Every other day, there’s a hot new startup company in the spotlight, but the fact is that 90% of them are failures If you keep up with digital news, you already know the most discussed topic of today. Everyone is looking for the next big thing, whether it’s due to a need of the hour…
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The country’s fifth-largest IT firm is nurturing in-house startups, incubating external projects, collaborating with technology ecosystems around the world, and aiming to build some serious “deep tech” startups in India. In 2015, Tech Mahindra was one of ten Indian firms named to Forbes Asia’s prestigious “Fab 50” list. It was ranked alongside TCS and HCL,…
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Timesaverz, a one-stop-shop for home services, revealed today that it has begun operations in Chennai. Along with the vertical expansion in its business segments, the company’s next phase of growth will include expansion into newer markets. The company’s operations were previously only available in Mumbai, Delhi/Gurgaon, Bengaluru, Hyderabad, and Pune. Timesaverz’s founders are targeting a…
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Schedule III of the Companies Act 2013 contains the general instructions for preparation of the Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA: 1. Now companies have to round off…
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Latest News – 30 March 2021 Ø India, US agree to revamp strategic energy partnership Ø Adani, Torrent submit EoIs for South-East UP Power Transmission Company Ø Government not inclined to bear loan moratorium costs Ø Solar installations on pace for biggest growth in five years, IHS Markit says Ø CCI’s WhatsApp probe order a…
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BRR – Substitute Business Responsibility Reporting for Business Responsibility and Sustainability Reporting (BRSR). – BRSR reporting to be applicable to the top 1000 listed companies on a voluntary basis for FY 2021-22 and on a mandatory basis from FY 2022-23. Dividend Distribution Policy – Dividend Distribution Policy Formation was extended to the top 1000 listed…
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Ø BPCL divestment process progressing well, with a sale completed by end of September: DIPAM Secy Ø Reliance Retail tells govt e-commerce players to avoid foreign investment norms Ø Focusing on investment from an odd 1,000 foot including Tesla: secy industries Ø Amazon urges India not to change e-commerce investment rules: Sources Ø Edelweiss Yield…
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YOUR DIVISION-1- AS- Compliant Companies 1- It is now necessary to round the figures. Earlier it was optional Your Balance Sheet PART-I 2- Some changes to Balance Sheet items 3- In a share capital schedule – Holders of promoters must be disclosed 4- The ageing of the trade payable must be disclosed 5- The ageing…
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ITR (Income Tax Returns) are a type of tax return that is used to declare net tax liability, claim tax deductions, and report gross taxable income. Individuals who receive a certain amount of money are required to file IT Returns. Self-employed or salaried individuals, firms or businesses, Hindu Undivided Families (HUFs), and self-employed or salaried…
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Budget 2021 will be announced on 1st February 2021 addressed by FM Nirmala Sitharaman New Income Tax Slabs for individuals under the new tax regime. Applicable to FY 2020-21 (AY 2021-22) Update on Budget 2021: It has been suggested to exclude senior citizens from filing income tax returns if their only source of annual income…
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