A derivative is nothing but a bet. We in our daily lives enter into a derivative contract (place a bet) without even knowing about it, say while watching a cricket match. To make you familiar with one of the derivative contract let me give you an example. Let’s say you have to buy a cable connection for your televison.
Section 44ADA is inserted with effect from financial year 2016-17 and deals Special provision for computing profits and gains of profession on presumptive basis for Certain professionals referred to in section 44AA(1) of the Income Tax Act whose total gross receipts from profession does not exceed Rs. 50 lakhs in a financial year.
Tax is a financial burden on any person. One cannot do financial planning without considering the tax liability. Every person devotes his time and energy to plan his tax liability but still he doesn’t able to save much as he like’s too. The main reason is because mostly financial planning is done conventionally.
Insurance is a basic expenditure which you must factor for preventing yourself from costs which you perhaps couldn’t afford in case something goes wrong. Car accidents, medical emergencies, theft, accidental damage, and more could happen. For protecting your finances, and securing the future of your family, it’s best to seek out insurance plans such as […]
Implementation of GST- permission to use stickers for revising the retail sale price of pre-packaged commodities due to reduction of GST rates on some products w.e.f. 27th July 2018 and to ensure that the benefit of reduction of GST is passed on to the consumers -reg.
CBDT extends ‘due-date’ of filing income-tax return for assessment-year 2018-2019 as prescribed in section 139(1) of the Act, from 31st July, 2018 to 31st August, 2018.
A family health insurance is a kind of policy that offers coverage to the members of a family, and covers the costs of their medical or surgical expenses. Depending on the terms of the policy you have, you can either pay your expenses from your pocket and then get reimbursed, or the expenses can be paid by the insurance company directly to the healthcare provider.
CBIC notifies vide Notification No. 17/2018-Integrated Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018 that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated neither as a supply of good nor a service. Government of India Ministry of […]
Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM) vide Notification No. 16/2018-Integrated Tax (Rate), Dated: 26th July, 2018 with effect from 27th of July, 2018. Government of India […]
Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services with effect from 27th of July, 2018 vide Notification No. 15/2018-Integrated Tax (Rate), Dated: 26th July, 2018 as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. Government of India Ministry of Finance (Department of […]
