What is the taxability of Cost and Profit Petroleum under the GST Regime? Read the article to know all about it.
Hospitality Industry - Does handing over business operations and premises, equate to lease, or hiring a sub-contractor?
RBI has directed the banks for putting in place the system for the automation of NPA, latest by 30th June 2021. Read some of the highlights of the circulars here.
House Rent Allowance (HRA) is the second component that is found in each payslip after the basic salary. There are numerous doubts regarding this provision. Some of the popular questions have been answered in our article.
A reduction in the statutory rate of EPF contribution from 12% to 10% came into place in order to increase the take-home pay for employees. Read the FAQs on this measure here.
Illustrations for Understanding Significant Beneficial Ownership - Part 3
Export Incentives in India - Latest List of 20+ Export Promotion schemes
GST legislation has been in place from 1 July 2017. The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18%, and 28% under GST.
As per section 32 of the Income Tax Act, 1961, depreciation is allowed on tangible assets and intangible assets owned, wholly or partly, by the assessee and used for the purposes of business or profession.
TCS on Goods u/s 206C (1H) is applicable w.e.f 1st Oct. 2020. Let us decode the provision.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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