LLP is easy to operate as compared to companies and partnerships. It's a kind of a hybrid between companies and a partnership firm. These are economical while registering as well as while fulfilling ROC compliances.
The Gift Tax was reintroduced in a new form to fill up the vacuum created by the abolition of the Gift tax Act, 1958, and the provisions were included in the Income-Tax law w.e.f. 01.04.2005.
Speculative transaction means a transaction involving a contract for the purchase and sale of commodities, which is periodically or ultimately settled other than by actual delivery or transfer.
In the old course hardly 19% of questions were new, and students could answer them reasonably well. However, the new course paper had almost 33% new and they were of a medium level.
Input Tax Credit is credit available to a person registered under GST on payment of Input Tax. In this article, we will understand the manner to utilize ITC available under various heads of GST.
Cash to the economy is like what blood is to the human body. The government can introduce various ways to restrict its usage, but it cannot pull it out of the system.
U/s 194-O w.e.f from 1st Oct 2020, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant,
A notified class of registered persons have to prepare an invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).
In this article, we discuss the extrapolation technique in the Income Tax Search and Seizure Assessments and how there is no universal application regarding it...
Finance Act, 2020 has made changes with respect to the provisions related to Trusts and NGOs claiming exemption u/s 11 or u/s 12 of the Income Tax Act, 1961. Let us understand those changes.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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