Articles by CA Alexandar Gazi

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Section 80GGB & 80GGC: Deduction in respect of contribution to political parties

Posted by CA Alexandar Gazi 18 March 2023 5607 Views

Deduction in respect of Contributions given by Indian Companies

TDS on transfer of immovable property

Posted by CA Alexandar Gazi 09 March 2023 7340 Views

Any person being a transferee of immovable property, other than the agricultural land, responsible for making payment to a resident transferor as consideration for transfer of any immovable property, shall deduct TDS @1% of such payment.

Sec 115BAC: New system for calculation of income tax liability of individual and HUF

Posted by CA Alexandar Gazi 02 December 2021 17289 Views

The Budget 2020 introduced section 115BAC in the Income Tax Act, 1961. The section is applicable for income earned for the periods starting from 01.04.2020 i.e. from the assessment year 2021-2022 this new system (optional) takes effect for the calculation of income tax liability of an individual and HUF.

GST on directors remuneration - Analysis based on CBIC circular

Posted by CA Alexandar Gazi 06 February 2021 2830 Views

GST on directors remuneration according to the entry no. 6 of Notification No. – 13/2017 –a company or body corporate shall pay GST on reverse charge basis on the amount of remuneration paid or payable to directors of the said company or body corporate and on the other hand Schedule III of the CGST Act, 2017

Reduced Rate of Income Tax for Domestic Companies - Section 115BAA

Posted by CA Alexandar Gazi 09 January 2021 3731 Views

Every domestic company can optionally choose to pay income tax @22% on its total income for any previous year relevant to the assessment year beginning on or after 01.04.2020

TCS on sale of goods- Section 206C(1H)

Posted by CA Alexandar Gazi 06 January 2021 20851 Views

Every seller of goods shall collect TCS @0.1% from buyer. Where buyer can’t provide PAN or Aadhaar Number to the seller TCS shall be collected @1% instead of 0.1%.

Section 194N| TDS on Cash Withdrawal

Posted by CA Alexandar Gazi 22 July 2020 3823 Views

TDS Section 194N was introduced in the union budget of 2019 by the Finance Minister, Nirmala Sitharaman. The section has been further amended in Budget 2020.

New GST rate on real estate sector

Posted by CA Alexandar Gazi 21 September 2019 2745 Views

The GST council in the 34th GST council meeting held on 19th March, 2019 at New Delhi decided new GST rates and other related issues on real estate sector. Foll...