Posted On:  2 months 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:  3 months ago


GST FAQ on Drugs & Pharmaceuticals

: In case of clearance of physician samples distributed free of cost, the ITC availed on the said samples has to be reversed in view of the provisions under Section 17(5)(h) of the CGST Act, 2017.No tax is payable on clearance of physician samples distributed free of cost as the value of supply is zero and no credit has been availed

article author CA Chirag Chauhan

Posted On:  7 months ago


Doctors To Face Disciplinary Action If They Prescribe Brand Name Drug : Government Circular 21/04/2017

From Today if you consult a doctor for fever, and if he prescribes ‘crocin’ or ‘instead of ‘paracetamol’ (generic name drug), he can face disciplinary action from Medical Council of India as per recent circular. The Medical Council of India has asked all the registered Medical Practitioners to ensure that they prescribe drugs with generic names only. The Council also warns disciplinary action against those found violating these regulations.

article author Dharmesh Jain

Posted On:  10 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


Donald Trump sworn in as 45th US President. Read the Complete inaugural Speech

Friends, delegates and fellow Americans: I humbly and gratefully accept your nomination for the presidency of the United States. Together, we will lead our party back to the White House, and we will lead our country back to safety, prosperity, and peace. We will be a country of generosity and warmth. But we will also be a country of law and order.

article author One Roof Consultant

Posted On:  1 year ago


Latest Baggage Rules in India & Classification of Articles

Baggage rules are nothing but in simple language rules related to luggage of a passenger travelling be it a resident or tourist or an Indian or a foreigner. Every individual so travelling should roughly have an idea about the rules relating to Baggage rules in India so as to avoid any kinds of problems or inconviences. Baggage also includes dutiable goods imported by passengers in their respective baggage. Baggage also includes unaccompanied baggage

article author CA Chirag Chauhan

Posted On:  1 year ago


Companies (cost records and audit) Amendment Rules, 2016

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013} (hereinafter referred as the Act), the Central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules,2014, namely

article author CS Perila Sheth

Posted On:  1 year ago


Features and Step wise process - Income Declaration Scheme 2016 – Convert your Black Money to White

Features and Step wise process - Income Declaration Scheme 2016 The Income Tax Department has come up with the Income Declaration Scheme 2016 which gives chance to Individual to come clean and declare their undisclosed investment, income, assets. The Center government has announce the scheme in Budget 2016. The Scheme Requires investment to be revalued as on 1 June 2016 and tax is to paid on fair market value of such assets which may not sound positive for declarants as assets have to be revalued. However confidentiality of declarant and immunity for prosecution, is very positive for declarant. In case the black money is not disclosed in this scheme and the undisclosed income will be liable to pay 300% of Penalty, interest , etc and also tax payer will be prosecuted. So to avoid such circumstances the scheme can be utilized to disclose black income and come clean. The Article introduce with feature and process of the scheme.

article author CA Chirag Chauhan

Posted On:  1 year ago


The Income Declaration Scheme Rules 2016

The Income Declaration Scheme Rules, 2016 as Notifed by CBDT which shall come into force from shall come into force on the 1st day of June, 2016

article author CA Chirag Chauhan

Posted On:  2 years ago


100 Key Highlights of Union Budget 2016 presented by Arun Jaitely

Union Budget is presented by Arun Jaitely Today. Following are the Key Changes in The Budget from the Finance Minister Speech

article author CA Chirag Chauhan

Posted On:  2 years ago


Section 14A read with Rule 8D

Very Impressive analysis as said by many other chartered accountant and tax professional;

article author Vikas Ranjan

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


Format of Secretarial Audit Report

Secretarial Audit Report u/s. 203 of the Companies Act, 2013

article author CS Deepak Pratap Singh

Posted On:  3 years ago


Your Self-Confidence and Learning to be Proud to Wear You

Self-confidence is a strength inside you that you have to choose to develop.It is built upon your strengths, and it is not crumbled by your weaknesses.

article author Sreehari R