Section 45(2) states that conversion of Capital Asset into business asset has been treated as a transfer of asset and Capital Gain is attracted on such conversion.
Discussing the preparation strategy for the full course of IDT, together with the strategy to be followed 1.5 days prior to the exam and some exam related tips.
Parents play a very important role in determining their children's career. It is also said that all the actions taken by parents affect children, which is true in every situation.
In the Union Budget 2021, FM had proposed a major change in the Companies Act, which is related to the Status of Small companies, which is being determined by their capital and turnover.
In our conversation with Girish, he talks about the importance of learning and accepting failures as much as success. He also threw light on hardwork and determination being one's responsibility for the exams.
The process of LLP registration online in India is very easy. The applicant only needs to submit the documents online to the Register Experts and they will provide you with the certificate of incorporation with 10-15 days.
It is expected that the GSPs shall provide the tax payers with all services mentioned above in addition to maintaining their individual business ledgers (sales ledger and purchase ledger) and other value added services around the same.
In this article, we will discuss how to set off loss from one source against income from another source within the same head of income, i.e., inter source set off [Sec. 70]
Section 139(4) says if you have skipped the due date for filing ITR, you can file a belated return with a penalty for belated return of Rs 10,000.
Only minimum changes that are required due to amendment in the Income Tax Act have been incorporated in the ITR forms. Some of these changes have been listed in this article.