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...
Guidance note in audit of banks has been issued by Institute of Chartered Accountant of India (ICAI) on 21st January 201...
Have you ever thought raising money from investors would be easier than convincing income tax official? Have you ever th...
Now delay in processing of income tax return and refund could soon become a thing of past. The union government has a...
Introduction The Composition levy scheme is a very simple scheme for small taxpayers. It is a voluntary and optional s...
It’s mid of January and Employers has started asking their employees to submit proof of Investment and Expenses th...
