Popular Articles

Interpretation of amendment in Rule-7 (DVAT Rules 2005)

CA Arindam Shukla 11 December 2015 at 17:05

Amendment of rule 7. - In the Delhi Value Added Tax Rules, 2005. Amendment: - . (i) In sub-rule (I), in clause (b)', the following proviso shall be inserted, namely:- "Provided that in case of cigarettes (irrespective of form and length)

Impact of GST on Automobile Industry

Rohit agarwal 03 August 2021 at 08:33

Domestic automobile sales increased at 1.29% CAGR from FY16 to FY20, with 21.55 Million vehicles sold in FY20. In April 2021, the production of passenger cars, three-wheelers, and two-wheelers reached 1,875,698 units.

Abolition of levy of wealth-tax under Wealth-tax Act, 1957

Sensys Technologies 21 May 2015 at 10:52

History of Wealth Tax ActWealth-tax Act was introduced w.e.f. 01.04.1957 on the recommendation of Prof. Nicholas Kaldor forachieving twin major objectives of reducing inequalities and helping the enforcement of Income-tax Act through cross checks.Acc

Income Tax Benefits Available to Individuals and HUF - Part 4

Neethi V. Kannanth 26 May 2021 at 09:31

This is the last part of the article series related to Income Tax Benefits Available to Individuals and HUF. We will now be discussing about the remaining deductions under Chapter VIA, TDS and advance tax provisions and about exemption from Filing of Income Tax Return

All about Input Service distributor

Mayank Mandora 29 August 2018 at 16:31

Section 20: Manner of Distribution of Credit by ISDQuestion 1: Who is Input Service Distributor (ISD)?Answer: As per Section 2(61) an ISD means and office of th..

Section 194BB | TDS on Winning from Horse Races

CA.R.S.KALRA 12 January 2021 at 10:00

Any person, who is responsible for paying to any person any income by way of winnings from any horse race an amount exceeding Rs. 10,000 (Rs. 5,000 up to 31.5.2016) shall deduct TDS @ 30%.

Section 186 of the Companies Act, 2013 - Need for a judicial review in certain areas

Ramaswami Kalidas 05 September 2022 at 12:39

As compared to its predecessor clause, the present Act is inflexible for several reasons. For one any loan/investment made into a wholly owned subsidiary will be included for the purpose of determining the thresholds prescribed.

A piece of an expert advice in advance is worth more than a frantic haste

CA CMA CS Ram Pavan Kumar Melam 01 August 2016 at 10:35

TRANSFERRING AN IMMOVABLE PROPERTYThere are five main categories of property transfers namely sale / purchase, mortgage, lease, gift and exchange. These five ca..

House Rent Allowance and its exemption calculation

CA. Akshat Parakh 06 June 2023 at 09:06

For salaried employees house rent allowance is a component of their salary. Unlike basic salary HRA is not fully taxable, a part of it is exempted u/s 10(13A) of Income Tax Act, 1961.

Securities Appellate Tribunal (SAT) - An Insight

Amit Bavishi 13 July 2015 at 10:45

This article deals with an insight in Securities Appellate Tribunal (SAT), a body formed by SEBI Act, 1992.Section 15K of SEBI Act, 1992 empowers the Central Government to set up one or more Tribunals, for the purpose making appeals against the order