Popular Articles


Cash refund of unutilized credit impermissible on closure of business

Posted by Bimal Jain 24 December 2019 13298 Views

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



A brief about GST

Posted by CA L Gopal Shah 03 February 2015 13297 Views

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



Key Highlights of Draft Model GST Law

Posted by Bimal Jain 17 December 2016 13295 Views

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...



Mandatory bomb again attacks indirect taxes in Budget 2015

Posted by Anandaday Misshra, Advocate 04 March 2015 13292 Views

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 Some welcome proposals under Income Tax

Posted by Admin 01 March 2008 13292 Views

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 and Inter GST Credit

Posted by CA MOHIT SINGHAL 10 August 2015 13290 Views

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



Frequently Asked Questions on NEFT System

Posted by Harish Chandra 11 July 2011 13289 Views

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



Taxability of managerial remuneration

Posted by CA Amrita Chattopadhyay 19 December 2020 13288 Views

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



Be calm and prepare well for Nov 18 Exams

Posted by CA Anurag Sharma 30 March 2019 13287 Views

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...



Tax planning & To do list before 31st March 2021 - Capital gain tax perspective

Posted by JINESH MEHTA 18 March 2021 13284 Views

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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