Popular Articles

Summary of TDS provisions in GST

Abhishek Raja 30 October 2021 at 09:33

TDS is to be deducted at the rate of 2% on payments made to the supplier of taxable goods/services, where the total value of such supply, under an individual contract, exceeds Rs. 2,50,000.

Indian Private Equity Focus on Agriculture

Indraneel Sen Gupta 19 April 2012 at 10:21

The three sectors of the Indian economy witnessed slowdown in 2011-12. Moderation in agriculture growth notwithstanding, the year witnessed an all-time high food grains output. The services sector reflected the slowdown in construction, while in

Bait Money check with respect to Concurrent Audit of Banks

Sahil Jolly 04 February 2015 at 10:26

Bait Money check with respect to Concurrent Audit of Banks The concept of Bait Money!Bait Money is a security feature used by various Banks/Bank branches. As its name suggests, this money kept with the Banks/Bank branches helps in tr

CBIC's Nationwide Sweep Exposes 10,000 Alarming Cases of Fake GST Registrations

Rashmi 27 May 2023 at 09:02

The Central Board of Indirect Taxes and Customs (CBIC) has launched a special all-India drive to combat cases of fake Goods and Services Tax (GST) registration...

FAQ on Taxable Income

jyoti 12 March 2009 at 13:53

FAQ on Taxable Income 1. What does the Income Tax Department consider as income? The word ‘Income’ has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility

Nothing's certain but death and taxes

CA. Chikkerur C R 15 December 2010 at 17:01

Advance Tax – Better to payOld saying; - Nothing's certain but death and taxes, Every Income Tax Asseesee whose Tax liability is more than Rs 10,000 must pay Advance Tax. Income Tax Assessee can be any one – Sala

Clarification regarding Annual Returns and Reconciliation Statement

CA Mayur Todmal 04 July 2019 at 11:29

The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM G..

Six recommendation of SIT Report on Black Money

Prabhakar K S 02 December 2016 at 11:42

The Special Investigation Team (SIT), headed by Justice M.B. Shah (retd.), submitted its fifth report to Supreme Court on methods to curb black money in the ec..

A simple guide to knowing your hourly billing rate

CA Saurabh Dwivedi 08 July 2022 at 14:08

What should be your hourly billing rate as a Freelancer or an Independent Professional?

High Time We Fix Our Judicial System

CA Anil Garg 27 March 2012 at 15:09

In world ranking on Ease-Of-Doing-Business in India, India ranks absolutely at the bottom of the world on the criterion of contract enforceability (in fact, last but one, with Latvia taking these honours). Late Palkhiwala used to describe India as