08/03/2019
Basis of charge [Sec. 56(1)] :-This is the last and residual head of char
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08/03/2019
Chargeable income [Sec. 56(2)] :- By virtue of section 56(2), the following inc
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08/03/2019
Interest on securities :-Interest on securities is taxable under the head
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08/03/2019
Income from machinery, plant or furniture let on hire [Sea 56(2)(ii‘) (iii)] In
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06/03/2019
Capital gain arising on transfer of assets in cases of shifting of industrial u
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28/02/2019
Capital gains on compulsory acquisition of land and building, forming part of i
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28/02/2019
Capital gain not to be charged on investment in certain bonds [Sea 54EC] The sa
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26/02/2019
Capital gains When and to what extent exempt from tax :-1. The Income Tax&
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26/02/2019
Capital gains arising from the transfer of land used for agricultural purpose S
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25/02/2019
Capital gain in certain special cases :-• Computation of capital gain in t
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25/02/2019
Special provision for computation ofcapitalgains in the case of slump sale [Sec
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25/02/2019
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25/02/2019
Computation of capital gains in the case of non~resident :- First proviso
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25/02/2019
SPECIAL PROVISIONS IN THE CASE OF A NON-RESEDENT INDIAN[SEC 115F] :- If the fol
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25/02/2019
Capital gain on distribution of assets by companies in liquidation [Sec. 46]&nb
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22/02/2019
Conversion cost of acquisition/improvement into indexed cost of acquisition/imp
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18/02/2019
Cost of improvement :-The provisions regarding cost of improvement are giv
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16/02/2019
The following transactions are also included in "transfer" :-• By an amend
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16/02/2019
Computlation of capital gain depends upon the nature of capital asset transferr
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16/02/2019
Certain transactions not included In transfer For the purpose of section 45, th
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16/02/2019
Expenditure on transferExpenditure incurred wholly and exclusively in connectio
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16/02/2019
Cost of acquisition :-Cost of acquisition of an asset is the value for wh
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15/02/2019
Meaning of capital asset (Sec 2(14 )) :-“Capital asset" is defined to incl
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15/02/2019
Transfer of capital asset :-Transfer, in relation to a capital asset, includes
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15/02/2019
Chargeability [Sec. 45] Any profit or gain arising from the sal
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06/02/2019
Advertisement expenditure [Sea 37(2B)] :- No allowance is available in res
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06/02/2019
General deductions [Sec. 37] :- Any expenditure not specifically covered b
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06/02/2019
PROVIDENT FUND PAYMENT WITHOUT TAX DEDUCTION AT SOURCE [SEC 40(a)(iv)] :-A
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06/02/2019
TAX ON PERQUISITE PAID BY THE EMPLOYER [SEC 40(a)(v)] :-The provisions of
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06/02/2019
Provision for payment of gratuity under section 40A(7) :- No deduction is
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06/02/2019
Contribution to non-statutory funds under section 40A( 9) :- No
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06/02/2019
Deemed profits chargeable to tax as business income [Secs. 41 and 176(3A) &
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06/02/2019
Sale of assets used for scientific research [Sea 41(3)] :- Where any
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06/02/2019
Recovery of bad bebts sec.41 (4) :- Where any bad debt has bee
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05/02/2019
Employer's contribution to recognised provident fund and approved superannuatio
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05/02/2019
Expenditure incurred by entities established under statutory Act [Sec. 36( 1)(x
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05/02/2019
Contribution to credit guarantee trust fund[Sec. 36(1)(xiv)] :- From the assess
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05/02/2019
Expenditure by co-operative society for purchase of sugarcane [sec.36(1) (xvii)
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01/02/2019
HIGHLIGHTS OF BUDGET 2019#budget2019Tax1. Within 2 years, Tax assessment will b
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28/01/2019
Expenditure for obtaining right to use spectrum for telecommunication services
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28/01/2019
Amortisation of telecom licence fees [Sec. 35ABB] :-Section 35ABB was ins
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28/01/2019
Deduction is available under section 35AC (up to the assessment year 2017-2018)
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28/01/2019
Certain preliminary expenses (Sec. 35D(2) incurred by an Indian company or a re
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28/01/2019
Amortisation of expenditure in case of amalgamation /demerger (sec 35DD]
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25/01/2019
Apart from the purposes Specified in the scheme, the amount standing to t
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25/01/2019
The deduction in respect of expenditure On scientific research may be grouped a
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25/01/2019
An assessee can claim deduction under ' Section 33AB if certain conditions are
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25/01/2019
The amount standing to the credit of the “special account" may be withdraw
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25/01/2019
CONTRIBUTION TO NATIONAL LABORATORY (Sec.35(2AA) :- The provisi
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14/01/2019
COMPUTATION OF ADDITIONAL DEPRECIATI0N[Sec. 32(1)(iia)] : These provisions are
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14/01/2019
Additional depreciation is available @ 20 per cent of the actual cost of new pl
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14/01/2019
MEANING OF "ACTUAL COST”[SEC. 43(1)] :- It means the actual cost to
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14/01/2019
UNABSORBED DEPRECIATION :- While dealing with unabsorbed Depreciation one
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14/01/2019
Investment allowance for investment in new plant and machinery [Sec. 32AC appli
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12/01/2019
WRITTEN DOWN VALUE[SEC. 43(6)] : Written down value for the assessm
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12/01/2019
Depreciation in case of succession, amalgamation, business re-organisatio
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12/01/2019
When an asset is put to use for less than 180 days in the year of acquisition :
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11/01/2019
BLOCK OF ASSETS [SEC 2(11)]: The term “block of assets” has been defined by sec
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10/01/2019
Depreciation [Sea 32] In order to claim depreciation, an assessee has to fulfil
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10/01/2019
DISALLOWANCE 0F DEPRECIATION Depreciation is disallowed in the following cases
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10/01/2019
Outcome of the 32nd GST Council Meet of 10th January 2019??The Council has rati
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08/01/2019
* Profits and gains of any business or profession carried on by the assess
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08/01/2019
Expenses expressly allowed as deduction :-1. Deduction in respect ol the
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07/01/2019
Allowance to High Court and Supreme Court Judges-The following allowances are n
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25/12/2018
Deduction under section 80TTB is available (from the assessment year 2019-20),
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25/12/2018
The following amendments have been made to the scheme of sections 16 and 17&nbs
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23/12/2018
Recommendations made during 31 Meeting of the
GST CouncilThe GST Council in it
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01/08/2018
LONG TERM CAPITAL
GAINS TAX @ 10%
IMPORTANT POINTS :-
· &
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04/06/2018
For GST Refund GSTR-1 & 3B not must for all. Composition taxpayer to file G
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01/06/2018
As April 3b filing is over now , Go for Matching Purchases through GSTR 2A !*&n
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02/01/2018
NON FILING GSTR 3B PENALTIES:-FOR NIL RETURNS- 20rs PER DAYOTHER CA
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24/08/2017
FAQ FOR GOVERNMENT DEPARTMENTS, LOCAL AUTHORITIES AND OTHER LINE DEPARTMENTS1.
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24/08/2017
Introduction: This article discusses in detail about How to adjust G
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24/08/2017
Introduction: GST is new for everyone. It came to effect from 1st Jul
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24/08/2017
There are 3 common methods to sign/file applications or returns at&nb
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23/08/2017
Penalties and ProsecutionsDefault in complying with provisions of or with condi
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23/08/2017
Goods and Services Tax (GST) in now a reality and then most of the present indi
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23/08/2017
“The buyer needs a hundred eyes, the seller but one”.This proverb cannot
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23/08/2017
ndia has implemented GST law w.e.f. July 1t 2017. One of the most dangerous pro
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23/08/2017
Filing of GSTR-3B return is the first formal communication of business transact
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16/08/2017
Now the much awaited tax reform , the GST in India has completed almost 4
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16/08/2017
GST law has made provision for composition scheme for small businesses in order
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16/08/2017
Introduction: This article discusses in detail about GST on E-Commerce Ope
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16/08/2017
On 15th August, 2017 India completed 70 years of Independence and entered 71th
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16/08/2017
Only few days are left to file the first Return in the era of GST regime i.e.&n
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16/08/2017
Module ObjectivesAfter completing this module, you will learn to:Create a chall
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20/07/2017
SAC Codes & GST Rates for Services -
Chapter 99
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Ra
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10/07/2017
EXPORT OF GOODS UNDER BOND / LETTER OF UNDERTAKING / PAYMENT OF IGST (CONSOLIDA
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10/07/2017
Article provides Rates of Depreciation as per Income Tax Act, 1961 on Building,
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10/07/2017
The Gazette of IndiaEXTRAORDINARYPUBLISHED BY AUTHORITYNo. 27] NEW DELHI, SATUR
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28/06/2017
What do investors expect from a Financial Advisor?The straight forward answer f
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28/06/2017
Every business is waiting to make the transition to the new laws under GST as w
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28/06/2017
Full Form of GST : Goods & Services TaxINTRODUCTION : The Go
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28/06/2017
Let’s start discussing:Everyone relates with money in a different way. How good
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28/06/2017
Concept of RCM is not new in Indirect Tax regime, it is similar to what was the
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28/06/2017
ncome Tax Appellate Tribunal – An IntroductionIncome Tax is the subject for Cen
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28/06/2017
Goods returned or price revision after appointed date, under which act concerne
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28/06/2017
Taxable Event in
GST Regime, Meaning and Scope of Supply under GST: The taxabl
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28/06/2017
h. Upender Gupta, Commissioner (GST) issued the first circular under GST&n
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26/06/2017
Mr A:- Hello sir, Good day to you. How are you?CA:- I am doing fine M
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21/06/2017
Press Information BureauGovernment of IndiaMinistry of Finance21-June-2017 14:0
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21/06/2017
As per the newly inserted section 94B through Finance Act 2017, there shal
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21/06/2017
Recently I have undertaken an assignment of dealing with the legal proceedings
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21/06/2017
Foreign companies in India typically operate through a Liaison Office, Project
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20/06/2017
As per the provisions of the Section 207 of the Income Tax Act,1961, Every Asse
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20/06/2017
n India, new transfer pricing rules were introduced in 2002. Since then, the nu
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20/06/2017
The Income Tax Act allows a salaried individual to claim certain deductions in
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20/06/2017
Buying a home is always a dream. It needs to be well planned and then executed
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20/06/2017
A person becomes senior citizen under Income Tax Act in any year after attainin
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20/06/2017
RBI latest Guidelines on Branch expansion and outreach among underserved areas
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20/06/2017
As per section 2(9) of the Income Tax Act, 1961(for short ‘the Act’), the defin
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19/06/2017
After the 17th GST council meet, headed by Finance Minister, Arun Jaitley
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19/06/2017
GST Council in its 17th meet held on June 18, 2017 in National capital, ga
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19/06/2017
About Reverse Charge: The reverse charge has been defined under Section 2
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19/06/2017
At the end of 17th GST council meeting it is almost certain that GST is co
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19/06/2017
Transitional Provisions Under Goods and Services Tax“A detailed analysis vis a
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19/06/2017
A registered person whose aggregate turnover in the preceding financial year di
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19/06/2017
Transportation has very important role in civilization of human beings and the
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19/06/2017
Section 285BA of Income Tax Act 1961 cast a responsibility on the persons which
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19/06/2017
The taxable event in GST is Intra / Inter-state Supply of either goods / servic
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01/05/2017
Every year Central Board of Direct Taxes issues circular on Income Tax deductio
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01/05/2017
Original Income-Tax Act, 1961 was well drafted by learned officials i
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01/05/2017
terms of section 2 (61) of CGST bill Input Service Distributor (ISD)
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01/05/2017
There had been waves of changes since beginning of calendar year 2016 in Rules
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01/05/2017
As per section 115JC of Income Tax Act , 1961 , AMT is Alternate Minimum Tax&nb
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01/05/2017
PLEASE TAKE NOTE OF RULE 114B– 114C of the Income-tax Rules, 196
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01/05/2017
In my previous article under the title ‘Understanding General Anti-Avoidance Ru
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01/05/2017
Deduction in respect of contribution to certain pension funds.As per section&nb
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01/05/2017
According to newly inserted section 139AA by the Finance Act, 2017 in
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01/05/2017
In this article we compiled information / How to register Aadhaar in ITD e-Fili
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01/05/2017
hese instructions are guidelines for filling the particulars in this Return For
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22/04/2017
A Registered person under the proposed GST regime has to file many returns pres
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22/04/2017
As per Section 269ST transactions in the nature referred to in Section 269SS ar
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22/04/2017
Original Income-Tax Act, 1961 was well drafted by learned officials i
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07/03/2017
Suggestions on Clause 21 of Finance Bill 2017–section 44AD-Presumptive Income t
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07/03/2017
“Constructive” as per its dictionary meaning it is something which is not
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07/03/2017
GST Council approves the CGST and IGST Bill; SGST and UTGST Bill to be taken up
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07/03/2017
rticle Compiles month wise Due dates for E-payment of Service Tax for by Compa
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07/03/2017
TDS Rates Chart for Financial Year 2017-18/ Assessment Year 2018-19 vide Financ
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07/03/2017
Navin AgichaSECTION 80-IBA. (AFFORDABLE HOUSING SCHEME)AMENDMENTS AND FAQ WITH
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uggestions on Clauses 43 of Finance Bill 2017 – Section 94B- Limitation of inte
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07/03/2017
Simply ask for it. That’s the easiest way for an identity thief to steal your p
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07/03/2017
Suggestions on Section 44AB as proposed to be amended by Finance Bill
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07/03/2017
Repayment of housing loan is through Equated Monthly Installments (EMI)&nb
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07/03/2017
INCOME TAXIncome Tax Rates for Financial Year 2017-18Slab Rate for Individual,
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07/03/2017
Under section 44AD from if the Turnover of an assessee being resident individua
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07/03/2017
Suggestions on Clause 83 of Finance Bill 2017- Section 269ST- Restriction on ca
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27/02/2017
Have you taken an education loan to support higher studies of yourself or of yo
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27/02/2017
The Income Tax Act, 1961 provides deduction u/s. 80 in pursuance of which an in
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21/02/2017
Balance Sheet of the Demonetization- After suspension of more than 80% of
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21/02/2017
Goods and Services Tax, as the name suggests is a tax on every supply of goods
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21/02/2017
INTRODUCTION : The Finance Bill, 2017 has proposed to intro
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21/02/2017
We Indians do love the shiny yellow metal. So much so, that between March and D
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21/02/2017
t is quite common where an entity provides some amounts as Share Applicat
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11/02/2017
Contents Covers :-Supply Chain ManagementProduction & DistributionLegal, Fi
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10/02/2017
Users who have already registered in e-Filing portal can use this functionality
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09/02/2017
The Benami Transactions (Prohibition) Amendment Act, 2016 came into e
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09/02/2017
RBI/2016-17February 08, 2017All BanksDear Madam / Sir,Removal of limits on with
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09/02/2017
What is HRA (House Rent Allowance)?HRA or the House Rent Allowance is an amount
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07/02/2017
In The Finance Budget for A.Y 2018-19 Tax rate has been reduced to 5% from 10%
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04/02/2017
The existing provisions of section 12A of the Act provide for conditions for ap
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04/02/2017
Under the existing provisions contained in clause (23C) of section 10, exemptio
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04/02/2017
The existing provisions of section 153 specify time limit for completion of ass
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04/02/2017
Taking further to our discussion, we are continuing our discussion the definiti
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04/02/2017
In this article, taking three provisions of Finance bill 2017, taxation ef
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04/02/2017
Rebate of up to Rs. 5,000 for resident individuals having total income of up to
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03/02/2017
S. NOEvent DateActApplicable FormObligation1GST enrollmentGST enrollment start
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03/02/2017
Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations
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03/02/2017
Definition of First Stage DealerTaking further to our discussion, we are contin
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03/02/2017
Turnover of companies up to 50 crore - tax will be 25 percent instead of
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02/02/2017
Under the existing provisions, income by way of dividend in excess of Rs. 10 la
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02/02/2017
Existing Income Tax rates for Individual or Hindu undivided family or every ass
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02/02/2017
GOVERNMENT OF INDIAMINISTRY OF FINANCE / DEPARTMENT OF REVENUECENTRAL BOARD OF
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02/02/2017
The existing provisions of section 80-IBA provides for 100% deduction in respec
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30/01/2017
A Sample of GST Sales Bill Format for Indian AssessesGovernment of India/StateD
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30/01/2017
Goods and Services Tax
(GST) Forms for Registration
Sr.No
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30/01/2017
As per section -5 Place of Supply of Goods can be understood as
foll
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30/01/2017
Chapter: IPRELIMINARYSection 1:Short title, extent and commencementSection 2:
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26/01/2017
No Final Decision taken on the Recommendations of the Committee of Chief Minist
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24/01/2017
TDS U/s 194DA on Life
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Under Section 194DA on Life
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24/01/2017
Following laws will be subsumed:- At the Central level, the fol
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24/01/2017
Section 138 NoticeA cheque bounce or cheque non-payment in a serious offe
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21/01/2017
Board resolution for opening bank account is a resolution passed in a Board Mee
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21/01/2017
Changing Director or Designated PartnerDirectors are appointed by the sharehold
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20/01/2017
Section 25 in The Societies Registration Act, 186025. Power to make rules.—(1)&
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20/01/2017
Taxable event: Taxable event is very important matter in every tax law. It
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20/01/2017
Key differences between Repo Rate vs Bank RateThough Repo Rate and Bank Rate ha
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20/01/2017
Service Tax Reverse charge mechanism – Complete DetailsReverse charge mechanism
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17/01/2017
APPLICABILITYUnder Section 2(12) the Act is applicable to non-seasonal factorie
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16/01/2017
Migration of Existing Tax Payers? Existing registrants either with States
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13/01/2017
SECTION 87A (REBATE)Section 87A of Income-tax Act, provide for a rebate of
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10/01/2017
(1) On the appointed day, every person registered under any of the earlier laws
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10/01/2017
Taxpayers based abroad can pay Service Tax for Cross border B2C OIDAR services
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