Popular Articles

How Indian Model of GST would be a Destination Based Taxation

ARPIT HALDIA 09 December 2015 at 11:15

Understanding Goods and Service Tax # 2:Concept of Origin and Destination Based Taxation and how Indian Model of GST would be a Destination Based Taxation By CA Dr Arpit HaldiaThe fact that GST is destination based taxation is widely acknowl

Section 194A | TDS on Interest (Other Than Interest on Securities)

CA.R.S.KALRA 09 January 2021 at 09:32

In this article, we discuss all about Section 194A of the Income Tax Act 1961, which deals with the TDS on Interest (Other Than Interest on Securities), including its threshold limit, rate of TDS and recent amendments.

Exceptions to Restriction on Cash Payments under Section 40A(3) of the Income Tax Act, 1961

Ritik Chopra 16 July 2021 at 09:25

Rule 6DD provides certain cases under which no disallowance u/s 40A(3) shall be made where any payment of sum exceeding 10,000 or 35,000 is made otherwise than by a crossed cheque or a crossed bank draft.

Benefit to Implement NFRA to Small CA Firms

Manoj Kumar Gupta 22 January 2013 at 15:36

Everybody is acclaiming that constitution of National Financial Reporting Authority (NFRA) will make professionals more responsible towards wrongdoing. They will bring more stringent rules and policies. They will have the last word on accounting and

Advance rulings under GST clarified by CBIC

Anoop Gupta 07 July 2020 at 15:22

The purpose of advance rulings is to help an applicant who is already a registered taxable person or is liable to be registered to provide clarity and understanding with regards to any supply which is to be undertaken and which might create an issue with the GST authorities

Tourism sector: Abatement a major component of service tax

MONISH BHALLA 18 February 2010 at 23:52

We are engaged in tourism and hospitality industry. We understand that point-to-point journey falls under a different category whereas long trip holidays are governed by another set of principles of service tax which creates confusion. Can we classi

Wealth Tax part 1

*RENU SINGH * 07 November 2011 at 12:08

Wealth tax :- As per section 3(2) of the wealth tax 1957, from 1993-94 , every individual , HUF and company is liable to pay wealth tax. Wealth tax is charged on the basis of The quantum of net wealth chargeable to tax under the Act. The time

Benefits under the Company Law Settlement Scheme 2014

Ashish makhija 17 September 2014 at 12:10

Compliance is the BuzzwordThe success of every amnesty scheme depends on the benefits it provides to the delinquents. Under Company Law Settlement Scheme 2014, the defaulting companies[1] and its d

Deduction under 80D & Tips before investing in a health insurance plan

CA (CS) Ujjwal Jindal 10 June 2020 at 15:52

Section 80D| Deduction in relation to Medical Expenditure

New functionalities made available for Taxpayers on the GST Portal (Oct - Dec 20)

Suhasini 22 January 2021 at 15:36

New functionalities pertaining to Registration, Returns, E-Way Bill, Advance Ruling, Taxpayer Dash Board and Search Taxpayer Functionality made available for Taxpayers on the GST Portal (Oct-Dec 20)