As most AI / ML systems are black boxes and their behavior cannot be easily quantified, it is imperative to ensure that any advertised financial benefit owing to these technologies in investor facing financial products offered by intermediaries should not constitute to misrepresentation
I would like to highlight on a very important topics CASH TRANSACTION in business as well as other contexts. CASH Payment is common practice in business. Either in small or large business, CASH is very important part of business. Hence it is very important to understand and take precaution while making the payment to someone […]
The Union Budget 2017-18 announced number of measures to boost affordable housing which includes Section 80-IBA which allowed 100% deduction on profits generated by developer or builder of affordable housing project.
Succession certificate or probate of will or will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925 has been prescribed as documentary requirement for transmission of securities held in physical mode.
Audit by Tax Authorities under Section 65 The Commissioner or any officer authorised by him, by way of a general or a specific order, may now undertake audit of any registered person for part of financial year also Revision ( Rule 109B inserted) Where the Revisional Authority decides to pass an order in revision under […]
CBDT Withdraws Circular No. 10/2018 dated 31.12.2018 on applicability of section 56(2)(viia) of the Income-tax Act, 1961 for issue of shares by a company in which public are not substantially interested. It is learnt that Same is been withdrawn considering the Negative Impact it may have on National Herald case involving Mrs Sonia Gandhi and […]
Investing your hard-earned money is something that everyone should do. There are so many benefits of investing that it makes no sense not to get started. And when it comes to investing, new-age ULIPs have known to garner investor’s attention these days.
जीएसटी के दौरान ई –वे बिल का एक प्रावधान है जिसके अनुसार 50 हजार से अधिक के माल की सप्लाई पर ई –वे बिल जारी करना होता है और इस प्रावधान को लेकर व्यापार और उध्योग प्रारम्भ से ही असहज महसूस करता रहा है और इस सम्बन्ध में प्रारम्भ से ही दो तरह की मांग की गई उनमें से एक तो थी कि इस फॉर्म की अनिवार्यता को 50 हजार रुपये से बढ़ा कर 2 लाख कर दिया जाए और दूसरी थी कि इस केवल एक राज्य से दूसरे राज्य को गई गई सप्लाई के दौरान ही लागू किया जाए अर्थात राज्य के भीतर की सप्लाई पर पर ई-वे से या तो मुक्ति दी जाए या कोई छूट दी जाये .
Requirement of bank account details has been removed at the time of GST Registration. Now it is required after first login because normally a bank account cannot be opened before commencement of business. Bank account details can be added vide amendment of non-core field. GST Registration: List of Documents for different types of entities
Under Section 80 C, an individual and an HUF can claim a deduction up to Rs 1.50 lakh for principal repayment of home loan taken for a residential house along with other eligible items like Public Provident Fund, Employee Provident Fund, life insurance premium, National Saving Certificates Equity Linked Saving Scheme etc.
