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Objectives and Functions of Accounting

In order to know about the objective and function of accounting, it is necessary to know what accounting means. Once you have a fair idea about it we can discuss the objectives and functions of accounting in depth. Accounting Accounting is a process through which one can easily handle, record, summarize, report and analyze financial … Read moreObjectives and Functions of Accounting

New Income Tax e-Filing Portal Launched

Monday Morning News began with the I-T Department announcing that they were at the final stages in the roll-out of the new Portal. “We are as excited about the new Portal as our users! We are at the final stages in the roll-out of the new Portal, and it will be available shortly. We appreciate … Read moreNew Income Tax e-Filing Portal Launched

Exchange Rates For Customs

The Central Board of Indirect Taxes and Customs (CBIC) has notified the exchange rate for converting each of the below-mentioned foreign currencies into Indian currency via Notification No. 31/2021 – Customs (N.T) on 18 March 2021. These revised rates will be effective from 19 March 2021 for the import and export of goods. SCHEDULE-I       Foreign … Read moreExchange Rates For Customs


As part of the Central Government’s initiative to promote the idea of ‘Ease of doing Business’, a simplified registration process for new companies was introduced (SPICe+). SPICe+ is an integrated web e-form that covers services offered by three Central Government Ministries (Ministry of Corporate Affairs (MCA), the Department of Revenue in the Ministry of Finance, … Read moreINC35 AGILE-PRO

Inflow Vs. Outflow In Budget 2021

The Union Budget of 2021 focused on 6 major sectors of the Indian economy. This Budget was designed to resonate with the Government’s vision of making India ‘Aatma Nirbhar’. Furthermore, it is structured to strengthen the nation’s marketplace and help it bounce back from the financial crises brought about by the Corona Virus pandemic. This … Read moreInflow Vs. Outflow In Budget 2021

Highlights Of Budget 2021

The Union Budget of 2021 has boosted the healthcare and infrastructure industry. Specified senior citizens, NRIs and small taxpayers can surely cheer on the Income Tax front. With the enhancement of the tax audit limit and redefining of the provisions in the Companies Act, businesses can concentrate more on upscaling, and expansion with lesser compliance … Read moreHighlights Of Budget 2021

Regulatory Compliance Portal

To reduce the regulatory compliance burden of citizens and businesses, the Department for Promotion of Industry and Internal Trade (DPIIT) launched the ‘Regulatory Compliance Portal’ on 1 January 2021. This portal aims to act as a bridge between citizens, industries, and the Government to minimise burdensome compliances. This portal will also serve as a first-of-its-kind … Read moreRegulatory Compliance Portal