The Finance (No. 2) Act, 2019 has inserted a new seventh provision to section 139(1) to provide for mandatory filing of return of income for undertaking certain high-value transactions even though the person is otherwise not required to file a return of income.
1. Non-applicability of Section 206AA to non-residents to whom Section 139A does not apply on account of Rule 114AAB: Section 206AA provides that any perso..
Distractions during study hours has proven to be a problem for everybody. Let us uncover some of the ways to tackle those distractions and work on increasing our overall productivity.
Amendment made in Section 206C (1H) of the Income Tax Act regarding the liability to collect TCS @ 0.1%, on the sale value exceeding Rs. 50 lakh for each buyer...
Is Parking area a lease or a non-lease component as per Ind As-116?
Computer Age Management Services Limited (CAMS) is set to launch its IPO on 21st September 2020. The Company has offered to sell 1,82,46,600 equity shares by which NSE Investments will completely exit from the company.
Inadequate oversight by financial regulators resulting in regulated entities practising random ways to generate revenue
It is true that you can learn much more from failure than from success, and it is true that every successful person went through a series of failures before reaching the top.
The concept of returns under GST saw magnanimous launch 3 years ago in 2017 fumbled all it’s way throughout and landed on a seemingly middle ground abridged version of return filing which was originally considered only as a makeshift mechanism and unfortunately became the only functional modus.
To prevent the practice of receiving a sum of money or the property without consideration or for inadequate consideration, section 56(2)(x) brings to tax any sum of money or the value of any property received by any person without consideration or the value of any property received for inadequate consideration.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
