Under GST law, generally supplier (seller of goods or services or both) collects tax from recipient (buyer/ customer of goods or service or both) and pay to the Government (net of ITC) (but ultimately GST is borne by end customer or consumer that is why it is called indirect tax) this mechanism is known as […]
Exams for ICWAI or courses or CMA Foundation, intermediate and final examinations are announced. The application deadline, which was on January 30, has been extended to February 10. The CMA Foundation exams will take place on June 12. On the other hand, the June intermediate and end exams will take place from 11 June to […]
That once a resolution plan is duly approved by the Adjudicating Authority under subsection (1) of Section 31, the claims as provided in the resolution plan shall stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors, including the Central Government, any State Government or any local authority, guarantors and other stakeholders.
It is undisputed fact that the consideration is paid to individuals who had experience in the business of consultancy for not to engage themselves in similar kind of business and activities for a period of 3 years. It is also not disputed that such consideration is independent and not part of the cost of acquisition of business paid to shareholders.
Sure, it’s an investor’s duty to pay their taxes in full and in a timely manner, but they also have an option to save on tax. Nobody likes the extra influx of cash from their pockets. The government encourages individuals to invest in tax-saving investments by offering them tax benefits in form of tax deductions […]
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