Deposit Section 2(31) of Companies Act, 2013 provides that Deposit includes any receipt of money by way of deposit or loan or in any other form by a company, but does not include- 1. Any amount received from central or state government 2. Any amount received from Foreign Government/ Foreign Bank/ Foreign Company 3. Any […]
It is issued to Persons/offices engaged with Standalone/scientific expert drug store shops. The permit should be submitted to or conceded by a singular state permitting authority. A portion of the essential prerequisites for getting retail drugs license: 1. The carpet area of the drug store must be at least 10 square meters, 2. When you […]
What is the target of the drug control office? The drugs control office directs assembling and offer of drugs, with the exception of Ayurveda and Unani medication under the arrangements of drugs and cosmetic act,1940. The office likewise grants and renews licenses to merchants and makers of medications including homoeopathic medication, cosmetic assembling, endorsed testing research […]
Deductions either under Section 10A or 10B would be made while computing the gross total income of the eligible undertaking and not at the stage of computation of the total income.
When partnership firm was transformed into private limited company, there was no distribution of assets and as such, there was no transfer and therefore, assessee was not liable to pay any tax on capital gains.
Article explains about Belated & revised returns for FY 2018-19 (AY 2019-20), Tax saving measures for FY 2019-20 (AY 2020-21), Investments for Capital gains exemption, Payment of Advance tax and TDS for the FY 2019-20, Filing of TDS returns and statements and other issues amid COVID-19. Belated & revised returns for FY 2018-19 (AY 2019-20): […]
Recently, CBDT has issued Circular No C1 of 2020 dated 13.04.2020 clarifying deduction of tax by employer as per new regime at the option of the employee. Let’s discuss the legal provisions regarding deduction of tax by employers and answer the following questions: 1. Whether the Circular complies with the provisions of the Income-tax Act, […]
As we aware that, lots of times we faced may difficulties regarding E-filing, refund, rectification, etc but we usually avoid to complaint against it thinking in a way that the process is very much lengthier or tedious and hence Income tax Department has been come up with solution to our this problem which is called […]
Treatment of GST already paid on Advance amount which is refunded subsequently Recently the government has issued a circular no. 137/07/2020-GST dated 13 April 2020 vide which government has clarified various issues. One of issue clarified by the circular is reproduced below: – Sr. No. Issue Clarification 2 An advance is received by a supplier […]
Tremendous increase in the spread of coronavirus created havoc on macro-economic and social factors as various governments declared lockdown for their country to limit the extent of the novel coronavirus. The COVID-19 has created a potential impact on almost all the businesses across the nation and amongst which one of the major stalled businesses in […]
