An article on demonetisation and legal tender
AMENDMENTS IN SECTION 9(1) OF DVAT ACT. Before I express my views on the recent amendments in Sub-section (1) of Section 9, I would like to share a story with you. A person sitting with a cup of Tea surrounded by intelli
Waiver of Loan Interest Loss Tax and Accounting Effect By Notional Figure I am dissecting the Difference as a waiver of Loan and OTS amount as per below. Total Waiver- 1- On account of Principal Amount of TL- 50 CR 2- On Account
The huge cost incurred in the acquisition of a house is bad but a massive loan spanning over the majority of a person's life isn't any better. This is why today, we explore the financial journey of buying a home without a loan.
Source:-The Notification No.2/2015 on dated 13.07.2015The Notification will come into effect from the date of issue.By this notification the process of verification after e-filing of any Income tax return has been modified only.Before this notificati
Quick glance at new sections inserted in IT Act 1961 with examples
A Joint venture is an arrangement in which 2 or more individuals /companies / partnership firms /corporations/legal entities come together to undertake an economic or research activity by entering into an ag
IFRS and Transfer Pricing as per Income Tax Act, 1961 The bundle of IFRS that we have in the pipeline is no kith and kin for the existing Transfer Pricing concepts. IFRS dwells predominantly on the ‘Fair Value’ concept. Majority of these
Deemed Services under Service Tax As per Section 68 of the Finance Act, 1994, the person providing the taxabl
Creation of charge is one of the essential elements for raising finance/funds from institutes so that the lender is ensured th
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