Amendment made in Section 206C (1H) of the Income Tax Act regarding the liability to collect TCS @ 0.1%, on the sale value exceeding Rs. 50 lakh for each buyer...
Is Parking area a lease or a non-lease component as per Ind As-116?
Computer Age Management Services Limited (CAMS) is set to launch its IPO on 21st September 2020. The Company has offered to sell 1,82,46,600 equity shares by which NSE Investments will completely exit from the company.
Inadequate oversight by financial regulators resulting in regulated entities practising random ways to generate revenue
It is true that you can learn much more from failure than from success, and it is true that every successful person went through a series of failures before reaching the top.
The concept of returns under GST saw magnanimous launch 3 years ago in 2017 fumbled all it’s way throughout and landed on a seemingly middle ground abridged version of return filing which was originally considered only as a makeshift mechanism and unfortunately became the only functional modus.
To prevent the practice of receiving a sum of money or the property without consideration or for inadequate consideration, section 56(2)(x) brings to tax any sum of money or the value of any property received by any person without consideration or the value of any property received for inadequate consideration.
The government has announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961, and the Finance Act (No. 2), 2019.
But the moot question that came was whether this interest has to be paid on Gross liability or net liability paid in cash.
Apart from differences in the perseverance in accounting and financial terms, the least we can predict is the future of both. The year 2020 has already been a year of financial loss and the loss did not hinder a state or a country, but the world has been suffering lately.
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GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
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