It has been decided to permit a one-time restructuring of existing loans to MSMEs classified as ‘standard’ without a downgrade in the asset classification, subject to the following conditions:
Binoy Gupta* One day, in August 2005, when I was Chief Commissioner of Hubli, I received a phone call, or rather an offer, to move over to Chennai as Chief Commissioner of Income Tax. During those days, Chennai was a sensitive posting. The AIDMK was ruling the State. The DMK was controlling the income tax, […]
As a part of the tourism policy of the State Government, the petitioner was offered certain incentives in the nature of entertainment tax waiver. Upon introduction of Goods & Services Tax (“GST” for short), the entertainment tax was subsumed. The GST currently prescribed is @ 18%.
CBDT issued Circular No. 01/2019 on Deduction Of Tax At Source (TDS)-Income-Tax Deduction From Salaries Under Section 192 Of The Income-Tax Act, 1961 During The Financial Year 2018-19 / Assessment Year 2019-20. Circular Covers Deduction Of Tax At Source (TDS)-Income-Tax Deduction From Salaries Under Section 192 Of The Income-Tax Act, 1961 During The Financial Year […]
In the case of rent paid to residents, Section 194IB has been inserted with effect from 1st June, 2017, which is related to TDS on Rent paid by Individuals and HUF to Residents. Article discusses Provisions related to TDS under Section 194IB on Rent paid by Individuals and HUF to Residents. 1. Who is liable […]
Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of Startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. Several programs have […]
Year 2018 saw many changes such as improvement in GST law, changes in old provisions, implementation of new provisions, changes in GST rates, changes in schemes etc. Let us now discuss all the changes in brief.
