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Amol Mahajan- L.l.b., Ca

Latest Posts by Amol Mahajan- L.l.b., Ca

TDS under section 194R Circular – a few observations

June 28, 2022 15954 Views 1 comment Print

The Finance Act, 2022 has inserted w.e.f. 1-7-2022 a new TDS section 194R for deduction of tax @ 10%, on any benefit or perquisite, arising from business or profession, of a resident. CBDT in its Circular no. 12 of 2022 dated 16 June 2022 has come out with the guidelines in the form of Q&As […]

Residency Test in India – for Individuals

April 23, 2020 12369 Views 1 comment Print

Taxation of a person depends on his residential status in the country.  Section 6 sub-section (1) of the Income Tax Act, 1961 provides the circumstances under which an INDIVIDUAL is said to be Resident in India.  Once the INDIVIDUAL is said to be resident in India, then we need to find out if he qualifies […]

What does not attract GST?

July 29, 2018 3510 Views 1 comment Print

Article Explains What do not constitute supply under GST Law, What is non-taxable supply, What is exempt supply And What is zero rated supply. Zero rated supply i) export of goods or services or both, or ii) supply of goods or services or both to SEZ developer or SEZ unit

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