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The investigators in France have recently raided Google’s headquarters in Paris for some serious accusations of organised money laundering and aggravated financial fraud. After a long enquiry into Google’s taxation issues, the magistrates have disclosed that this tech giant is evading taxes as it hasn’t been able to give away the complete details of its […]
XBRL is required by almost all corporate companies to furnish their compliance with the Ministry of Corporate Affairs. As the XBRL format is widely used in corporate companies, it is an encrypted way to share the financial details of the business to the government and has been done through the help of software. The XBRL […]
The first month of the fiscal year 2016-17, April has shown an increase of indirect tax collections by 41% to Rs. 64,394 crore. The major reason behind this hike is due to a sharp central excise gush. Last months’ records shot up the central excise collections by 70% to Rs. 28,252 as compared to Rs. […]
The Central Board of Direct Taxes (CBDT) announced that the disclosure of the acquisition cost of all the assets like land, building and jewellery is mandatory, via each and every assessee, who have annual income above Rs 50 lakh amount, in the Income Tax return forms for assessment year 2016-17.
New Delhi: According to the fresh data disclosed by the government, only 1 percent of the Indian population account as tax payers in the country. Though, for as many as 5430 persons, the tax expenditure was more than Rs. 1 crore, said the latest statistics for the 2012-13 assessment. The overall number of individuals who […]
We tell you about the huge scope for Chartered Accountant professionals. As we know that there are many government and private companies that are providing jobs with a good package. The aspirants can become employed in a firm as an employee or can start their own private practice. There are many scopes or jobs for those […]
Today, the Governor of the Reserve Bank of India, Mr. Raghuram Rajan has made an announcement regarding the credit policy. He has cut 0.25 interest rates, as previously expected. While, there is no change in the CRR. It remains same at 4 percent. Apart from this, the repo rate has also been cut by 0.25 […]
Audit is known as examination and inspection of the financial statements of a firm to make sure that the records related to the company are current and fair. Generally audit work is done by the professionals like CA. But, nowadays, many chartered accountants takes help of software to audit the records the firms. There are […]
When, the Finance Minister has made an announcement regarding to remove the controversial EPF tax proposal, then the Congress and BJP quarrelled on Tuesday to take credit for the roll-back of the proposal tax EPF. Rahul Gandhi claimed that it happened due to his pressure on the government. In return, attacking on the Rahul, the parliamentary affairs minister Mr. Venkaiah Naidu said that he was interrupting the Parliament by blocking vital legislations.
