1.What do you understand by EQL?Equalisation Levy is referred to as EQL (EQUALISATION LEVY). It would be assessed on digital services (mostly Advertising) offered in India by non-resident companies. 2. Why it is charged?In India, Non-Resident corporations would frequently avoid paying any type of tax. The government instituted EQL @ 6% on all non-resident entities …
Let’s face it, the current macroeconomic situation across India and beyond could make you sweat your forehead. Incessant layoffs within multinational companies along with the constantly increasing inflation rate and interest rate increases all indicate a difficult future. To deal with these challenges and difficulties, it is vital to take the proper steps to build …
The word”HR” (“Human resource”) is a reference to how employees are managed and developed within a company. A business cannot function without employees (employees) so creating policies that are appropriate for the development and welfare of employees is crucial to running a business. The statutory compliance requirements are designed to ensure that businesses can operate properly …
Income Tax Refund Status Check 2022: Not received refund yet? Read below to know how to check Income tax refund status now Most tax payee’s have already filed their income tax returns. As per the current data on the Income Tax website, over 6.16 ITRs for Assessment Year 2022-23 were filed till 11th September 2022. …
Definition: Small Company means a company, other than a public company, • Paid-up share capital of which does not exceed Rs. 2 Crore; and • Turnover of which as per profit and loss account for the immediately preceding financial year does not exceed Rs. 20 Crore. Following companies shall not be considered as Small Company: …
ISO (the alliance for Standardization) may be a worldwide federation of national standards bodies (ISO member bodies). The work of making ready International Standards is often dispensed through ISO technical committees. Every member body fascinated by an issue that a technical committee has been established has the correct to be pictured thereon committee. International organizations, …
MTSS (Money Transfer Service Scheme) is the most convenient option for the purpose of inward remittance of money abroad to India .It can be availed tourist travelling to India. Only Inward remittance in India is allowed. Under this , remittance can done in speedy & hassle-free manner. Inward remittance as it is known as under …
Management Audit is an assessment of the competencies and an analysis and capabilities of a company’s management in carrying out corporate objectives. It is an audit to examine, review and appraise the various policies and actions of the management on the basis of certain objective standards. It attempts to evaluate the performance of various management …
A non-resident Indian is a native of India or a person of Indian ancestry who is not a native of India. A non-resident Indian (NRI) or a person of Indian ancestry (PIO) can open an NRI account with a financial institution such as a bank. A non-resident Indian (“NRI”) can open multiple accounts in India …
All individuals, HUF (Hindu undivided family), BOI (Body of Individuals), AOP (Association of Person), trust, the corporate are required to file ITR’s if their income exceeds the prescribed limit. There are different sorts of ITR available for various people. There are 7 ITR forms: ITR 1(SAHAJ), ITR 2, ITR 3, ITR 4(SUGAM), ITR 5, ITR …