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Present Taxation Vs. Expected GST - A Comparitive Analysis
IntroductionIndia has a federal structure of government where the powers are shared between the Central Government and the State Governments. At The taxes are levied by Central Government as well as State Government
Indirect tax benefits on direct supplies to SEZs
INDIRECT TAX BENEFITS (excise duty in particular) ON DIRECT SUPPLIES TO SEZs made by a Vendor who is a sub-contractor of the Main ContractorIn relation to the subject matter, the mechanics of the transaction may be as under;The customer is RRR Ltd.,
10 Golden Rules by a Chartered Accountant
A CA not only knows about Investments and Financials Statements but the rules of leading a great life too. A Chartered Accountant, on an average, goes through so many experiences of life while dealing with different situations. Hereunder are the ten
Section 44AE of the income tax act
SECTION 44AE OF THE INCOME TAXACT 1961INCOME IN CASE OF ASSEESSEE IS ENGAGED IN THE BUSINESS OF PLYING , HIRINGOR LEASING OF GOODS CARRIAGES Applicability : This section applies to all types of assesses whether resident or non-resident who are engage
A way forward to GST in India
As, all we know that Taxes in India are levied by the Central Government and the State Governments. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes bet
Reason for introduction of TDS
There is always a time gap between deriving of income and payment of tax there upon .The objective of introduction of the provision tax deduction at source is to reduce that time gap and also ensure the regular flow of funds to governmentDemerit by T
Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)
The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann
Nidhi Company - Companies act, 2013
Section � 406 read with rules of Companies (Nidhi Companies) Rules, 2014 SECTION 406 OF COMPANIES ACT 2013 AND NIDHI RULE 2014 GOVERNED THE LAW AND PROCEDURE FOR NIDHI COMPANY. Nidhi� means a company which has been incorporated as a Nidhi
Three different mechanisms for an IPO
The decision to list a company is often taken considering the market trends. When the primary markets are strong, there is a natural temptation to take a company public. This is because, in a strong market, the company gets much more than its fair va
Procedure of re-assessment u/s 147
Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and why there is need of reassessment? Section 147 and 148 of
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