AAR ruled that the value to be considered for sale of used motor vehicle would be difference between Sale price & WDV on date of sale under Income Tax Act
Explore the powers and restrictions of the Board of Directors under Sections 179 and 180 of the Companies Act, 2013. Learn about the authority, limitations, and resolutions crucial for effective corporate governance.
Companies (Auditor’s Report) Order i.e. CARO was first introduced in 1988, when central government first introduced Manufacturing and Other Companies (Auditor’s Report) order 1988, which later replaced by CARO 2003, CARO 2004, CARO 2015, CARO 2016 and now with CARO 2020.
Interest income from variable capital contributed in Partnership firm-It is exempted services. However value of services is considered for aggregate Turnover under GST Act.
AAR Gujarat explains What Will Be The Value Of Supply For Sale of Residential/Commercial Property With Undivided Rights of Land
If PAN is not linked with Aadhaar by March 31, 2023, then next year starting April 1, 2023, your PAN will become inoperative. Once your PAN becomes inoperative, your will not be able to file income tax return, open bank account, invest in mutual funds etc.
Article analyse landmark case of V.K. Kaul v. Adjudicating Officer Securities & SEBI. This case was decided on 8th of October 2012 by SAT.
Section 54(3) provides for a claim of refund of unutilized ITC. Rule 89(5) provides a formula for the refund of ITC, in a case of refund on account of inverted duty structure.
LOAN AND INVESTMENT MADE BY COMPANY as per section-186(1)- A company shall not make investment through more than two layer of investment company.
Explore Section 80EEB – Income tax deduction for individuals on electronic vehicle purchases. Eligibility, conditions, and maximum deduction of Rs. 1,50,000. Learn how the provision benefits personal and business use, ensuring compliance and tax-saving opportunities.
