The Larger Bench (LB) of Bombay HC rules in favour of Revenue, holds that cash refund u/s 11B of the Central Excise Act, 1944 (�the Excise Act�) is
What is GST GST is a destination based tax levied on supply of goods and services Proposed Dual GST in India is to be levied concurrently by states and cent
Dear Professional Colleague,Key Highlights of Draft Model GST LawRecently, on June 14, 2016, the Government has put the Draft Model GST Law on public domain aft...
Onset of Mandatory Era Indirect taxes have finally fallen and infact seems to be more obsessed with the word mandatory. In first and interim budget of Modi Government, first bomb of mandatory aspect fall on all who wanted to exhaust the remedy of ap
Budget 2008 Somewelcome proposals under Income Tax1. Last date for furnishing returns of income is proponed by onemonth: suitable amendments are made U/s 139(1) and 115WB of the Act for fillingof the Income Tax and fringe Benefit Returns of Inco
Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer isentitled to claim a credit. The input tax credit has to be claimed by a dealer against tax invoicewhich can be adjusted
Q.1. WHAT IS NEFT SYSTEM? Ans: National Electronic Funds Transfer (NEFT) system is a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch. Q. 2. ARE ALL BANK BRANCHES IN THE SYSTEM PAR
Directors, who are not the Employee of the Company, is the remuneration paid to such independent directors, or those directors, by whatever name called, who are not employees of the said company, is taxable in hands of the company, on RCM
As, the time of exams approaches, the pressure starts to mount on students. My fellow members who are taking these exams must be feeling the heat too.There will...
We are in the month of March, Hence, it is extremely important to know the tax implication on stock market transactions and actions to take before 31st March 2021 as far as tax planning is concerned.
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