CONTROLLING COST IN TIME OF COVID-19
The ongoing COVID-19 pandemic situation has been a challenging time for the companies and their employees. The greatest concern of the companies during this global pandemic has been to understand the risks to their businesses and to control the dramatic revenue loss. Most of the companies are experiencing a significant...
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Budgetary Control in an Organisation: An In-depth Analysis
Budgetary control is a system for establishing the best estimate budget for each function of an organisation by management in terms of expenditure and revenue. The purpose is to know the variance between actual and budgeted results with an objective to control various costs within a particular period. The budget...
Read More »Provisions regarding TCS applicable from 1st October, 2020
Provisions regarding TCS applicable from 1st April, 2020: TCS (Tax collection at source) is covered under Section 206(C) of Income Tax Act’1961. Tax collected at source (TCS) is a tax which is collected by a seller from it’s buyer for a transaction covered under TCS provision. Following are the list...
Read More »Govt raises turnover threshold for Income Tax audit of MSME in Budget 2020
Under section 44AB of the Act, every person carrying on business is required to get his accounts audited, if his total sales, turnover or gross receipts, in business exceed or exceeds one crore rupees in any previous year. In case of a person carrying on profession he is required to...
Read More »Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner
Ministry of Finance Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner Posted On: 22 JAN 2020 6:29PM by PIB Delhi Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The...
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