FCRA Registration – Eligibility & Application Procedure
Area 6(1) of the Foreign Contribution Regulation Act, 2010 requires beneficent trusts, social orders, and Section 8 organizations that get unfamiliar commitments or gifts to enroll. An FCRA enrollment is one that is made under the Foreign Contribution Regulation Act of 2010. The technique for acquiring FCRA enrollment in India is talked about in this article. Qualification for getting FCRA [...]
AS 9 Revenue Recognition
" Profit is the gross flux of cash, receivables, or other consideration arising in the course of an enterprise's ordinary conditioning from the trade of goods, picture of services, and from colorful other sources similar as interest, royalties, and tips," according to the ICAI's AS 9 Profit Recognition. Preface of AS 9 Profit Recognition The quantum charged to guests for [...]
Section 194J – TDS on Professional/Technical Fees
According to the rules and regulations of Section 194J of the Income Tax Act, 1961, when certain payments are made to a specified resident, a person must deduct their Tax Deducted at Source (TDS) alone at the rate of 10%. TDS (tax deduction at source) has shown to be a highly effective method of collecting taxes in the country by [...]
Income Tax Surcharge Rate & Marginal Relief
Are you in one of the higher income tax brackets, such as the 30 percent top rate? – If you responded yes, your Income Tax liability will be subject to an extra surcharge. To put it another way, an income tax surcharge is an additional tax imposed on people who earn more than a specific amount. With a population of [...]
Cash Management
Cash management, as the name implies, is the most efficient use of cash to ensure maximum liquidity and profit. It relates to the gathering, disbursement, and investment of funds in a correct manner. The right use of cash ensures the viability of a small business. As a result, cash management is an important company function that oversees the gathering [...]
Global Depository Receipt
Investors use capital markets such as ADR, GDR, and IDR to facilitate long-term debt instruments and generate capital. The most economical and well-known technique of raising funds from overseas capital markets is the issue of these receipts. It also allows foreign investors to make investments in domestic businesses. What is Depository Receipt? When a foreign firm or an [...]