Understand the taxation of dividends in the income tax act. Learn about the distribution tax, exemptions, and implications for shareholders.
Dear professional colleagues, it is an attempt to consolidate all relevant extracts of applicable GST Law in context to 3rd Party Exports. Article explains Meaning of Third-party exports, Provisions contained in GST Law related to Third-party exports, Period for Actual Export and Documents evidencing Actual Export. Meaning of Third-party exports As per point 2.42 and […]
Compounding takes place when the interest generated on the principal in the first period is added back to the principal in order to calculate the interest for the following periods. Thus, generating returns on the returns becomes a chain reaction as long as your money remains invested in the financial instrument.
This Article discusses the issue of taxpayer with regard to implications of 20% Rule [Rule 36(4)] of CGST Rules 2017 with regard to supplies from Quarterly suppliers. The CBIC released an important notification no. 49/2019 on 9 October 2019, inserting a new sub-rule (4) under rule 36 of the CGST Rules, 2017, stating that provisional credit […]
ANX-1 1. In Table 3A of ANX-1 state wise entry is required to be made for B2C Supplies. State once selected as place of supply shall contain all entries of a tax period for that state. However if state is once selected the same state also appears in next selection of place of supply also. […]
Note on Retrospective Operation Of Benami Transactions (Prohibition) Act, 1988: Section 1(3) provides that ‘the provisions of section 3, 5 and 8 shall come into force at once (5th September 1988) and the remaining provision of this Act shall be deemed to leave come into force on the 19th day of May,1988. The decision of […]
Understand the amendments in the Indian Stamp Act, 1899 wef 09.01.2020. Learn about the rate, liability, collection mechanism, and more.
The Draft Model Tenancy Act, 2019 proposes to create a legal framework to bring harmony to the landlord-tenant relationships and balance the scale for both the parties. This Act aims to bring stakeholders together and bring rental housing reforms to create an effective rental housing ecosystem in the country India has nearly 11.09 million vacant housing units in urban areas and legal framework […]
The main objective of Real Estate (Regulation and Development) Act, 2016 (RERA) is to enhance transparency, accountability in the real estate related transactions by creating a systematic and a uniform regulatory environment, thereby protecting consumers’ interest and making promoters liable for timely completion of projects along with committed specifications, facilities and amenities. In order to […]
1. Background and our understanding: 1.1 Zolo Traveltech Private Limited (hereafter referred as ‘The Company’). The Company has a place of business at Haryana in India. The Company is mainly engaged in the business of “Passenger Transportation Services” via Offline booking mode and Online booking mode through Electronic Commerce Operator like Paytm, Red Bus. Bookings […]
