The income of a previous year is assessed in the assessment year following the previous year. However, there are certain exceptions to this rule. Let us understand those.
Understanding section 68 of The Income Tax Act, 1961 with case laws and illustrations.
There are numerous situations under which it is not possible to find out the real person to access tax on, due to various reasons. Read the article to know who may be liable under these circumstances.
The Faceless Appeal Scheme, 2020 came into effect via a notification dated 25.09.20. Know all about the scheme here.
What is the taxability of Cost and Profit Petroleum under the GST Regime? Read the article to know all about it.
Hospitality Industry - Does handing over business operations and premises, equate to lease, or hiring a sub-contractor?
RBI has directed the banks for putting in place the system for the automation of NPA, latest by 30th June 2021. Read some of the highlights of the circulars here.
House Rent Allowance (HRA) is the second component that is found in each payslip after the basic salary. There are numerous doubts regarding this provision. Some of the popular questions have been answered in our article.
A reduction in the statutory rate of EPF contribution from 12% to 10% came into place in order to increase the take-home pay for employees. Read the FAQs on this measure here.
Illustrations for Understanding Significant Beneficial Ownership - Part 3
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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