Broad look at the Business Model of Coaching Industry Well, the topic says it all! I don’t know how many people will appreciate me writing this and I do not know whether this forum would be okay with someone addressing this issue. Okay, cutting to the chase, the coaching industry evolved solely due to schools […]
Return of allotment PAS-3 E-Form PAS-3 is required to be filed pursuant to Section 39(4) and 42(9) of the Companies Act, 2013 and rule 12 and 14 Companies (Prospectus and Allotment of Securities) Rules, 2014 which are reproduced for your reference. Section 39(4): Whenever a company having a share capital makes any allotment of securities, […]
A section 8 company which earlier was known as section 25 company is a legal form for nonprofit organizations (NPO) or Non-Governmental organizations (NGO). Section 8 company is licensed company which is authorized to work anywhere in the country. In this article I have compiled format of Standard Article of Association (AOA) and Memorandum of […]
Well, this is my first article on this forum, I have lately developed a passion for writing and have received fabulous responses from a lot of people! Kudos to the taxguru.in team who reached out to me and have invited me to share my thoughts on this forum! It’s an honor to be able to […]
Expectations of Humanities from Corporates World The basic existence of the Corporates is to satisfy the essential of the society by suppling goods and services as per the various consumer need. But the Corporates should also be allowed to make profit for their very being and sustainability. The Corporates drew a lot from the society […]
Today we are going to consider problem based on provisions of Sections 40(b)(v) & 40A(2)(a) of the Income Tax Act, 1961. PROBLEM :- M/s. X & Co., a partnership firm consisting of three partners enhanced working partners salary from Rs. 25,000/- to Rs. 50,000/- per month for each partner. The increase was in accordance with […]
Many of you would be very well versed/well accustomed to this sentence. I am pretty sure it would send jitters down any CA students’ spine when he/she glances through this news article, maybe on the Instagram post or any friend informing him/her or via any other means as may be possible.
Learn how to report stock market capital loss in ITR 2 and take advantage of tax relief options. Set off losses against gains and carry them forward for future use.
The dual model of GST (i.e. CGST/SGST + IGST) coupled with the issues related to the identification of the correct place of supply can result in situations wherein the taxpayer ends up charging and paying the tax under an incorrect head (e.g. he may pay CGST/SGST where IGST was payable or vice-a-versa).
Restaurant service is taxed under GST vide Sl. No.7 of Notification No. 11/2017-Central Tax (Rate), wherein the existing rate chargeable is specified @ 2.5%, with the condition that “credit of input tax charged on goods and services used in supplying the service has not been taken”. Further an explanation is also applicable on the above […]
