As all we are aware that recently MCA has notified 98 sections and all these notified sections are became applicable from 12/09/2013. Many of the sections of Companies Act, 2013 which have been notified on 12/09/2013 have provisions similar to that
1. Levy Vs. Collection of Service Tax - Concept 1.1 In any taxing statute, the statutory provision imposing levy of tax (i.e. the charging section) is of foremost importance. The parliament has levied service tax by enacting the Finance Act, 1994
The Target Plus Scheme (TPS) was introduced in the Foreign Trade Policy 2004-2009. The details of the scheme are enumerated under Para 3.7 of the Foreign Trade Policy and Para 3.2 of the Hand Book of Procedure and also in theNotification No. 32/20
In simple words "The recipient of goods or services is required to pay interest only on input tax credit utilized from e-credit ledger for payment of tax & not on whole amount of input tax credit to be reversed".
FAQs on Gifts received by an individual or HUF
Used to wake up @10 but suddenly eyes open at 6.30 ,have a feeling of achieving something. Actually the journey begins with inspiration from my best well wisher and friendSaumil Raval and we planed to join the CA Foundation after com
Now that we know the scenarios which lead to clubbing of income, we could efficiently work around this very premise to save taxes. There is a fine line of difference between tax saving and tax evasion, spilling over from one to another could mean
50 Kurkure FAQs for CA's, Advocates and Revenue Officers
CBDT has vide Notification No 32/2019-Income Tax Dated 01/04/2019 released the new ITR Forms for AY 2019-20. While there is no change in ITR-1 (SAHAJ) meant for...
As per the Guidance Note of the ICAI, �The Council of the Institute of Chartered Accountants of India has issued Accounting Standard (AS) 21 'Consolidated Financial Statements' which lays down principles and procedures for preparation a
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English