Income Tax article
TDS on Transactions between CTUIL And ISTS
1.Back Ground Facts: XYZ of India Limited (hereinafter referred as “Querist”) is a company registered under the provisions of Companies Act 2013 vide registration no 56365365xxxxx(CIN. ****** ...
Read MoreHistory of indian currency
Overview The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is ...
Read MoreTHE CENTRAL GOODS AND SERVICE TAX (AMENDMENT) ACT, 2018
With the approval from the GST council in the meeting held on January 10 2019, the changes made by the CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST ...
Read MoreMonth-end Provisions and Reversal – Is TDS called for?
Multi-national enterprises (MNEs) do make monthly provision for variousexpenses in their ERP system at the end of each month. This might be anearer approximation of the expenditure to be incurred. ...
Read MoreWhat is Vivad se Vishwas Scheme?
Vivad se Vishwas: Budget Proposal Over the period of time, the Government of India has introduced various amnesty scheme. The rationale behind these amnesty schemes was to settle dispute and ...
Read MoreTruth of 115BAC
Budget The Budget 2020 has invented a new tax regime for the individuals and HUFs. Under this regime, a new section is inserted which provides an option for the tax payers to opt a new slab other ...
Read MoreRevalidation of Registration u/s 12A and 80G
There are certain tax exemptions and benefits available to Charitable Institutions in India. These exemptions and benefits are dealt in sections 12A/12AA and 80G of the Income Tax Act,1961. The ...
Read More