Key facts about TDS return Filling Software for Companies
The fast growing global industry today is in the constant need of a software which...
Why Income Tax Software Is Important For Tax Preparers?
Tax payer has the responsibility of preparing and filing his or her tax returns but...
Impact of GST on FMCG sector in India
No doubt, GST has bought several non-tax payers into the Tax bracket. But, what about...
What is Place of Effective Management (PoEM) in India
The Indian Income Tax System places the incidence of tax based on the residential status...
Taxation of Long term capital gain of listed securities for A.Y. 2019-20
The Finance Act,2018 withdrew the exemption provided under section 10(38) of the Income Tax Act,1961...
GST Annual Return Form GSTR-9
GSTR 9 is an annual return to be filed once in a year by the...
Taxation of Dividends
1. Dividend is ordinarily used to refer to any distribution made by a company to...
Presumptive Taxation
A. Section 44AD: Special provision for computing profits and gains of business i) Applicable to...
Taxation of AOPs & BOIs
1. Introduction:- The income of an Association of Persons (AOP) and Body of Individuals (BOI)...
Capital gain on Land & Building under Joint development Agreement
1. Introduction:- Under the existing provisions of section 45, capital gain is chargeable to tax...
Taxation of Agricultural Income
1.Definition of agricultural Income: Any rent or revenue derived from agricultural land Any Income derived...
Taxation of Hindu Undivided Family
HUF is treated as a separate entity for the purpose of assessment under Income tax...
Section 194IB- TDS on payment of Rent by Individuals and HUF
1. Any person, being an individual or a Hindu Undivided Family, responsible for paying to...
Expenses not deductible under section 40
1.Section 40(a)(i): Non-Compliance of provision of TDS where payment is made to Non-Resident Disallowance u/s...
Section 194I-TDS on Rent
1.Deductor- Any person, 2. Deductee- Any Resident3. Time of Deduction- At the time of credit...
Section 194IA- TDS on payment on transfer of certain immovable property
1.Deductor- Any Purchaser (Other than person referred to in section 194LA) 2. Deductee- Any seller being resident...
Registration under GST Act
1. Section 25- Procedure for Registration a. Time Limit- Every person who is liable to be...
Reverse Charge Mechanism
1.Section 2(38)- Reverse Charge means the liability to pay tax by the recipient of supply of...