[ad_1] Analysts don’t see much impact on listed companies after the ban on single-use plastics came into force this month. However, as and when the restrictions are extended to pouches, pouches, wrappers, etc., many FMCG companies will be affected in the listed location. “The current ban covers items that have low utility and high litter potential. These are not widely used by large consumer companies and will therefore have limited impact for now.” Kotak Institutional Equities Told. Prohibited items include plastic straws used with low value packs of juices/beverages (eg…
Tag: effect
Tax effect if business income exceeds 50 lakhs
[ad_1] If a person’s business receipts exceed Rs. 50 lakh – profit of Presumptive tax under section 44ADA cannot be taken. In such a case, the individual would be required to prepare a Profit and Loss Account and Balance Sheet as well as get himself audited by a Chartered Accountant. Compliance to be made in case business income exceeds Rs. 50 lakhs If business receipts exceed Rs. 50 lakhs, the following compliances need to be taken care of:- Preparation of books of accounts with balance sheet and profit and loss…