New reporting requirements of CARO 2016 The Ministry of Corporate Affairs has issued Companies (Auditor’s Report) Order, 2016 on 29th March 2016 which has replaced the CARO 2015. CARO 2016 has introduced many new reporting requirements.
Presumptive taxation : ITR 4S ITR 4S is a ITR which is applicable for businesses where income is calculated on ‘presumptive method‘. In simple words the presumptive method lets you report your income as 8 per cent of your gross receipts (as per section 44AD of the income tax act) or as Rs 7,500 per […]
Exemption of goods manufactured at construction site Circular No. 1036/24/2016-CX,F. No. 68/1/2016-CX.I,Government of India,Ministry of Finance,Department of Revenue,Central Board of Excise and Customs,New Delhi. dated the 6th July. 2016 Sub:- Scope of word ‘site’ appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012-reg
Refund of fee paid to ROC Application for requesting refund of fees paid Under which circumstances refund of MCA 21 fees is available? The refund of MCA21 fees is available in the following cases:
Patent Box Regime for Intellectual Property A Patent Box Regime is a special tax regime for Intellectual Property (IP) revenues. It is also known as IP-Box or Innovation-Box. The concept of Patent Box was first introduced by Irish and French Tax Authorities. In a Patent Box Tax Regime, a lower rate of tax is applicable […]