Interpreting and analyzing Financial Statements by keeping in mind GST, Customs, FTP rules and regulations, helps to focus on critical areas, reduces costs and results in client satisfaction.
There is no specific mention of Interest on Unutilized Credit reversal. Rules marked regarding the charging of Interest u/s 50 (1) cannot override the section in which there is no Interest mention on reversal of unutilised ITC.
In this article, we will be discussing certain legal ways in which an individual can actually save some chunk of their money and not give it all away as taxes.
Update Category GST exemption on the upfront amount payable in installments for long term lease of plots Update Source Not..
Employees are encouraged to travel anywhere in India along with their families and to help the employee the travel expenses are given by the employer which is exempt u/s 10(5).
Companies Bill 2012 - Read between the lines cs amitava banerjee The groundwork on the bill started way back in 2005 with the JJ Irani Committee report in May 2005.However the bill passed on the 18th January
Assets belonging to others but includible in the net wealth of the individual :- Sometimes people transfer their wealth to the relatives for escaping from wealth tax. Gift made by book entries are also taxable as wealth until the wealth tax officer
A new year resolution is a promise to self that from new year, start doing something good and meaningful in life. On the other hand, stop doing bad habits or unhealthy practices from the new year.
Depreciation on leasing? An ageing puzzleUnder the Income Tax law, two most important conditions for tax depreciation claim pertain to ownership and usage of the asset. As is the case on any other contentious matter, history is replete with judicial
Introduction:The shareholders of joint stock companies are too many and are drawn from through
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English