Time of supply means that time at which we consider our goods/services to be supplied. Once goods/services are considered supply GST shall be charged on them. Time of supply means date on which our liability arises to pay GST.
Well-known trademarks are outcome of substantial and widely used mark.
As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.
The New Consumer Protection Act, 2019 published in the official gazette on 9 August 2019 will replace the 34-year-old act and come into effect from July 20, 2020.
Information being received by the Income Tax Department from the filers of Statement of Financial Transactions (SFTs) now being shown in Part E of Form 26AS
The new Form 26AS will give all the information of the Annual Information Return as well. It will benefit the honest taxpayers.
TDS Return might have to be revised due to reasons like incorrect challan details or PAN not provided or incorrect PAN provided, short deduction or short payment.
Historically, it has been observed that, gold prices indirectly mirror the state of the economy the relationship being inversely proportional.
A Trademark is an intellectual property, the same as a physical property like land. Just like an owner of land has the right to sell or transfer his/her property, in the same way, the owner of a trademark also has the right to do the same to his/her trademark.
Gift received from relatives is exempt. Gift received on other occasions (e.g. gifts on birthday, etc.) from the non-specified person shall be taxable under the head income from other sources.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
