Article clarifies the confusion surrounding Input Tax Credit (ITC), depreciation, and output tax on Sale of Used vehicles/Cars according to Notification No- 8/2018 (Central Tax Rate) dated 25.01.2018.
Explore intricacies of new 20% TCS on NRIs’ remittances in India. Learn about exemptions, challenges, and strategic steps to recover additional tax burden.
Explore the Delhi High Court judgment on refund applications, clarifying Rule 89(2) compliance. Learn how deficiencies may not apply if conditions are fulfilled.
Discover essential tips for handling GST department audits efficiently. Learn about legal provisions, preparations, good practices, and expert strategies to ensure a smooth compliance process
Explore the intricacies of forming a new Pvt. Ltd. company and navigate quarterly, half-yearly, and annual compliances. Dive into detailed steps, legal requirements, and essential timelines.
In this discourse, we delve into the definition of KMP, explore the criteria for their appointment, elucidate their roles and responsibilities, and decipher the meticulous procedure governing their designation.
Explore provisions and penalties in the Income Tax Act 1961 regarding cash transactions. Understand limits for loans, deposits, and repayments to avoid penalties.
Dive into the world of equity mutual funds in India, exploring types like large cap, mid cap, small cap, multi cap, sector/thematic, and international/global funds. Analyze their performance over various periods to make informed investment decision
Understand CBIC’s directives on taxability in secondment cases post NOS Supreme Court judgment. Learn impact on GST, clarifications, and when Section 74(1) of CGST Act is invoked.
Explore key provisions of LLP (Amendment) Bill, 2021, aimed at promoting startups, decriminalizing offenses, and enhancing business ease. Learn about impact on LLPs and business landscape.
