The objective of Section 37 is to claim business expenditure incurred by the assessee which is not covered under sections 30 to 36 as deductions. Thus, this section is as a general section for claiming deductions.
In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.
Property, in the form of real estate, a piece of land, or an apartment or house, is considered to be fairly good investment option. Simple investors feel happy and contended when they invest their money in a property and expect it to give them grand
Arjun (Fictional character): Krishna, From April 2016, Maharashtra Sales Tax Department has introduced new SAP system and brought various changes in VAT returns. Now bill wise details will have to be given for sales and purchase and many more changes
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Another 28 days left for 2016 to begin and hence its an high time that we should prepare ourselves for couple of very strong ride to be witnessed in the equity and global macro. 2016 will be a power pact year where we will witness some very string e
This article contains various Compliance requirements under Statutory Laws. Compliance means �adhering to rules and regulations.� Compliances under:
Karneeti- Part 306. Understand all the new notifications issued by the government in GST and how to go forward with them.
Interim Budget Expectations 2019-20. ..
Post the implementation of the LPG Act in 1991, the demand for Chartered Accountants has seen a hike, especially during the last 2 decades, it has been in great demand.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English