Understand the new section 194R and its impact on perquisites provided in cash to employees or partners. Learn about the TDS deduction and its implications.
Salaried individuals can file income tax returns (ITR) using the forms ITR-1 or ITR-2. ITR-1 applies to individual resident taxpayers with a total income of up to Rs 50 lakhs. Whereas, ITR-2 applies to other individual taxpayers who do not have income from business or profession. ITR-1 can be used to report income from salary, […]
Section 17(5)(d) of CGST Act, 2017 cannot be construed in a narrow sense as to disallow credit of Input goods or services used for construction / Development of immovable property (Shopping Mall in this case) against GST payable on rent received from tenants
