If a person has opted for a presumptive scheme of taxation u/s 44AD in any one year then they have to remain in the umbrella of section 44AD for the next 5 years.
Reflection of input tax credit in electronic credit ledger does not amount to availment or utilization of credit- Patna HC
Deemed Dividend Deeming fiction - a fiction resorted to by parliament for defying the law of literal interpretation. Whether it be Central Excise Act, 1944 [concept of deemed manufacture u/s 2(f)(iii)] or Income Tax Act, 1961 [concept of deemed divid
UTILISATION OF CENVAT CREDIT FOR EDUCATION CESS PAYMENT A MANUFACTURERS PERSPECTIVEBy CA Srikantha Rao T The introduction of Cenvat Credit Rules 2004 which facilitated cross utilization of credits in terms of Service Tax on input servi
Relevant For May 2011 and November 2011 examinations The major changes for May 2011 and November 2011 examinations are made in the January 2011 edition of the Study Materials which are given hereunder Financial Reporting Chapter 1
Due Dates & Provisions for Paying Taxes under GST Act
Weigh your Words, before you speak Words, mans discovery, are his medium of conversion. They are so powerful and authoritative. They reflect or mirror our thoughts and feelings. We have to think about our words, understand our words, wat
INTRODUCTION: The central theme of this article is the liabilities of an awarder under the Kerala Value added Tax Act 2003 (hereinafter described as Act)..
What You Must Know New Income Tax Rules?
Basic Structure of the Budget The government is accountable to the Parliament in its financial management. With the constitutional supremacy of the bicameral Parliament, especially of the Lok Sabha-, every single financial act is processed and pas
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