Violation of Section 269SS and 269ST Background of Insertion Various legislative steps have been taken by the Finance Act, 2017 to curb black money by discouraging cash transaction and by promoting theRead More…

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tiresome GST formalities and pay GST at a fixed rate on turnover. This schemeRead More…

FORM GSTR – 9 is to be filed which is known as Annual return. It is compilation return of all Intra and Inter State Outward/ Inward Supplies made during the particular financialRead More…

The Rule 12A of Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 provided that ‘Every individual who has been allotted a Director Identification Number (DIN) as on 31st March ofRead More…

Section 80C: Deduction in respect of payment of Life insurance premium, Children Education Expenditure etc. 1. Payment of tution fees to any university,college,school or any other educational instituion situated in India forRead More…

An entity cannot survive in an isolated environment.Its existance depends upon the external factors even called as the business environment. Hence, it becomes the obligation of an organization to look after theRead More…

Budget Highlights : 1. Income Tax A. Interest on House Loan Deduction – Section 80 EEA It was increased by Rs. 1.5 Lakhs for Interest on home loan taken on self occupiedRead More…

Advance TAX Any amount which is paid as a tax on income earned or received, before the end of the financial year is called an advance tax. It is also called aRead More…

The Union Cabinet Ministry led by the Prime Minister Narendra Modi gave its endorsement to various amendments to the FDI Policy in a Press note of last year. Foreign Direct Investment (FDI)Read More…

The Government in the recent few months has been aggressively trying to plug escapes in the start-up ecosystem to ensure that only genuine businesses get the perks of tax saving and angelRead More…