Understand Indias taxation history and current system with a look at Progressive Taxation. Discover how Mauryan Empire in 200 BCE laid the foundation for modern income tax systems today.
Understand the requirements of Accounting and Irrevocable Gratuity Trust to Discharge Gratuity Liability for Indian Private & Multinational Companies. Payment of Gratuity Act 1972 and 5 years of continuous service explained.
E-invoicing under GST or electronic invoicing is the invoice document exchange between a supplier and a buyer in an integrated electronic format. The government of India announced on October 2022 as India moves towards complete digitalization it is mandatory for businesses above 10 crores to file for e-invoices. In the near future government will lower the threshold to bring all businesses under e-invoicing.
The question arises: when to apply TDS to year-end provisions when the payee is unknown? Learn how to account and deduct TDS when not known with this blog post.
Understand the calculation of interest on 180-days reversals under GST with the CGST Act, section 50(3). Learn why availment and utilization cumulatively trigger interest levy!
SC allows Section 10(26AAA) exemption to a sikkimese woman who marries a non-sikkimese-held in 146 taxmann.com 271(SC). Find out what this ruling means & what it can mean for you!
As a matter of practice, the Research Analysts, by virtue of this circular are now required to facilitate investor awareness about the various activities which an Analyst deals with while availing the services provided by RAs. It is an Investor Charter for Research Analysts.
This blog post looks at the requirement of Section 194-IA of Income Tax Act, 1961 to deduct TDS on the sale of immovable property. Discover how and when to deduct TDS.
Clause 78 of Section 2 of Companies Act, 2013 defines ‘Remuneration’ which means any money or its equivalent given or passed to any person for services rendered by him and includes perquisites as defined under Income-tax Act, 1961.
There is a marked distinction between the nature and character of the two amounts – the employer’s liability is to be paid out of its income whereas the second is deemed an income, by definition, since it is the deduction from the employees’ income and held in trust by the employer. This marked distinction has to be borne while interpreting the obligation of every assessee under Section 43B.
