Popular Articles

10 Things you may not know about PPF

Ramalingam K 20 June 2013 at 12:58

One of the popular, preferred, and preeminent tax saving investments is PPF Public Provident Fund. We all know about PPF. Do we know all about PPF? Let us discuss in detail about PPF in this article and understand it comprehensively and comp

IFRS with Indian AS

Vijay 16 July 2011 at 14:14

I.Indian Accounting Standards already issued by the Institute of Chartered Accountants of India (ICAI) corresponding to the International Financial Reporting StandardsAS 1 is based on the pre-revised IAS 1. AS 1 is presently under revision to bring i

Unveiling Power of Section 71: Accessing Business Premises under GST Act

CA Harshit Goyal 05 June 2023 at 08:57

Under Section 71 of the GST Act, any officer authorized by a proper officer, not below the rank of Joint Commissioner, has the authority to access the premises of a registered person's business

Software - A tussle between VAT and Service Tax

CS Priyanka Gupta 11 December 2015 at 17:05

In the current high-tech era, information technology has become an indispensable part of our life. India, being an IT hub, this fast growing industry is a major source of revenue. Hence, it becomes vital to assess the taxability of proceeds generated

Decoding Section 40(b) of IT Act

CA Mehul Thakker 03 December 2018 at 17:18

Decoding Section 40(b) of INCOME TAX ACT: Deductibility of INTEREST PAID TO PARTNERS in the hands of PARTNERSHIP FIRM.

New RCM for Promoter of Residential Real Estate Project

CA Shail Thakkar 18 April 2019 at 11:14

In case promoter of residential real estate project is paying GST at 5% or 1%.Then 80% of value of inputs and input services other than Services by way of gran