Whаt is XBRL: XBRL is а stаndаrdized соmmuniсаtiоn lаnguаge in eleсtrоniс fоrm tо exрress, reроrt оr filing оf finаnсiаl stаtements by Соmраnies. XBRL is оnly а methоd оf presentation оr reроrting. It dоes nоt mаke аny сhаnges in the соntent tо be reроrted. Full fоrm оf XBRL: The full fоrm оf XBRL is “EXTENSIBLE BUSINESS […]
Insolvency and Bankruptcy Code of 2016 has undergone many amendments till date. However, as the code is being brought into practice more and more scope of betterment could be seen. Recently it has been in news that it will undergo an amendment whose bill will be proposed in the upcoming winter session of the Parliament. […]
Online learning is getting immense popularity. If you are looking forward for continuing your education in this way, it is important to know how to stay motivated to complete your education. There are many benefits to studying online, but it’s also fair to mention that it requires a lot more self-discipline and motivation than you […]
The recent Maharashtra AAR with respect to M/s Jaishankar Gramin Va Adivasi Vikas Sanstha application, where the AAR has confirmed that grants received from Government is chargeable to GST@18%. The applicant being a charitable trust, the ruling is significant for us to understand what is a taxable supply and what is an exempted supply with […]
Parag Kishorchandra Shah vs. NFAC W.P. NO.11052 OF 2021 dated 27.10.21 Bombay HC Brief Facts of The Case i) Order dated 20.04.21 passed u/s. 143(3) r.w.s 144B; ii) Assessee had been filing responses to notices u/s 142(1); iii) Last 142(1) issued on 14.02.21 which was replied on 24.02.21; iv) On 17.04.21(Saturday) at 02:43 PM A […]
TRACES registration is mandatory for every deductor/taxpayer and PAO who wants to avail facilities provided by TRACES. Please click on this link for know about the facilities provided by traces https://taxguru.in/income-tax/traces-importance.html Before know about how to do registration on TRACES we need to know about that who is the Tax Deductor, Taxpayer and PAO. 1. […]
Understanding the assessment under Section 153A of the Income Tax Act. Can incriminating material found during a search on another person be considered?
Madras High Court held that if there is substantial compliance, denial of benefit of Input Tax Credit (ITC) which is a beneficial scheme and framed with the larger public interest of bringing down the cascading effect of multiple taxes ought not to be frustrated on the ground of technicalities.
देश और विदेश में बसें लगभग 3 लाख से ज्यादा सीए सेंट्रल और रीजनल काउंसिल के अपने अपने क्षेत्रों के सदस्यों को चुनेंगे जो संस्थान और सदस्यों की काबिलियत और नीति निर्धारण को सरकार और विश्व के समक्ष रखेंगे. पिछले 3-4 साल हमारे पेशे के लिए बहुत महत्वपूर्ण रहे हैं क्योंकि इस दौरान न केवल […]
People definitely see the dream of a house, whether it is a palace or a palace. Whether someone buys a house for himself from a developer or builds his own house on his land. But the question is, is everything really that easy? There are many cases when the buyer feels cheated. Has the introduction […]
