Popular Articles

Taxability On Directors Remuneration Under GST

Posted by R.P.Singh 19 December 2020 3769 Views

The issue of taxability on the director's remuneration always remains in controversy under the Service Tax as well as Goods and Service Tax Regime.

Currency Demonetization and all the fuss about it !!

Posted by karanvir singh 21 November 2016 3769 Views

Narender Modi recently announced currency demonetisation - This means that all legal tenders of Rs.500 and Rs. 1000 became invalid w.e.f 9th November.What it ...

Section 194IA | TDS on sale of immovable property

Posted by CA Himanshu Gandotra 26 April 2021 3767 Views

This section intends to cover the Gross receipts/Sale consideration received by the Seller on the sale of immovable property. TDS is to be deduced by the person paying the above consideration i.e. buyer.

Bird's Eye View on sum payable to micro and medium enterprises disallowed u/s 43B(h) of the IT Act, 1961

Posted by CA Anshu Bansal 27 February 2024 3766 Views

Section 43B of the Act provides a list of expenses to be allowed as deduction under the head 'Income from business and profession'. It states some expenses that can be claimed as deduction from the business income only in the year of actual payment and not in the year when the liability to pay such expenses is incurred even if the assessee follows mercantile basis of accounting.

Tax Implications on Reconstitution/Dissolution of a firm and Transfer of Assets to partners

Posted by CA Sufiyan Ganodwala 28 July 2021 3766 Views

Finance Act 2021 has made amendments to the provisions of the Income Tax Act, pertaining to the tax liability arising on the distribution of assets by the firm to its partners on its reconstitution or dissolution.

Recommendations of 40th GST Council Meet

Posted by CA Umesh Sharma 15 June 2020 3765 Views

The GST council has made recommendations for measures of trade facilitation including Reduction in late fees for past returns, Relief measures for small taxpayers & one time extension in period for seeking revocation of cancellation of registration. Let us discuss these recommendations in detail.

Income Tax Notices on the Rise: Top Triggers You Must Avoid in 2025

Posted by Poojitha Raam Vinay

28 November 2025 3763 Views

With digitisation, data-matching, and AI-driven analytics, the Indian Income Tax Department has become more vigilant than ever. As we move into 2025, the number...