Discussing six important Income Tax provisions and sections that are applicable to Milk Co-Operative Societies.
With India ranking 86th in Corruption Perception Index, GoI has amended the Prevention of Corruption Act, 1988 on 26th July 2018. Important implications of the Act are highlighted in this article.
Discussing Income Tax Deductions u/s 80C, 80CCC, 80CCD(1), 80CCD(1b), 80D, 80E, 80EE, 80EEB, 80G, 80GG, 80GGC, 80TTA, 80TTB, 24(b), and 87A that are applicable for FY 2020-21.
The amended provisions of the Indian Stamp Act, 1899 and The Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rule, 2019 brought through Finance Act, 2019 came into force w.e.f 1st July, 2020.
TCS is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the act governs the goods on which the seller has to collect tax from the purchasers.
In this article, we have discussed about the compliances that have to be complied by the registered taxpayers under the provisions of the GST Law as on April 1, 2021.
Insurance underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk.
A chartered accountant loan provides you with a substantial capital that can be used freely for any business-related expenses. It is also tailored to suit your financial profile and may have specialised features such as an extended tenor or a nominal interest rate.
It is proposed to add another Explanation to section 36(1)(va) clarifying that provision of section 43B does not apply and deemed to never have been applied for the purpose of determining the 'due date”.
Generally there are four rates such as 5%, 12%, 18% & 28% under GST. Also there are Zero rated, Nil rated and Exempted category under GST.
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GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
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