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Section 115BAA – New tax rate of 22% on domestic Companies
The new section – Section 115BAA has been inserted in the Income Tax Act,1961 to give the benefit of a reduced corporate...
Cash Deposit during Demonetisation period
It was 8 pm on the 8th November when heartbeat of every Indian skipped a beat because the Honourable Prime Minister of India announced...
Format of Statutory Auditors Report for FY – 2020-21
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ABC PRIVATE LIMITED Report on the Audit of the Financial Statements
8 Income Tax Judgements and Cases on Previous Demonetisation
PM Narendra Modi may have shocked the nation with his 8 PM, 8 Nov 2016 announcement , but the Prime Minister’s move was not...
A guide to depreciation rates for AY 2021-22
Depreciation is allowed as a deduction under section 32 of the Income Tax Act, 1961. In the computation of taxable income, the...