Posted On:  1 month ago


GST on Charitable and Religious Trusts

The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over from the erstwhile service tax provisions. All services provided by such entities are not exempt. In fact, there are many services that are provided by such entities which would be within the ambit of GST.

article author CA Chirag Chauhan

Posted On:  8 months ago


Deposited Cash from 9 Nov to 31 Dec 2016 and received Notice ? Read FAQ

The basic information required is: PAN, Full Name, Date of birth/incorporation, communication address, valid e-mail id, mobile number and digital signature certificate (if applicable). For persons other than individuals, in addition to the above mentioned information, PAN details and contact details of the principal contact are required.

article author One Roof Consultant

Posted On:  9 months ago


100 Key Highlights of Union Budget 2017 presented by FM Arun Jaitely FY 2017-18

100 Key Highlights of Union Budget 2017 presented by FM Arun Jaitely FY 2017-18

article author CA Chirag Chauhan

Posted On:  10 months ago


Step wise NPO Registration as Section 8 of Company

Intends to prohibit the payment of any dividend to its members, the Central Government may, by license issued in such manner as may be prescribed, and on such conditions as it deems fit, allow that person or association of persons to be registered as a limited company under this section without the addition to its name of the world “Limited”, or as the case may be, the words “Private Limited”, and thereupon the Registrar shall, on application, in the prescribed form, register such person or association of persons as a company under this section.

article author CA Chirag Chauhan

Posted On:  1 year ago


Corrigendum to Notification No S.O.2380 (E) dated the 12th July 2016

In the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O.2380(E) dated the 12th July 2016, PUBLISHED IN THE Gazette of India, Extraordinary, Part – II, Section 3, sub-section (ii) dated 12th July 2016.

article author One Roof Consultant

Posted On:  1 year ago


Depreciation is allowed as expenditure for Computation of Income in case of Trust till 2015

Assessing Officer are mostly objecting depreciation claim by Charitable trust in scrutiny based on their opinion that expenditure is claimed twice, once at the time of application of income at the time of acquiring of asset and other at the time of claiming depreciation. The Article provides you explanation with relevant case laws on why depreciation should be allowed as expenditure

article author CA Chirag Chauhan

Posted On:  2 years ago


Provisions relating to Direct Taxes- Finance bill 2016

The Finance Budget is annually presented in the Parliament and after debate and discussion the Bill is passed with some changes. However broadly the Bill remain the same.

article author CA Chirag Chauhan

Posted On:  2 years ago


Basic of Permanent Account Number PAN as per Income Tax - FAQ

A layman at the time of opening his bank account must be asked by the bank officials to provide his PAN no and copy of his PAN. The person may feel that he is hearing this word (PAN) for the first time and gets confused. By having a view on this article he may get his confusion run away from him. This article provides an overview on provisions related to PAN. What is PAN what are the various benefits obtained from PAN. Unique features hidden in PAN no who is liable to apply for PAN

article author CA Chirag Chauhan

Posted On:  2 years ago


80G: Deduction relating to donations under income tax act 1961

Most of the individuals donate money for cause but fail to claim deduction. The article gives detailed information about the various donations specified in Sec. 80G which are eligible for deduction up to either 100% or 50% with or without restriction as provided in Sec. 80G. 80G deduction not applicable in case donation is done in form of cash for amount over Rs 10,000. The individual must

article author One Roof Consultant

Posted On:  2 years ago


Registration process for Gumasta License, documents required, fees under Shop & Establishment Act 1948

Registration of Shops and establishment in Mumbai is mandatory under Maharashtra Shops and Establishment Act. Gumasta is governed by the Municipal Corporation of Greater Mumbai under the Maharashtra Shops and Establishment Act 1948 for other regions there are state government Municipal Corporation responsible for providing license. This act enables the registration and obtaining of certificate from Municipal Corporation for your new shop/ business.

article author CA Chirag Chauhan

Posted On:  2 years ago


WILL-Important points, Tax Advantages of will and Format of WILL

Why you require a will? Will enables a person to put forth in legal form his wishes after his death or even during the course of his lifetime as to how he wants to distribute his property or estate, to whom and in what proportion etc.

article author Dharmesh Jain

Posted On:  2 years ago


NGO Registration in India

Through this article everyone aware about how to registered NGO in India

article author Sukhwinder Singh

Posted On:  2 years ago


Basic Information about PAN - Permanent Account Number of Income Tax - FAQ

The Article deals with basic of PAN, its uses, benefits of obtaining PAN, transaction for which PAN is mandatory, documents required for PAN application, and how PAN is useful with various Frequently asked Question in related to PAN

article author CA Chirag Chauhan

Posted On:  2 years ago


Income Tax Compliance for Trust

Formation of Trust is an easy option. However there are compliance requirement as per Income Tax Act. Article provide you brief guidance for compliance which needs to be done as per Income Tax Act.

article author CA Chirag Chauhan