Last year's Budget (Finance Act 2015) contained provisions for levy and collection of SBC.Vide Notification No. 21/2015-Service Tax, government notified levy of SBC @ 0.5% as stated in Finance Act 2015 on all taxable services, except those servic
One of the most common expenditure of the general public is on medical/health insurance. Deduction regarding health insurance is allowed if health insurance premium is paid during the previous year out of income chargeable to tax and it is paid by any mode other than in cash.
Finance Act, 2016 imposed TCS on cash sale of goods or services with effect from 1-6-2016. New Sub Section (1D) of Section 206C is as follow: Every person, being a seller, who receives any amount in cash as consideration for sale of bullion or jewell
Failure-Attempt-Failure can be a vicious circle for many CA students and it becomes quite a frustrating experience to get off from the loop. The life seems to
CA Final ISCA - Important Questions May 2017
The author in this article has summarised the Covid -19 relief measures under GST for the taxpayers
Sometimes you may have received a portion of your salary in arrears or in advance, or you may have received a portion of your family pension in arrears or in a..
ETHICS FOR LEADERS CA Madhukar N.Hiregange Where the mind is without fear and the head is held high, into the heaven of freedom my father let my country
Income Tax law must have suffered the most volatility and changes since enactment in 1961. Government has been twisting it at will in order to extract more and more revenue. This must have the dubious distinction of being subject matter of highest li
It appears that this Circular / Press note especially the part on the coverage in audit may have been at the behest of the members who are going to certify. The..
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English