Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) (or, Prime Minister's Poor welfare scheme) is an amnesty scheme launched by the Narendra Modi led Government of India in December 2016 on the lines of the Income declaration scheme, 2016 (IDS) launched earlier in the year. As part of the Taxation Laws (Second Amendment) Act, 2016, the scheme provides an opportunity to declare unaccounted wealth and black money in a confidential manner and avoid prosecution after paying a fine of 50% on the undisclosed income. An additional 25% of the undisclosed income is invested in the scheme which can be refunded after four years, without any interest. Valid from December 16, 2016 to March 31, 2017, the scheme can only be availed to declare income in the form of cash or bank deposits in Indian bank accounts and not in the form of jewellery, stock, immovable property, or deposits in overseas accounts.
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Can micro and small enterprises (MSEs) benefit from GeM?
How is the commission on reinsurance accepted typically accounted for by the reinsurer?
Which term refers to the specific rate of interest carried by a bond?
An unfavourable material usage arises because of:
AEPS stands for ______________.
If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
Which of the following is an example of “Non-current liabilities”?
Which of the following is NOT a best practice under Green Computing?
A company purchased a machinery for Rs.4,50,000. The machine is expected to have a useful life is 7 years after which it can salvage a value of Rs.30,0...