Forwarded from Chartered Accountants Updates
Accumulated credits on minimum alternate tax (MAT) cannot be adjusted against their tax liabilities by companies opting for the newly announced lower corporation tax regime, said a source in the Central Board of Direct Taxes. Officials added the board would soon issue a circular on such clarifications in the newly announced tax regime, including those on MAT credit.
Forwarded from Chartered Accountants Updates
A panel on direct tax legislation has recommended introducing a branch profit tax for foreign companies on the amount repatriated to their overseas partners. The task force suggested reducing the corporation tax rate for these companies to the level applicable to their domestic counterparts (25 per cent).
Branch profit tax will make up for the revenue gap, which the Centre may grapple with if it uniformly brings down the corporation tax rate for all companies,
Branch profit tax will make up for the revenue gap, which the Centre may grapple with if it uniformly brings down the corporation tax rate for all companies,
Forwarded from CS Foundation & CSEET Updates
Q305
Every company shall have at least ______________ director who has stayed in India for a total period of not less than 182 days in the previous calendar year.
Every company shall have at least ______________ director who has stayed in India for a total period of not less than 182 days in the previous calendar year.
Anonymous Poll
70%
(a) one
25%
(b) two
3%
(c) three
2%
(d) five
Forwarded from Company Law MCQ (CA, CS, CMA)
Q273
Annual return is to be filed by company to ROC in form ________ in _______ days of AGM
Annual return is to be filed by company to ROC in form ________ in _______ days of AGM
Anonymous Poll
13%
(a) MGT-9, 60 Days
18%
(b) MGT-9, 30 Days
43%
(c) MGT-7, 60 Days
25%
(d) MGT-7, 30 Days
Forwarded from DT MCQ
Impact of corporate tax rate cut on firms, economy
HDFC Bank beat the crowds to top the list of 75 most valued brands in India, keeping its position intact from the previous year. At second and third spots, too, the old order held its grip. Public sector insurer Life Insurance Corporation of India (LIC) and IT major Tata Consultancy Services (TCS) retained their second and third ranks in the list of most valued Indian brands
Forwarded from CS Foundation & CSEET Updates
Q308
Which of the following statements is true?
Which of the following statements is true?
Anonymous Poll
10%
(a) All ethical issues are dealt with by law
8%
(b) Every legal act is ethical
35%
(c) Legality does not necessarily mean Ethics are followed
47%
(d) b & c both
Forwarded from DT MCQ
Q283
Un-Commuted Pension received by ANY Employee:
Un-Commuted Pension received by ANY Employee:
Anonymous Poll
28%
(a) Fully Exempt
58%
(b) Fully Taxable
11%
(c) Partially taxable
4%
(d) Partially exempt
Forwarded from Chartered Accountants Updates
For October Special Alert
Last date to file GSTR-1 is 11th Oct 2019
Last date to file CMP-08 is also 18th of Oct 2019
Last date to file GSTR-3B is also. 20th Oct 2019
Last Date to File TDS Q2 is 31st Oct 2019
Last date to file ITR & TAR is also 31st Oct 2019
Last date to file GSTR-1 is 31st Oct 2019
MCA Compliance in Oct as well
Last date to file GSTR-1 is 11th Oct 2019
Last date to file CMP-08 is also 18th of Oct 2019
Last date to file GSTR-3B is also. 20th Oct 2019
Last Date to File TDS Q2 is 31st Oct 2019
Last date to file ITR & TAR is also 31st Oct 2019
Last date to file GSTR-1 is 31st Oct 2019
MCA Compliance in Oct as well
Very Very Big news for All CS Studentsπ€π€
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Launching Test series at Heavy Discount
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Navratri Offer 28-30 Sepππ
Launching Test series at Heavy Discount
π Any Subject 444/-
https://bit.ly/2yM6Fph
π Module wise combo 1399/-
http://a1.to/08bpq4
Schedule - starting 1 Oct https://bit.ly/2KtIV01
Click to know the process
http://a1.to/uTeV53
Extra Discount - Apply code COMBO200
cstestseries.com
7047777111
CS Foundation & CSEET Updates
Q308
Which of the following statements is true?
Which of the following statements is true?
Q308 Correct Answer is (c)