In many ways, cryptocurrency and sports betting are like siblings in India. Both of them have a certain taboo attached to them, and there is quite a bit of ambiguity in their legal status, especially around cryptocurrencies.
Double taxation generally means taxation of same income of a person in more than one country. The main reason behind double taxation is that countries across the world different rules for taxing income.
Discussing Section 194IB of the Income Tax Act, which deals with the TDS on Rent of Property including its meaning, persons responsible to deduct tax, rate of TDS and practical illustrations on the same.
MCA has issued Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, in order to bring transparency and increase the accountability of the companies undertaking CSR Activities.
Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc in this return.
Discussing the applicability of FORM GSTR-9 and 9C, along with recent amendments that the taxpayers have to take into consideration before filing these forms for the FY 2019-20.
New functionalities pertaining to Registration, Returns, E-Way Bill, Advance Ruling, Taxpayer Dash Board and Search Taxpayer Functionality made available for Taxpayers on the GST Portal (Oct-Dec 20)
Discussing Section 15 and 17(1) of the Income Tax Act which lays down provisions for calculation of taxable income on salary in the new and old tax regime.
Discussing Section 194I of the Income Tax Act, which lays down provisions for TDS on Rent, including its meaning, payment covered, rate of tax and exemptions to the provision.
In this article, we discuss Section 194H of the Income Tax Act which deals with TDS on Commission and Brokerage including its applicability, rate of TDS, and major judicial pronouncements.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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