In the social media-driven age, most of us would have come across memes relating to the stock of ITC Limited. These are mainly fuelled by the fact that despite being one of the favourite stocks of the fundamental analysts, the stock price has been relatively flat as compared to the market as a whole.
Framework in general is a statement of generally accepted theoretical principles which form the frame of reference for a particular field of enquiry.
Please find below the important clarifications/ amendments issued by the Government on GST in December 2021 along with compliance timelines in January 2022
Why should one save money? I earn enough to meet my monthly expenses so why should I save? Is saving important? Why not live paycheck by paycheck? These are some of the questions that we are going to discuss in this article.
The Income Tax Act, 1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA, which applied to Mr. X provides for taxation of such income in the country of his residence. Examine, is Mr. X is liable to pay tax on such income earned by him in India?.
The article covers the important GST updates applicable w.e.f 1st January 2022
Sections Involved: 43CA, 50C & 56(2)(x) of Income Tax Act, 1961. Sale /Transfer of land or building on consideration less than Stamp Duty Value
GST regime will see a host of tax rate and procedural changes coming into effect from January 1, 2022. In this regard, some of the important changes have been mentioned for your reference.
Steps for Formation of Gratuity Trust
Section 264 of the Income Tax Act provides, Powers to the Commissioner of Income Tax (CIT) to exercise the order in favour of the assessee.