Popular Articles
Concept & Meaning of Turnover in Tax Audit
'Turnover', 'Gross Receipts' and 'Sales' are the buzzwords during this Tax Audit season. Incidentally, they are the very starting point of a Tax Audit. They form the qualifying criteria, determine whether a taxpayer is liable to tax audit during a given year.
ITR4S : Presumptive taxation
ITR-4S is a special case ITR, applicable for businesses where income is calculated on 'presumptive method'. In simple words the presumptive method lets you report your income as 8 per cent of your gross receipt
Issues of GST ITC in Lockdown of Business
Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna
Introduction of goods & ST in 2016 - A myth or reality?
Media reports and press statements by Government Officials seem to suggest that the Union Government is keen to introduce Goods and Service Tax in the year 2016. While they themselves have given hope of its implementation from 1.4.2016, there seems t
Dont Fear Tax Audit, Know the Benefits Instead!
Tax Audit is a reporting of transactions keeping in mind different sections of Income Tax Act (ITA). The provision of tax audit is reported in Form 3CD which is prescribed under Rule 6G of the Income Tax Rules, 1962.
Art of Legal Writing: Impact and Analysis
This article is a humble effort on the given topic as a learner. It is an effort on a subject, which as a part of legal profession; I know is the one of the most important but yet an underrated area known as Legal Writing. Public perceives legal prof
Decoding the Google Tax
What is Google TaxThe central government is set to impose an �Equalisation Levy� of 6% on cross-border digital transactions whose value exceeds Rs 1 lakh. Popularly called the �Google tax�, this is an indirect tax on foreign c
Place of supply of goods or services
It is newly added clause in the draft GST law for determining place of supply of services where location of service provider or the location of service receiver...
Guide to revocation of cancelled registration of GST
1. When can I apply for revocation of cancelled registration?A taxpayer can apply for revocation of cancelled registration, whose registration has been suo moto...
Private Placement of shares under the companies act 2013
(As amended by the Companies (Amendment) Act 2017 and Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018)Private placement of share...
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