"Learner of Tax Laws and CA in practice."
The concept of TDS was introduced with an aim to collect tax from the very source of income. Currently there are 36 provisions in the Income Tax Act which require TDS deductions from various payments. There is a recent insertion of section 194Q vide Finance Act 2021. With introduction of Section 194P and 194Q, there […]
India may be the fastest growing major economy in the world but that means little to the country’s 136 Crore people, many of whom continue to struggle to find the right kind of jobs. India’s unemployment rate stood at 7.97% in 2021 as compared to 6% in 2018 (Source: CMIE). With lakhs of young people […]
Levy of GST on Interest Free Security Deposit and Notional Interest was put in front of AAAR, Maharashtra. The appellate authority held that the definition of consideration is inclusive and the consideration may be in cash or kind. The payment received towards Interest Free Security Deposit will not be treated as consideration
Institute of Chartered Accountants of India made UDIN mandatory with effect from 1st February 2019 to curb the very malpractice of fake certificate issuance by ICAI non members. As per Institute’s website “It was noticed that financial documents/ certificates attested by third person misrepresenting them as CA Members are misleading the Authorities and Stakeholders”. ICAI […]
