Sponsored
    Follow Us:

Shubham Bhalla

Latest Posts by Shubham Bhalla

Waterfall Structure of a fund

July 5, 2020 8643 Views 0 comment Print

Definition Waterfall structure is basically the process or sequence in which a money is distributed in a fund. The waterfall implies that until and unless the first tier is full with the water i.e money will not fall into the next tier. The fund has basically two types of partners: General Partners: Also known as […]

Section 194M TDS deduction by certain individual or HUF on certain expenses

May 31, 2020 2181 Views 2 comments Print

Section 194M related to deduction of TDS on Payment of certain sums by certain individual or Hindu undivided family was introduced by the Finance Act 2019. As per Section 194M any person being an individual or HUF making payment to any resident for carrying out any work  in pursuance of contract, by way of commission […]

Equalisation Levy- Services Covered, Rates, Payment, Due Date

May 12, 2020 21567 Views 3 comments Print

Logic for the introduction of Equalisation Levy In India an assessee is taxed if that assessee has permanent establishment in India. If the assessee does not have a permanent establishment in India then he would not be taxable in India. Many companies provide digital services to resident of India without being having a permanent establishment […]

Circular in Respect of Residential Status for AY 2020-21

May 9, 2020 4821 Views 3 comments Print

Income Tax Circular No. 11 of 2020 Dated  May 8, 2020 in Respect of Residential Status for Assessment Year (AY) 2020-21 Section 6 of the Income Tax Act deals with the Residential Status. An individual is said to be resident in India in any previous year, if he (a) is in India in previous year […]

Sponsored
Sponsored
Search Post by Date
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031