Scheme provides for further relief in the following ways:(i) Tax payable would include tax & interest till the date of assessment. Interest accrued thereafter would not form part of tax payable.(ii) If and disputed tax is below Rs. 10 lakhs. penalty would stand waived on payment of tax & interest.(iii) Where the disputed tax is more than Rs. 10 lakhs, penalty of 75% would stand waived on payment of tax, interest and 25% of penalty levied/leviable.
Section 23 of Indian Contract Act, 1872 specifies that the consideration or object of an agreement is lawful, unless – 1) it is forbidden by law; or 2) is of such nature that, if permitted it would defeat the provisions of any law or is fraudulent; or involves or implies, injury to the person or property of another; or
There are a certain traits that you could observe clearly in every investor who is successful in their stock market adventures and the most important aspect they focus on is to avoid certain mistakes that take them only towards destruction and losses. So if you too are looking for a few tips that could keep […]
A crisis situation like death of the earning head of a family, accident or serious illness can put you in a serious financial mess. You may need some emergency funds to take care of your family members until your family get out this mess. One thing you can do at this time is apply for personal loan. A personal loan is safe enough to get you and your family back on track.
1. Application for registration-(1) Every person, other than a non-resident taxable person, a person required to deduct tax at source under section 37 and a person required to collect tax at source under section 43C, who is liable to be registered under sub-section (1) of section 19 and every person seeking registration
1. Tax invoice (1) Subject to rule 5, a tax invoice referred to in section 23 shall be issued by the supplier containing the following details:‑(a) name, address and GSTIN of the supplier;(b) a consecutive serial number containing only alphabets and/or numerals, unique for a financial year;(c) date of its issue;(d) name, address and GSTIN/ Unique ID Number, if registered, of the recipient;
The electronic tax liability register under sub-section (7) of section 35 shall be maintained in FORM GST PMT-1 on the Common Portal and all amounts payable by a taxable person shall be debited to the said register.
Almost a month left for your exams and vagabond thoughts already filing up your minds and occluding your senses. This is the time when you start struggling with your beloved books, your family and of course yourself.
Central Government is satisfied that in the period commencing on and from the first day of July, 2012 and ending with the 20th day of October, 2015 (hereinafter referred to as the said period) according to a practice that was generally prevalent, there was non-levy of service tax on the services by way of advancement of Yoga provided by entities registered under section 12AA of Income-tax Act, 1961
As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission (FMC) or the Central Government applicable to recognised associations under the Forward Contracts Regulation Act, 1952 (FCRA) would continue to remain in force for a period of one year from the date on which FCRA was repealed (September 29, 2015)
