WHAT IS A FAKE INVOICE? Though, Fake Invoice is not defined under Goods & Services Tax Act, 2017. But in general, Fake Invoice refers to an Invoice which does not comply with the provisions of the Act and Rules. In simple terms, When a registered person issues a Tax Invoice without actual supply of goods […]
INTRODUCTION There are different ways in which one can share good fortune with others in an organized and enduring manner and receive legal protection as well as tax benefits. The most of common structures for providing social benefit i.e. Non-Profit Organization in India are Trust, Society and Section 8 Companies. Any organization donating its funds […]
How to repatriate the amount from NRO account to NRE account in compliance with Income tax Act, 1961 and Foreign exchange management Act, 1999? 1. Whether a resident relative (Father) can deposit money in his son’s Account? Yes, a resident relative (father) can deposit money. 2. What would be tax implication in respect of question […]
In preparation for the CS exam, students study the basics of business law. But in the executive phase, the subject is introduced to familiarize students with the various laws of economics and commerce. Knowledge of legal regulations is not only important for CS students to pass exams, but also to understand the economic development of […]
Discover the concept of income and its various sources. Learn about salary, business profits, dividends, and more in this comprehensive guide.
खाद्य पदार्थों, दवाईयों और अन्य जरुरी सामग्री के मंहगी होने के प्रमुख वजह मुनाफाखोरी ही है. उत्पादक और उपभोक्ता के बीच बिचोलियों का होना और ज्यादा मुनाफे की चाह ने अनैतिक मुनाफाखोरी, मिलावटखोरी और कालाबाजारी को जन्म दिया जिससे न केवल मंहगाई बढ़ी बल्कि आम व्यक्ति का जीवन मुश्किल कर दिया. उपरोक्त तथ्य से साफ […]
Innovation of GST In any welfare state, it is the prime responsibility of the government to fulfill the increasing developmental needs of the country and its people by way of public expenditure. France was the first country to implement the GST in 1954, since then an estimated 160 countries have adopted this tax system in […]
As per section 17(5)(d)-goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business. So, from above section it is quite clear that ITC […]
With CS executive, the exams are always pretty close and everyone is gearing up to get the best results in the exam. Today we bring you the key topics for CS Executive for the upcoming exams for 2021 and 2022. Students expecting 60+ points should prepare the entire curriculum and be ideally adaptable to any […]
New Form MGT-7A Abridged Annual Return for Small Company and OPC : Applicability and Due Dates MCA notified new FORM MGT-7A – Abridged Annual Return for OPCs and Small Companies for Financial Year 2020-21 vide Companies (Management and Administration) Amendment Rules, 2021 with effect from 5th March, 2021. As per the Notification, in the Companies […]
