The 27th meeting of the GST Council held yesterday through video conferencing approved a new return filing framework which would be implemented in step-wise pro...
The new features of the Companies Bill 2009 The long awaited Companies Bill 2009 (the Bill) is now all set to ready and on its passing by the Parliament, would replace the existing Companies Act, 1956. The Bill was introduced in th
The GST philosophy was based on seamless credit not only of all taxes but all taxes used for business without restriction. This is not so.
We had earlier discuss in detail about the concepts of exemption of section 10 along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/
It is getting difficult for GST taxpayers to match their Book's ITC with GSTR 2B ITC because GSTR-2B contains ITC which is not only related to the current month ITC. Here is a Simple Equation for matching the same.
This ruling of SC will have a far-reaching effect, which has changed perception of using Partnership Firm to evade taxes. The SC has considered revaluation of the assets of a Partnership Firm is an event deemed to transfer of assets to the partners and hence taxable in the hand of firm.
10 Income Tax Amendments that are applicable from April 2023
Analysis of Retirement benefit (Gratuity)March 14, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at least five years. The employee is eligible for
For the period upto 01.04.2011, courts/tribunals allowed the credit however with advent of specific exclusion in the definition of 'Input service'
Life Insurance Premium:Life insurance policy can be taken on own life, life of spouse or child, child may be dependent/independent, male/femal
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English