Demystifying Search Warrants under the Income Tax Act: Explore the legal intricacies, common myths, and practical scenarios. Learn about the genesis of search operations, who can issue warrants, against whom, and the basis for issuance. Delve into the relevant sections of the Income Tax Act and landmark judgments for a comprehensive understanding.
If you have invested in the Shares and earning the dividend Income from the domestic companies then this article will going to be really informative to you as there is some changes made by the Budget 2020 in respect of Taxing the Dividend Income received from Domestic Companies. In this article, we only discussed the […]
Interest on saving bank account, PPF and personal loans is to be included in threshold limit of 20 Lakhs for GST Registration: AAR, Gujarat ruling on application by Shree Sawai Manoharlal Rathi Aggregate turnover for determining GST registration threshold to include Interest on ‘Saving bank deposit, PPF and Personal loan & advance’: AAR, Gujarat Under […]
Poornima M. Persons responsible for making payment of income, covered by the scheme of Tax Deduction at Source (TDS), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated. The recipient of the income (though s/he gets only the net amount after TDS) is liable to […]
In some cases companies extends loan facility to its employee for various purposes – like education, medical treatment, marriage, etc. These loans are generally free and recovered from salary of employees in the form of deduction of equal amount over a period of time, which vary from 6month to 7 years as per policy of […]
Many of us got so confused after hearing the name of ‘Business Trust’. There are so many doubts in the mind of people relating to this concept. Hence today I am come up with this most demanded topic of Business Trust.
Union Minister of Finance & Corporate Affairs Ms. Nirmala Sitharaman announced the Economic Package in order to focus on; – land, labour, liquidity and law.
Good Day All, Today, Hereby we discuss and understand one time opportunity to the defaulting companies and to enable them to file the belated documents in MCA-21 registry under a scheme named as “Companies Fresh Start Scheme, 2020” Companies Fresh Start Scheme, 2020 (‘CFSS Scheme’) (Came into effect vide circular no. 12/2020 and 13/2020 on 30.03.2020) BASIC THUMB […]
Affordable housing still remains a distant dream for the common man. The Government of India acknowledges this and has passed various schemes to offer financial assistance to those who hope to own their own house. The PMAY home loan can offer you financial help based on which category of the scheme you identify yourself with. […]
Introduction Lockdown 4.0 was in effect from 18.05.2020 till 31.05.2020. It also brought relaxations in working but with a challenge to curb the spread of COVID – 19. The Government through the Ministry of Home Affairs issued Order No. 40-3/2020-DM-I(A) has laid down fresh guidelines to govern the Country’s functioning. CHALLENGES It becomes necessary to […]
