Dissertation writing services are available to all students not only for the purpose of helping them complete an integral academic task, but ace it to absolute perfection. Not only does a Masters dissertation define your academic worth, reflective to your degree, but decides whether or not you will be able to graduate. Whether you decide […]
Income-tax Department has provided taxpayers with several deductions availing which they can reduce the taxable income thereby reducing tax liabilities. But there are several deductions such as section 80C, section 80CCD, section 80D, section 80G, etc which taxpayers know and avail while filing the income tax return. There are many other deductions knowledge of which […]
Deduction under section 80PA of Income Tax Act, 1961 Where the gross total income of an assessee, being a Producer Company having a total turnover of less than one hundred crore rupees in any previous year, includes any profits and gains derived from eligible business, there shall, in accordance with and subject to the provisions […]
SALES, TURNOVER & GROSS RECEIPTS TURNOVER: The initial test is to see if the total sales, turnover or gross receipts in business or profession during the previous year, as the case may be exceed the prescribed limit under section 44AB. However, the term “sales”, “turnover” or “gross receipts” are not defined in the Act, and […]
GST Council in 45th Meeting held on 17th Sep 2021 has agreed to correct the inverted duty structure on Footwear & Textile industries from 01-Jan-2022. -Finally on 18th Nov 2021, Notification No. 14/2021- Central Tax (Rate) –w.e.f 01.01.2022 rate of textile items increased from 5 % to 12%. Is this correction justified??? Before introduction of […]
Background – As per Section 62(1) (a) of the Companies act, 2013 if the Company decides to issue fresh shares, these should be offered to existing shareholders in proportion to existing persons who are holders of equity shares. ‘Right Issue’ means offering shares to existing members in proportion to their existing share holding. The object […]
Form GSTR 1 ♦ GSTR 1 shall contain the details of outward supplies and it shall be furnished monthly or quarterly as the case may be. ♦ Persons who have opted for QRMP scheme shall furnish GSTR 1 quarterly. ♦ Persons who have opted for QRMP scheme may furnish the details of B2B supplies (upto […]
TIME, VALUE & PLACE OF TAXABLE SUPPLY WHY IT IS IMPORTANT TO KNOW TIME, VALUE AND PLACE OF SUPPLY? ♦ TIME OF SUPPLY: It means the point of time when it is considered to be supply of goods or services, if the seller knows the exact time then it will help him to recognize the […]
Meaning of set off of Losses under Income Tax Act, 1961: Set off means setting of losses against profits of same head of income or may be different during the year. Meaning of carry forward of losses under Income Tax Act, 1961: Carry forward of losses means carrying the losses amount to be be set […]
Some of the business which can be transacted at meeting of the shareholders and such transaction shall be deal under the shareholders meeting that may be transaction under annual General meeting or may be extra general meeting of the shareholders under Companies Act, 2013. 1. Alteration of Memorandum of the company and Articles of the […]
