The startup culture is full of people who try to, want to but are not able to get their business up from scratch. The reason for this is, number of entrepreneur..
The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on purchases used for taxable supplies. However, there are situations where previously claimed ITC needs to be reversed.
Income-tax Act, 1961 permitting deferral of the timing of TDS deduction on ESOP prerequisite from the employees.
Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.
5 easy steps to AIRThe data structure (file format) in which the AIR is to be prepared is given below: Data Structure (File format)Prepare AIR in accordance with the file format in clean text ASCII format. AIR can be prepared using in-house software
An appreciable step is taken by Ministry of Corporate Affairs by introducing E-Form INC-32 under SPICE scheme vide MCA's notification dated 01/10/2016 notif
Since there were key amendments in the original draft of the GST Bill that was passed in the Lok Sabha last year, the GST Bill is, once again, sent back to the ..
Rothbard writes about the perils of turning gold and silver into paper notesAuthor : Vivek Kaul/DNAWe all use money in our everyday life. But how did the idea ..
"Input Tax" in relation to a taxable person means the Goods and Services Tax charged on any supply of goo
Many of us expect life to be smooth and without any challenges. But the reality is that life is made of day & night, happiness & sorrow and success & failures. The sooner we accept this duality of life, the better it is for us.
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