Individual Traders vs Investment Firms – Gamestop GameStop [Photograph] – (‘Shelby Township, Michigan, USA – November 2, 2011’) The past few days a horde of individual traders pushed #GameStop stocks to $483 a share. Last year the stock was only $2.57. How did this happen? Why such a big difference? Did GameStop […]
Individual Traders vs Investment Firms – GameStop Read More »
Photo by Alesia Kozik The Income-Tax Act of 1961 was amended by the Finance Bill of 2022 to include a new provision called 194S that imposes a 1 percent TDS on any consideration paid for the transfer of Virtual Digital Assets (VDA). Simply explained, you (or the Exchange facilitating this transaction) will have to deduct
TDS on Crypto in India: Income Tax Regulations For Transactions Using Cryptocurrencies Read More »
Introduction In the world of business, entrepreneurs are constantly seeking ways to maximize their earnings and generate additional income. One strategy that has proven to be lucrative is leveraging credit cards for smart purchasing. This article tells the story of my friend who runs a successful ladies’ clothing business and has discovered a remarkable
Maximizing Earnings through Smart Purchasing: Passive Income via Credit Card Read More »
Introduction: Welcome, dear readers, to an exciting episode of The UDIN Chronicles! Today, we delve into the captivating world of “Restricting revocation of the UDINs within 48 hours.” Brace yourselves for a rollercoaster ride of humor, inspiration, and insights as we uncover the latest updates from the ICAI (Institute of Chartered Accountants of India).
The UDIN Chronicles: Revocation Restrictions Unveiled Read More »
Background The implementation of GST has had a positive impact on the vehicle industry. Before, dealers could not claim credit for excise duty and VAT paid, which increased the purchase price. However, GST has reduced the cascading impact of taxes, lowering the price of vehicles. How did the car’s price impact as a
Sale of used Motor Vehicle under GST Read More »
1. Grant of Restricted Stock Units (RSUs) India The Momentous Announcement Imagine your company announces that you’ve been granted RSUs as part of your compensation package. It’s like finding a treasure chest with your name on it. But before you start counting your riches, let’s dive into the nitty-gritty. RSUs are essentially a
Understanding Restricted Stock Units (RSUs) in India: Taxation and Benefits Read More »
On October 1, 2023, a landmark amendment to the Goods and Services Tax (GST) regime kicked in, reshaping the e-commerce landscape for unregistered suppliers and composition taxpayers. With access to previously restricted online marketplaces, this change has sparked both excitement and questions within the CA community. Let’s unpack the specifics of this amendment and its
Harnessing AI for Accurate Accounting and Auditing Processes Read More »
On October 1, 2023, a landmark amendment to the Goods and Services Tax (GST) regime kicked in, reshaping the e-commerce landscape for unregistered suppliers and composition taxpayers. With access to previously restricted online marketplaces, this change has sparked both excitement and questions within the CA community. Let’s unpack the specifics of this amendment and its
Understanding Tax Implications in Amalgamation Transactions: A Comprehensive Guide Read More »
Friends, for the last 10-15 days, we have all been talking about or trying to understand one thing, and that is the newly introduced section 43B(h) of the Income Tax Act, 1961, through which MSMEs’ payments will not be delayed even for a day. Friends, I will provide you with full information in this
