Popular Articles

Further clarification on MSME FORM I

Manju Laur 26 February 2019 at 11:10

In relation to notification issued by the Ministry of Micro, Small and Medium Enterprises, dated 02nd November

Intangible Assets - An yardstick to measure company's value

CA Rashmi Ainapur 20 July 2012 at 11:14

Introduction: Measurement or Valuation process aims at estimating the value of asset, liability or a firm, based on risk and return factors. Valuation may be of company as a w

Concept of "Deemed Owner" under the Income Tax Act,1961

CA Mehul Thakker 08 August 2020 at 10:41

The head "Income from house property" is one of the significant heads of income while determining the total income of a taxpayer. This head is a notional head of income.

Eligibility of Input Tax Credit under GST

CA Roopa Nayak 28 September 2018 at 11:34

BackgroundIn GST regime, input tax credit is available to registered person on goods and services used in course of business of making taxable supplies, subject..

How will doubling of GST exemption limit benefit small businesses?

Subrato 16 January 2019 at 11:14

Recently, a major breakthrough in the GST has come across which is surprisingly good news for the MSME sector.The GST department has decided to increase the exe..

Reverse- Joint Charge - Possible Way Out

Madhukar N Hiregange 07 June 2013 at 11:29

Reverse- Joint Charge Under Service Tax- Possible Way Out CA Madhukar N Hiregange The common citizen, the trader [ big & small] , small scale service providers, manufacturers who in normal course are not providing services would not be registere

Re-Registration u/s 12AB for Trust/Institution

Kush Shah 28 July 2021 at 09:36

All the existing trusts and institutions registered u/s 12AA shall re-register themselves u/s 12AB w.e.f. 01.04.2021. Registration granted u/s 12AB shall remain valid for 5 years.

Exemption Under Section 54GA

Neethi V. Kannanth 30 April 2021 at 09:47

Section 54GA provides for an exemption from capital gain arising on the transfer of a capital asset used for the purpose of business in an industrial undertaking situated in an urban area to an industrial undertaking situated in any SEZ.

Let GO of EGO!!

Nikita Jain 13 July 2010 at 10:58

My fathers favourite line rings into my head so often as I have grown up being constantly told and reminded that "EGO IS THE ROOT CAUSE FOR SORROW". I honestly dint understand the grave meaning involved with the one simple line initially..

Extension of GST Annual Return: Much needed relief

Guest 27 August 2019 at 10:03

The Central Board of Indirect Taxes and Customs on the 26th August,2019 vide Order No. 7/2019-Central Tax extended the due date to file GSTR-9/9A/9C from 31st August 2019 to 30th November 2019.