GST Update on applicability of unjust enrichment on refund of interest
The FM lately announced some changes in Direct Tax in the wake of COVID-19. The TDS and TCS rates were reduced by 25%. Various relaxations were also given in GST and Customs some time back.
Investing is an art which does require skill and understanding of many financial variables to make an informed decision
The definition of MSMEs has been changed by the FM, the investments and turnover limits have increased as per the new definition of MSMEs.
This article will give you a glimpse of provisions prescribed, the procedure involved, practical difficulties and time involved in the conversion of LLP into a private limited company.
TDS is Tax Deducted at Source. It is an indirect way for India's government to raise income tax at source. Union Finance Bill 2020 was presented by India's Finance Minister Nirmala Sitharaman which introduced various amendments for various income tax and the new tax regime for FY 2020-21.
GST laws contain Transitional provisions inter alia Section 140 of CGST Act, 2017 (similar provisions in State GST laws) enables the taxpayer to carry forward the unutilized input credit under the pre-GST regime and allow the credit of taxes paid on the stock as on 30.06.2017 as GST credit.
The moratorium on term loans has been further extended by three months by the RBI Governor in the wake of COVID-19.
Life insurance is the best tax saving investment because anyone investing in this product becomes eligible for tax benefits under section 80 C of the Income Tax Act of India, 1961.
Sec 139 of the Companies Act 2013 provides that every company shall appoint an individual or firm as an auditor of the company. Appointment of an auditor is subject to the Board of directors and members of the company at AGM or EGM
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