Popular Articles

GST Bills passed in Lok Sabha - Significant step towards July 1 rollout

Bimal Jain 30 March 2017 at 13:40

GST Bills passed in Lok Sabha - Significant step towards July 1 rollout

Director Identification Number

*RENU SINGH * 25 May 2011 at 11:32

1. What is Director Identification Number (DIN)? It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 266A & 266B o

Scrutiny of Taxpayer by Income Tax Department

Taxblock 14 September 2022 at 08:50

The scrutiny aims at providing an opportunity of being heard to the accuracy of the return through documentary evidence.

Is GST payable on sale of units/flats to landowner for free?

Parth Shah 05 June 2020 at 10:24

Is GST payable on sale of units/flats to landowner for free?

Bank audit of working capital loan limits

Kotte Murali Krishna 25 March 2022 at 14:17

The SBA should verify the details of stock statement dated 31st March of 2021 submitted to the bank and the values of drawing power claimed therein with the values reported in audited balance sheet of 31-03-2021

Analysis of GST Notifications Issued on 17th June 2021

CAJayprakash Pandey 19 June 2021 at 11:05

CBIC has clarified that services provided to an educational institution by way of serving food is exempt from levy of GST irrespective of its funding from government grants or corporate donations.

NPS Tier II Tax Saver Scheme 2020 & Benefits

CS Lalit Rajput 11 July 2020 at 16:01

Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS.

How to Apply for a Lower Tax Deduction Certificate?

Neethi V. Kannanth 12 May 2021 at 09:45

As per section 197, when the actual tax payable on the income of an assessee is lower than the TDS to be deducted by the payer, then the AO shall grant him a certificate upon the application made by the assessee.

Transfer Pricing - Flexing Muscles!

Shri Shri 27 November 2014 at 13:35

Recently the high court has ruled in favour of the Indian arm of Shell Plc in a tax case that made waves internationally in a transfer pricing case thereby affirming that it is not difficult to do business in India. The highlight is that the revenue

Set Off and Carry Forward of Losses : An analysis

Neethi V. Kannanth 18 May 2021 at 09:39

If there is any loss under any head of income, the assessee can set off losses against income. Discussing the two ways of setting off losses against income i.e. through Intra-head and Inter-head adjustments.