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Posted On:  2 years ago


Points to be considered before taking business loan

Steps to be taken while raising loan from banks and some of the tips or considerations while taking loans from the banks/NBFC etc. Although it is subjective but I have gathered comprehensive guide on the basis of general policies followed by banks and other financial institutions.

article author CA Nikesh Sheth

Posted On:  2 years ago


Gift U/S 56(2).

List of relations from whom you can accept Gift U/S 56(2).

article author DARSHAN GANDHI

Posted On:  2 years ago


Reversal of CENVAT credit in case of flat sold after completion

Reversal CENVAT credit when some of the flat are sold by builder/developer after completion.

article author SAGAR BHALERAO

Posted On:  2 years ago


Service tax on maintenance charges of flat owners

There is one circular issued by Dept. which provides explanation on taxability of maintenance charges ie. monthly contribution collected from members used by the RWA(Resident Welfare Association) for the purpose of making payments to the third parties, in respect of commonly used services or goods [Example: for providing security service for the residential complex, maintenance or upkeep of common area and common facilities like lift, water sump, health and fitness centre, swimming pool, payment of electricity Bill for the common area and lift, etc.].

article author SAGAR BHALERAO

Posted On:  2 years ago


Law on foreign tax credit relief; Sec. 4, 5 subject to DTAA provisions

HC reverses ITAT’s ruling, allows foreign tax credit to Wipro on a portion of its Sec. 10A tax holiday income; On a thorough perusal of charging sections Sec 4, 5 & DTAA benefit related Sec 90. Income tax Act are subject to Sec 90 and by "necessary implication they are subject to the terms of the double taxation avoidance agreement

article author SACHIN SINHA

Posted On:  2 years ago


Compensation received on denial of appointment is not taxaable

Profit in lieu of salary u/s 17(3) should be interpreted strictly without deviating from the basic concept of Salary i.e. there must be employer employee relationship

article author SACHIN SINHA

Posted On:  2 years ago


ANNUAL FILING UNDER COMPANIES ACT 2013

ANNUAL FILING REQUIRMENT FOR Private Limited, Public Limited, Listed Company and Newly Incorporated Company for the year 2013

article author CS Perila Sheth

Posted On:  2 years ago


Filing of revise computation during assessment

Assessee can file revised computation of tax before the assessing officer any time during the assessment proceeding.

article author SACHIN SINHA

Posted On:  2 years ago


Sukanya Samriddhi Account

Just an addition to your knowledge about SSA (sukanya samriddhi account).

article author DARSHAN GANDHI

Posted On:  2 years ago


BATTLE ON GST : STATES V/S CENTRE

Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Centre is not having majority in Rajya Sabha; GST bill is lying on the tables of Rajya Sabha since past few months, awaiting the clearance therefrom. What are the reasons of conflicts between the States and Centre? What steps are taken by the Centre to make the States affirmative to GST implementation? Why the states are taking so much time to give green signals to GST bill? This article is an attempt to find answers to some of these questions.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Definition of Indian Tax (Direct and Indirect)

Brief description and details of Indian Taxation (Direct and Indirect)

article author Sidharth Gupta

Posted On:  2 years ago


File your Service Tax Return before Due Date to avoid Penalty and Interest

Every Assessee who has register for Service Tax and has Service Tax Number has to File Service Tax Return every 6 months before the due dates.

article author CA Chirag Chauhan

Posted On:  2 years ago


Excise Registration

Excise Registration, Documents required for excise registration

article author AMIT BHUTADA

Posted On:  2 years ago


GSTN- How far is privatization justified?

Introduction- Already so controversial bill of Goods and Service Tax (GST¬¬) had another controversy attached to it when The Empowered Committee (EC) of State Finance Ministers decided to incorporate Goods and Services Tax Network (GSTN), a Section 25 (not-for-profit), non-Government, Private Limited Company to provide IT infrastructure for implementation of GST. The main objective associated with formation of GSTN was creation of database. It will keep record of all the assessees and would connect the databases of the centre and all the states thereby comprising a large amount of sensitive and critical information. Along with providing a common portal to all the assessees associated with GST, it would also prove to be a beneficial platform for all the stakeholders. In this piece of diction, the authors have tried to put a light on the pros and cons of privatization of GST Network.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Stock audit basics & checklist of documents Required.

A brief Description about what is stock audit and why is it required by banks for the credit facilities given to customers.

article author Niket Agarwal

Posted On:  2 years ago


A Chartered Accountant or a Consultant: a Debate

A Chartered Accountant or a Consultant: a debate

article author CA. Manish Trivedi

Posted On:  2 years ago


Going to Restaurant Check your Bill for Taxes before you Pay

Not everyone is aware about Service Tax and VAT Tax on restaurant bill. Article provides detail analysis of your restaurant bill for Service charge, service tax and VAT.

article author CA Chirag Chauhan