Information on Difference Between Director & Additional Director – Companies Act, 2013. The supreme government authority dominant the management and affairs of an organization vests within the team of administrators of the corporate, conjointly called its Board of administrators. At the core of the company governance follow is the Board of administrators that oversees however… Read More »
Information Here’s is the reason Why the ’30s Is the Perfect Time to Buy Health Insurance Plans in India You must have found insurance and finance specialists advising you to shop for insurance as early in life as doable. Well, they’re creating a fairly valid purpose. the actual fact is that medical emergencies will occur… Read More »
Quote DIN on Detailed Communication with Tax Payer – Kerala GST Office of the Commissioner of State Tax State merchandise and Services Tax Department, Kerala, Tax Towers, Karamana, Thiruvananthapuram ram Dt.: // 04/08/2020// CIRCULAR No. 8/2020 Subject: Generation and quoting of Document number (DIN) on any communication issued by the officers of the State merchandise… Read More »
Information on Residential Status Details Under Income Tax Act,1961 in India Introduction The Income Tax Department should confirm the residential standing of taxpayers, despite whether or not they are people or corporations. This info becomes pertinent throughout tax filing season. this can be really one of the most factors that confirm a person’s liability. The… Read More »
Information on – An Overview of collected Taxes at source under section 206C There are on the brink of 32 items of income/payments on that tax are deductible at supply (TDS) and eleven things on that tax have got to be Tax collected at supply (TCS). but this position has currently been modified when the… Read More »
Information on 7 Actions to be Taken Before 31st March 2021 As we tend to approach the finish of the year, there are tasks that we want to finish by 31st March 2021. a number of such task includes Submitting the small points of salaries received from the earlier employer, Submit the proof of expenses… Read More »
Case of GST on Goods Sale Outside India The article explains GST Implications associated with the sale of products outside India with a sensible Case Study. The article has thought-about Advance Ruling of AAR Maharashtra within the case of INA Bearing Indian Country non-public restricted, within which mortal has raised the question that whether or… Read More »
Information on TCS on Goods Sale- FAQs | Section 206C (1H) | Tabular Presentation Article explains who is accountable for TDS on product beneath Section 206C(1H), From whom tax shall be collected, temporal order of assortment of TCS, what’s the Definition of products, whether or not Transactions in securities through RSE is susceptible to TCS,… Read More »
Details – In GST Registration Application for Amendment- Form GST REG-14 19th Rule of the Central Goods and Services Tax Act, 2017 shortly covers the provisions with reference to the filing of the associate application for modification in GST registration. Modification application is to be filed, electronically, in Form GST REG-14. The current article covers… Read More »
Information on For Students Taxes on Scholarships/Stipend There are various scholarships available for students to continue their studies. The schools, Colleges, and colleges provide scholarships to meritable students on the base of their last performance. Some NGOs additionally award scholarships to indigent and poor students to pursue their studies. Some Old Boys Associations additionally award… Read More »
Details on Steps Taken for procurement of medical oxygen & related accessories, ventilators, vaccine, medicines, etc Incentives to the acquisition of medical oxygen, and closely connected accessories, ventilators, vaccine, medicines, etc. reg. GOVERNMENT OF GUJARAT Finance Department, Sachivalaya, Gandhinagar. No: GST-102021-Tax-1-GST Cell Dated the 01st May 2021 -::RESOLUTION::- In view… Read More »
Request to Extend Due Date For Submitting Tax Audit Report & Filing IT Returns Tax Bar Association, Kota has created a letter to request an extension of the due date for submitting the Tax Audit Report and for filing IT Returns to 31st March 2021 to ameliorate the difficulties faced by the assessee during this… Read More »
Model Financial Statements concerned with Non-Corporate Entities With the focus on Non-Corporate Entities and scrutiny thence by numerous regulators, monetary establishments are increasing yearly basis. During this state of affairs in addition to the future, it’s crucial for these Entities to strictly adhere to the varied necessities in law and spirit. Understanding the necessity for… Read More »
Details on Declaration Format under Section 206AB of Income Tax Act With the season of rains, it looks like there’s the season of latest amendments! To capture those into the tax net, who owns assessable and taxable income, except for some or alternative reason, don’t file ITR, Government is introducing a new provision u/s 206AB… Read More »
About – Under GST Composite and Mixed Supply All regarding Composite Supply and Mixed Supply under the GST: As per Sec. 2(30) of CGST Act of 2017, ‘Composite Supply’ could be a quiet offer created by a dutiable person to a recipient that has two or more dutiable supplies comprising of products or services or… Read More »
Information on Import Transactions of Goods Accounting Process – GST viz a viz AS 11 This Article relates to the nuances of the GST framework for Import Trade viz a viz the challenges ordered down whereas sticking to the principle AS 11 – The Consequences of Changes in exchange Rates Lets perceive a typical Import… Read More »
The complete end to end process to Apply for TAN TAN can be applied either online (using a digital signature certificate or without using a digital signature certificate) or through the paper application deposit through TIN-FCs: 1. Paperless fully Online TAN application method, using the digital signature certificate. 2. TAN application using the online facility:… Read More »
Information on Income Tax Benefits / Deduction Applicable on Second Home Loan. From FY 19-20 onward within the Finance Act, 2019, the government has allowed a serious relief u/s 23 and 24 of the Income-tax Act, 1961 by permitting the taxpayers to declare in their legal instrument the worth of their ‘Two’ homes as self… Read More »
To Harass Assessee Power Should Not Be Used as a Tool as in Section 83 [Ref: As in the matter of Pranit Hem Desai vs Additional Director-General on 28 August 2019 before DB bench of Gujarat High Court] It is submitted that for the aim of passing any order of provisionary attachment under Section 83 … Read More »
Huge Relief: On Food Facility (Canteen services ) Furnished by a Business No GST is Applied Registered Companies under the Factories Act, 1948, usually provides canteen facility to their workers. Section 46 provides that any functioning unit having a specified number of employees i.e. quite 250 employees needed to supply canteen facility either by self… Read More »