COSO FRAMEWORK Introduction: The Committee of Sponsoring Organizations of the Treadway Commission – or simply COSO as it’s known to many – is a “joint initiative” organizational body that develops and facilitates risk management frameworks…

Government Incentives Summary for a Consumer Electronic Manufacturer Introduction “To improve is to CHANGE, to be Perfect is to CHANGE OFTEN” stated Winston Churchill, the former Prime Minister of United Kingdoms. In the history of…

 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…