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Dividend will now be taxable from Rs. 1/‐ as section 115BBDA is omitted. Accordingly, Interest expenditure u/s 57(1) to earn Dividend can be claimed at sl.no.3...
Option of Filing ITR in response to notice u/s 153A and 153C is removed from ITR as the requirement to file ITR under these sections is omitted. Dividend will now be taxable from Rs.1/‐ as section 115BBDA is omitted.
Schedule DI is removed from ITR 4. Option of Filing ITR in response to notice u/s 153A and 153C is also removed as a requirement to file ITR under these sections is omitted.
Section 115BBDA is removed from AY 2021‐22 onwards, hence corresponding dropdowns are removed from sl. No. 2c, 2d and 2e of schedule OS and respective changes are done in sl.no.10(i).
The allowable difference between the full value of consideration u/s. 50C and value of property as per stamp authority has been increased from 1.05 times to 1.10 times.
Pensioners can now submit a life certificate by sitting at home by availing the door step service provided by various public sector banks and the country's postal service.
With the never ending pressure to clear the exams and the fear of failure, it's a vicious circle through which a student goes through. In such a scenario, it's this magical formula that will keep you going.
Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker.
The increasing crude oil prices has an impact on almost all the sectors of the company. The consumers being at the end of the production chain are bearing the impact. The government by reducing the taxes can keep a check on fuel prices and reduce the burden on the consumers.
Financing plays a major role in business. A business can flourish only when the finances are well managed. From Start-up to expansion of business and even to carry day to day business, funds are needed.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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