Are u from Consumer Durable industry, Know the ways to increase Your GP !!! Profit margin isn’t just something you should measure, it’s a metric that you should continuously improve. “If your profit margins aren’t…

The Employees’ Provident Fund Scheme,1952 requires employers of establishments covered under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 (“the Act”) to file a return of ownership in Form 5A. Form 5A captures details of…

Introduction With the intent to penalise the non-filers of the income tax returns, CBDT introduced new sections, namely, 206AB and 206CCA. Section 206AB (Clause 51 of Finance Bill 2021) Any person who is liable to…

Any person, being a buyer who is responsible for paying any sum to any resident (seller) for purchase of any goods of the value or aggregate of such value exceeding 50 lakh rupees in any…

Introduction: In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS).  This package is…

Objectives The Scheme proposes to incentivize employers, registered with EPFO, for giving employment to new employees and re-employing persons from low wage bracket (<15000) who lost their jobs during COVID-19 pandemic. Validity of Scheme Benefit…

Key Highlights of the Union Budget 2021-22 This year’s budget lays focus on the six pillars for reviving the economy. Health & Wellbeing Physical & Financial Capital and Infrastructure Inclusive Development for Aspirational India Reinvigorating…

Income Tax Proposals The ‘tax audit limit’ under Section 44AB has been increased from Rs.5 crores to Rs.10 crores where 95% of business transactions are done in digital mode. Delay in remittance of employee share…