The CGST (Amendment) Act, 2018 has amended section 49(5) and inserted Section 49A and 49B which has drastically rationalized the utilization of ITC. This articl..
Well, before you invest your hard-earned cash in Mutual Funds, make sure you tick off this checklist first.
Introduction-GST Council in its very first meeting of year 2019, gives compliance relaxation to service provider/supplier, (having turnover upto 50 lakhs) by pr..
REAL ESTATE IN INDIA AN EMERGING SECTOR REAL ESTATE has generated immense interest in recent times. With the growing pace it has attracted investments not just from India but from overseas also. Even though after being a part of real estate ind
Control Self Assessment- an effective IFC tool to increase operating effectiveness of Internal Audit Preamble For long internal audit professional and practiti..
CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores.
India has now become the 3rd largest unicorn hub in the world and surpasses even major countries such as the UK, Germany, France, and more.
Permanent Account Number, is an essential identification number issued by the Income Tax Department of India. The Permanent Account Number (PAN) is a ten-digit alphanumeric code issued by the Income Tax Department.
We all know that cost of Bonus shares is NIL as per sec. 55(2)(aa)(iii) of the Act and in normal circumstances , the gain on transfer of Bonus shares shall be fully taxable in the hands of seller. However , Income Tax Act
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