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As Per notification no. 21/2012 dated 13.06.2012 no deduction of tax shall be made on certain payments by a person for the acquisition of software from another person.
Why Elon Musk was not born in India? The question isn't why he specifically wasn't born in India. The Question is Why People of India i.e. over 1.8 billion people, could not become Like Elon Musk?
Merely having a University/Educational Institution is not sufficient for applicability of Notification No. 45/2017 - Central Tax (Rate) and 47/2017 - Integrated Tax (Rate), for applicability of concessional tax rate of 5%.
Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during a financial year.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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Open Co Consulting LLP
New Delhi
B.Com
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CMNITY HIRE
New Delhi
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CAclubindia
