Question
Which document is no longer required for non-residents
and foreign companies opening bank accounts in IFSC Gift City, according to the amended Income Tax Rules?Solution
The Finance Ministry has amended Income Tax Rules and so now the non-residents and foreign companies opening bank accounts in IFSC Gift City will not have to furnish PAN and instead file a declaration.The non-resident or the foreign company opening a bank account at the International Financial Services Centres (IFSC) will have to file a declaration in Form 60 and should not have any tax liabilities in India.
In the context of money laundering, the stage called Integration refers to:
Which institutional mechanism deals with banks’ shortfalls in meeting Priority Sector Lending (PSL) targets, and how are such funds utilized?
Under what heading, "uncalled liability on partly paid up shares" will appear while preparing final accounts of limited liability companies?Â
In the context of filing of financial statements by a company, the term “XBRL” means......................
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in Qty if the budgeted units are 1,00...
Which ICDS deals with Accounting Policies?
In monetary policy operations, the Reverse Repo Rate refers to:
When a transaction of supply of goods/services is made between two persons who are not related to each other and price is the sole consideration for the...
From the following information calculate the amount of sales to earn a desired profit of Rs.12,000
Fixed Cost: 24,000
Selling Price: ...
As at 31 March 2025, Ace Ltd. has long-term borrowings of ₹4,00,00,000, working capital loans of ₹1,00,00,000, and shareholders’ funds amounting t...
