25 Feb, 2019

Merger of Proprietorship firm into Private...

Selling of Goods and Services always attract GST if it is taxable supply. Does transfer of business attract GST on selli...

24 Feb, 2019

One more Compliance for Private Limited Co...

Now companies has to file its registered office details in Form INC-22A on or before 25.04.2019 to remain active in MCA ...

18 Feb, 2019

Should Startups go for Private Limited Com...

These questions confuse every startup and all we get confused when we think of it. It’s a dream of everyone either t...

14 Feb, 2019

GST on Casual Taxable Person

1. Meaning of Casual Taxable Person: “Casual taxable person” means a person who occasionally undertakes transacti...

6 Feb, 2019

Are directors of company employees under t...

The Bench of Justices Abhay Manohar Sapre and Dinesh Maheshwari delivered this judgment while considering the questi...

5 Feb, 2019

Government may relax you from Angel tax

On Monday a committee of 5 members has been set up by the government to look into the Angel Tax issue come up with guide...

5 Feb, 2019

Why income tax levy when Loans are waived ...

Every business has Loans and Liabilities and everyone wants to pay it on time. Sometime situation arises where we are no...

3 Feb, 2019

Prohibition on Issue of Shares at Discount

Often Shares are issued at a premium. Sometimes the situation arises where we decide to issue shares at a discount. Disc...

3 Feb, 2019

Set up a Liaison Office in India

Liaison office is set up by a foreign company in India to carry out the liaison activity for its business. The company c...

2 Feb, 2019

Post budget your salary would be exempted ...

Yesterday interim budget was presented. It was the budget for salaried employees. Till now the major source of collectio...

2 Feb, 2019

Key Budget 2019 Highlights

No income tax for income up to Rs 6.5 lakh (Rs 5 lakh + Rs 1.5 lakh under 80C of the Income Tax Act) Standard ded...

28 Jan, 2019

How Bad debts are treated in Income tax act?

In spite of efforts made, few debtors refuse to pay either intentionally of unintentionally.  Bad debts are common in e...

28 Jan, 2019

Guiding Principles for determination of Pl...

Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a com...

27 Jan, 2019

What is Form 15CA and 15CB?

The person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum, whether ...

26 Jan, 2019

Exemption from capital gain on sale of pro...

Who can claim benefit of Section 54? Benefit is available to an Individual or a Hindu undivided family (HUF),...

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