Condition for Levy of Excise Duty 1) There must be goods.2) The goods must be excisable.3) Excisable goods must be manufactured or produced in India. Goods The Central Excise Act 1944 does not define goo
Very often many young entrepreneurs and some who are in consultancy business for quite a long time but struggling for a good number of clients asks about how to increase my
INPUT TAX CREDIT Q.1. What is input tax credit? A.1. Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer is entitled to claim a credit.
Article on Sponsorship Service Introduction: Service Tax is started with three Services, but now slowly it covers all the limbs of services. In Every Budget one new service will be introduced. With effect from 1st May 2006, Sponsorship Servi
New asset purchased in another person' name or in joint name-whether exemption u/s 54 & 54F available? Query:
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Introduction:One of the critical aspects of the Goods and Services Tax, or GST, is the taxability of �Sale of Capital Goods�. Many questions are pos
Survey Operations U/s 133A of the Income Tax Act Surveys u/s 133A of the Income Tax act, 1961 are made by Income Tax Department regularly. Survey is different than search and seizure operation which is commonly known as income tax raid. But wh
Every one of us is already trying our level best to understand the Service Tax provisions, but it is really difficult to cover up all that is written in the Finance Act.Lets get started:Question 1: What all are th
Chartered Accountants are a vital part of a company's financial wellbeing, and its sustenance is dependent on the CA's ability to ensure all the compl
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