Popular Articles

Certificate under Rule 37BB of Income Tax Rules, 1962

Posted by Milind M. Kulkarni 01 October 2014 96250 Views

Requirement for certificate of an accountant under Rule 37BB, or certificate in form 15CB as it is popularly known, originates from Section 195 (6) of Income Tax Act, 1961 (“the Act”) which requires a person making payment to a non reside

Sale during Import or Export - as per CST

Posted by Ravikumar.G 29 September 2007 96250 Views

Sale in course of exportArticle 286(1)(b) of Constitution of India prohibits imposition of sales tax on import and export by State Government. Since charging section 6(1) of CST Act levies tax only on inter-State sale, naturally, there is no CST on s

Section 269ST : Penalty of Cash Transactions above Rs. 2 Lakhs

Posted by CA Piyush Agarwal 20 March 2024 96130 Views

You can repay your loan amount to any HFC (Housing finance company) or NBFC (Non-banking finance company) in cash provided each loan installment is less than Rs 2 lakhs.

The key highlights of the Interim Budget 2019-20

Posted by CCI Team 04 February 2019 95914 Views

The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Parli

Promoters of the company

Posted by Sumit Talreja 07 October 2015 95893 Views

Among many of the subject matter under Companies Act, 2013, one of the most heated and topic of endless discussion is �Promoters�. The Concept of promoters has been newly inserted and defined under Companies Act, 2013 as under the Compan

GST on purchases from Unregistered Suppliers

Posted by Naimish Padhiar 02 August 2017 95845 Views

Let's look at the critical provisions of the GST law which have enabled reverse charge mechanism :-

Rights in Rem and Rights in Personam

Posted by Mitali 18 October 2023 95804 Views

Rights in rem and rights in personam are two different legal concepts that refer to different types of rights in property law.

Cost of Acquisition of a Capital Asset acquired u/s 49(1)(ii)/(iii)(a) of the Income Tax Act, 1961

Posted by Bhaskaran Chackrapani Warrier 21 June 2013 95788 Views

COST OF ACQUISITION OF A CAPITAL ASSET ACQUIRED U/S 49(1)(ii) / (iii)(a) OF THE INCOME TAX ACT,1961. The income of a person has to be computed under any or all five heads of income for the purpose of levying income tax. Section 14

Online filing of Letter of Undertaking (LUT) under GST

Posted by CA Mayur Todmal 26 February 2018 95694 Views

Much awaited process: �Filling of LUT (Letter of Undertaking) under GST in now became online�. This is surely a good step towards automation of pro

No Need to file Service Tax Return if No Service Tax payable

Posted by Bimal Jain 12 August 2013 95687 Views

Dear Professional Colleague, No Need to file Service Tax return (ST-3) when no service is rendered during the relevant period and even not required to opt for VCES We are sharing with you an important judgement of the Honble Kolkata Tribunal