Discover the different types of post-sale discounts and incentives offered in trade practices, along with their implications and treatment for GST. Learn how to differentiate between trade discounts and separate supply transactions.
Input Tax Credit is admissible when consideration is paid through book adjustment as detailed above, subject to the other conditions and restrictions prescribed in Section 16, 17 and 18 of the CGST Act, 2017 and the rules made there under.
Explore the game-changing potential of 5G technology in modern society. Learn about its high-speed data transmission, real-time communication, and diverse applications across industries, while addressing challenges like network security.
Learn how to conduct a Social Audit for incubators supporting social enterprises. This SAS 800 guide covers evaluation, key metrics, and challenges.
Learn the distinctions between Private, Public, and One Person Companies based on applicable sections, capital, members, directors, and more.
Learn about House Rent Allowance (HRA) and its tax benefits. Find out who is eligible to claim HRA and what to do if you don’t receive HRA.
If a person is eligible to obtain an Aadhar Card, it is mandatory to link it with the PAN card. Although, NRIs are not required to obtain an Aadhar and accordingly, not required to link their PAN with Aadhar, but the Income Tax Department has mandated that NRIs have to update the income tax portal on their residential status as ‘Non Residents’.
Section 54 of the Income Tax Act prescribes that an individual selling property can avail of tax exemption if the Capital gain amount is invested in the purchase or construction of residential property.
Unlock the nuances of Secretarial Standards-1 (Meetings of Board of Directors) and Secretarial Standards-2 (General Meetings) under the Companies Act, 2013. Dive into key compliance aspects like notice requirements, quorum, and minutes preservation. This comprehensive guide outlines the applicability, differences, and specific criteria for meetings, ensuring companies adhere to the regulatory framework for successful corporate governance.
Learn about the process of incorporating a Section-8 Company, annual compliance requirements, and registration fees. Get insights on privileges and obligations.
