Internal financial control (IFC) What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term ‘Internal Financial Controls’ means the policies and procedures adopted by the company for ensuring:
Steps to control risk in your investment portfolio Any investor would agree that ignorance and lack of awareness in the investment field can prove to be expensive. In the world of finance and investment, risk management is very closely related, rather necessary for measuring performance.
Service tax Interest rates changed again ! There are two provisions under Finance Act, 1994 dealing with interest on delayed payment as given below:
TCS on sale of Goods and Services Section 206C Tax Collected at Source: “TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)”. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206 C (1).
Impact of Krishi Kalyan Cess – Service tax Introduction Service tax rate has been proposed to increase from 14.50% to 15% effective from 1st June 2016.It is also clear that till 1.6.2016, service tax shall continue to be levied @ 14.50% comprising of Basic 14.0% and 0.50% as Swach Bharat cess(SBC). It is proposed to […]