Following the previous post, we are here with some unknown yet useful features of Pivot that can enhance our work quality on a day-to-day basis. In this post we will be looking into the Pivot Charts, Filters and Slicers, Timelines and the feature of Calculated Fields in Pivot.
In this article, we have covered various unresolved issues w.r.t 10(23C) and 12A. The Article addresses core confusions around filing of Form 10A by 10(23C) approved Institutions and demands remedial action or clarifications for all the issues.
What is Cryptocurrency? Cryptocurrency is not a traditional ‘currency’ but is a virtual or digital representation of money’s worth and not something which is available in a tangible and physical form. Cryptocurrency is a digital currency that can be exchanged online for goods and services, but uses an online ledger with strong cryptography to secure […]
Open letter to FM requesting extension of safe harbour limit u/s 43CA & 56(2)(x) of the Income Tax Act. Learn why it’s crucial for real estate developers and home buyers.
Form 15CB FAQs Q.1 What is Form 15CB? Form 15CB is a certificate to be furnished by an Accountant in cases where any payment / aggregate of payments exceeding ₹5 Lakh in a FY, chargeable to income tax is made to a Non-Resident, not being a Company or to a Foreign Company, and a certificate from the AO u/s […]
Form 15CA FAQs 1. What is Form 15CA? As per Section 195, every person making a payment to Non-Residents (not being a Company), or to a Foreign Company shall deduct TDS if such sum is chargeable to Income Tax and the details are required to be furnished in Form 15CA. A person responsible for making […]
Goods and Services Tax (GST) was introduced in India with much fun and fare and ceremoniously on the midnight of 30th June and 1st July of 2017, almost four years now. While it was considered to be the most important tax reform of independent India, it has misfired on various counts. India shifting from a multi indirect […]
A new section 194Q is proposed to be introduced effective from 1st July 2021 towards TDS on purchase of Goods. Background: As per the estimation, it is said that only 5% of the Indian population files Income Tax returns and out of which only 1% pays tax. Government has been trying relentlessly to plug the […]
Why the conflict over depreciation of goodwill: To understand this from a layman’s perspective – any deduction by way of depreciation leads to reduction in profits from Business or Profession and thus Total income. What does that lead to -For the Government – reduced tax. -For the Buyer – reduced cost of acquiring an asset […]
Tripura High Court held that abatement of duty can’t be withheld solely on ground that Superintendent did not record that sealing was done in such a manner that machine could not be operated as it was not within the control of the Appellant in what manner the Superintendent passed an order after sealing the machine.
