Popular Articles
Section 54D - Exemption from Capital Gain on Compulsory Acquisition of Land or Building forming part of Industrial Undertaking
To encourage the assessee to carry the business undertaking, exemption under section 54D of the Income Tax Act, 1961 is provided. Let us understand in detail about section 54D.
High-net-worth individuals turn to LLPs for tax optimisation
In this article, I will discuss a Tax planning strategy for High net worth Individuals (HNI) to save their taxes
TDS on sale of property under migrated E-filling portal
As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.
FAQs on GSTR-4 Form (Annual Return)
orm GSTR-4 (Annual) is annual return which all Composition Taxpayers are required to file a return on annual basis after the end of the Financial Year which was rolled out from 01-04-2019.
How should the e-TDS/TCS return be prepared?
e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website and NSDL-TIN website
Case Study on FEMA - RBI slapped Rs 125 Crore on Reliance Infrastructure
The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company.
Tax deduction allowed on LTA
Leave travel assistance (LTA) is generally paid as a part of the remuneration of employees. With some proper planning, an employee can save some tax through this mode. The LTA amount is received from the employer towards a journey within India. LTA i
Attention: Restrictions on availment of ITC as per GSTR-2A from 1st January 2022
What is the new amendment that has been notified by the CBIC in respect of claim of ITC which will be applicable from 1st Jan 2022?
Trust Taxation- Amendments
In this article, we understand the Amendments in Trust Taxation bought in by the Finance Act 2020 and keeping in view, the aftermath of COVID-19 pandemic.
Interview Dont's - Part I
The Final Results are out a week before and so after an emotional week, u must have started thinking about "What Next".?? So many of you would have started applying for jobs per say. The Campus Placement will be conducted by our Institute
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