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Archive: 04 January 2017

Posts in 04 January 2017

GST Accounts & Records and Accounting prospects

January 4, 2017 10195 Views 0 comment Print

Person required to maintain the record- Every registered person under GST Law is required to maintain accounts & records in Manual or Electronic form.

Aadhaar Compulsory to avail benefit of Employees’ Pension Scheme

January 4, 2017 4903 Views 0 comment Print

Members and pensioners of the Employees’ Pension Scheme are hereby required to furnish proof of the possession of the Aadhaar number or undergo Aadhaar authentication as per the procedure laid down by the Employees Provident Fund Organisation for better and hassle free identification through Aadhaar.

Brand Licensing Expenses allowed As Business / Revenue Expenses

January 4, 2017 1732 Views 0 comment Print

Whether payments made by the assessee to its holding company Nitrex Chemicals India Ltd for the use of its trademark and for the purpose of obtaining expertise in commerce, finance,manufacturing etc. amounted to revenue expenditure instead of capital expenditure?

TDS and TCS provisions under Revised GST Law

January 4, 2017 11560 Views 0 comment Print

In VAT Law there is provision of TDS in case of work contract in most of the Sates though in Service Tax there is no provision of TDS and TCS

Demonetization and its Impact on Senior Citizens

January 4, 2017 3256 Views 8 comments Print

Demonetization has affected the seniors adversely. The stated objectives of it are laudable but will they be effective in the long run is any body’s guess. But enough has been written on that. Here I will deal with the problems seniors faced during the last weeks and what they will be facing in coming years.

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