Depreciation on goodwill has been a matter of considerable debate. Although the Supreme Court, in its landmark judgment in the case of Smifs Securities, held that goodwill is an intangible asset within the meaning of section 32 of the Income-tax Act, 1961 (the Act) and depreciation on goodwill is allowable under the section, some judgments have held otherwise, making the issue a highly debatable one.
Professional ethics encompass the personal, organizational, and corporate standards of behavior expected by In simple words we can say that professional conduct of an individual.
CABINET MINISTERS -1. Shri Raj Nath Singh Minister of Home Affairs. 2. Smt. Sushma Swaraj Minister of External Affairs. 3. Shri Arun Jaitley Minister of Finance; and Minister of Corporate Affairs.
As per the Twitter handle @askGST_GoI GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017 respectively. If Further GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of August to 5th, 10th […]
Article summarizes details required Required for GSTR-2 Filing in case of, Supplies received from Registered Dealer Supplies received from Registered Dealer (attracting Reverse Charge), Inputs/ Capital Goods received from Overseas/ SEZ units, In case of Debit note, Credit note, Refund Vouchers for Inward Supplies, In case of supplies received from Composition Taxable person or other […]
LIMITED LIABILITY PARTNERSHIP: Limited Liability Partnership (LLP) Act came into force for most part, on 31st March, 2009 followed by its Rules on 1st April, 2009. It is hybrid form which incorporates benefits of both partnership and companies. It has the following features: Separate legal entity in the eyes of Law. Cost of incorporation is […]
LIMITED LIABILITY PARTNERSHIP INCORPORATION AND KEY POINTS: Limited Liability Partnership (LLP) Act came into force for most part, on 31st March, 2009 followed by its Rules on 1st April, 2009. It is hybrid form which incorporates benefits of both partnership and companies. It has the following features: 1. Separate legal entity in the eyes of Law. 2. Cost […]
Govt. came up with concept of Electronic Way Bill (also known as e-way bill). The Central Govt., through CBEC has issued Notification 27/2017, laying down rules in respect of e-way bill.
Many Traders and service providers who were registered under State VAT Laws /Service TAX /Excise Law prior to 30.06.2017 have been migrated under GST Law w.e.f 01.07.2017 but they do not wish to continue their registration under GST their turnover being less than threshold limit of Rs. 20Lacs / 10Lacs as the case may be.
