Vide Finance Act 2020 Section 163(3) of Income Tax Act, 1961 has now been amended to provide that the Equalisation Levy would now be applicable also to ‘to consideration received or receivable for e-commerce supply or services made or provided or facilitated on or after the 1st day of April, 2020’. This amendment expands the scope of Equalisation Levy to any online sale or provision of services or their facilitation.
It is often seen that a lot of people, even the ones educated in stream of commerce and finance criticise the government just based on short term benefits impacting him or her. No doubt government is custodian of public money and hence we all think that we should get back our money in some form […]
Definition:- A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value-added tax liability in a particular jurisdiction. The term is defined in many income tax treaties and in most European Union Value Added Tax systems. Significance :- In all these years after qualifying as a Chartered Accountant whenever i […]
We all have appointed chartered accountants and think that everything should be alright after that.But have you checked that is it so? Or rather are you aware what exactly you want to be OK. We all are experiencing specialisation in every aspect of our life be it Doctor,Lawyer,Engineering or any other day to day field.But somehow […]