1. Meaning of Casual Taxable Person: “Casual taxable person” means a person who occasionally undertakes transacti...
The Bench of Justices Abhay Manohar Sapre and Dinesh Maheshwari delivered this judgment while considering the questi...
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...
Every business has Loans and Liabilities and everyone wants to pay it on time. Sometime situation arises where we are no...
Often Shares are issued at a premium. Sometimes the situation arises where we decide to issue shares at a discount. Disc...
Liaison office is set up by a foreign company in India to carry out the liaison activity for its business. The company c...
Yesterday interim budget was presented. It was the budget for salaried employees. Till now the major source of collectio...
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...
In spite of efforts made, few debtors refuse to pay either intentionally of unintentionally. Bad debts are common in e...
Section 6(3) of the Income-tax Act, 1961 (the Act), prior to its amendment by the Finance Act, 2015, provided that a com...
The person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum, whether ...
Who can claim benefit of Section 54? Benefit is available to an Individual or a Hindu undivided family (HUF),...
Private Limited Company will have to file detail of Loans standing in their books of accounts. Ministry of Corpor...
1. Applicability of Section 54EC: Long-term capital gain arises from the transfer of a capital asset [, bein...
Government has enacted’’ The Micro, Small and Medium Enterprises Development Act, 2006’’ (MSMED Act 2006) with...
