Equalisation Levy is to be charged at the rate of six per cent of the amount of consideration received or receivable by a non-resident.
Insurance fraud occurs when people deceive an insurance company in order to collect money to which they are not entitled.
The new Consumer Protection Act 2019 came into force on the 20th of July. The act will replace the 34 years old act
For export of service, the provider should be in India and recipient outside India. But when they have clearly said that recipient is Indian company then it is clear that it will not be termed as export of service.
Time of supply means that time at which we consider our goods/services to be supplied. Once goods/services are considered supply GST shall be charged on them. Time of supply means date on which our liability arises to pay GST.
As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.
Information being received by the Income Tax Department from the filers of Statement of Financial Transactions (SFTs) now being shown in Part E of Form 26AS
The new Form 26AS will give all the information of the Annual Information Return as well. It will benefit the honest taxpayers.
Historically, it has been observed that, gold prices indirectly mirror the state of the economy the relationship being inversely proportional.
A Trademark is an intellectual property, the same as a physical property like land. Just like an owner of land has the right to sell or transfer his/her property, in the same way, the owner of a trademark also has the right to do the same to his/her trademark.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English