by FinGurus | Apr 29, 2021 | Update
Post-independence, when the working class sector formed the primary basis of India’s hope to grow and thrive industries, the Employees’ State Insurance Act, 1948 was notified by the Parliament. This Act was introduced to protect the laborers and the workers in terms... 
by FinGurus | Apr 23, 2021 | Update
Let’s begin with an example. In April 2019, Tata Sponge Iron Ltd., a subsidiary of the giant, Tata Steel, acquired Usha Martin’s Steel Business. The UML group made this sale because they wanted to ensure substantial debt reduction. Tata Steel, later, announced that... 
by FinGurus | Apr 8, 2021 | Update
In a release on the 1st of April, the Finance Ministry put forth that the Central Board of Direct Taxation (CBDT) has informed about the new Income Tax Return (ITR) Forms, ITR-1 to ITR-7, for the financial year 2021-22. Given the present Covid scenario in the country... 
by FinGurus | Apr 1, 2021 | Update
The Ministry of Corporate Affairs (MCA) has modified certain rules of the Schedule III of the Companies Act, 2013 with regard to aspects such as accounts, audits and auditors. The newly introduced amendments make way to increased disclosure requirements and intend to... 
by FinGurus | Mar 24, 2021 | Update
While presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman has incorporated some changes in the Income Tax rules, slated to be effective from the 1st of April, 2021. Some of the new changes included in the I.T. regime ensure relief to the salaried... 
by FinGurus | Feb 25, 2021 | Update
Finance Minister Nirmala Sitharaman has recently announced that contributions exceeding Rs. 2.5 lakh in the Employee’s Provident Fund (EPF) will be taxed in the manner interest accrued on fixed deposits are taxed. The announcement made in the Union Budget event has... 
by FinGurus | Jan 29, 2021 | Update
The Companies CSR (Corporate Social Responsibility) Rules play a significant role in strategizing a company’s social investment plans and determining how and where to implement the programs to endorse the concept of sustainable development. For example, some of the... 
by FinGurus | Jan 20, 2021 | Update
Like we are accustomed to the filing of “e-way bills” for the transportation of goods from one place to another, the GST Council has decided to initiate a process of e-invoicing, applicable to a specific section of taxpayers in its 35th meeting. The CBIC (Central... 
by FinGurus | Jan 15, 2021 | Update
For every salaried person, the word retirement brings a sigh of relief. While some think they can enjoy the mornings taking care of the garden, some plans to enjoy the afternoon nap. However, although retirement would signify an end to the daily hardships of working... 
by FinGurus | Jan 6, 2021 | Update
New Year resolutions are a common term heard during the onset of a new year. While some people make resolutions related to health or plan to stay fit, some plan to stay positive by bidding goodbye to negative qualities. Among all these, seeking a healthier financial...