No exemption for ‘resident dwelling’ to collective leasing of property for student accommodation: AAR
AAR of Karnataka gave an important ruling dated March 23, 2020 regarding the taxability of services provided by the applicant in a case of...
How to Open PPF Account: Complete Guide (2020)
The PPF is an instrument in India which is very popular for investment and tax savings. This scheme provides a reasonable...
Partial Roll Back of Tax Residency Rules For Individuals
Like most other countries, India also considers the number of days spent by the individual in India to determine the tax residency status of...
FAQ & Clarification- Employer to take declaration form employee for Option under section 115BAC
The Ministry of Finance has came with clarification on which Income Tax Slab Rate TDS needs to be deducted by employer on Salary of...
Extension of time for Submission of Form 15G/Form 15H for FY 2020-21
The Central Board of Direct Taxes (CBDT) has allowed Extension of time for Submission of Form 15G/Form 15H for FY 2020-21 to avoid TDS...
GST Registration: Complete Guide (Updated: 2020-21)
GST REGISTRATION: INTRODUCTION
GST or Goods or Services Tax is a consumption based tax, it is an indirect tax which levied on sale, manufacturing, consumption,...
ALL ABOUT REFUND UNDER GST
Refund is very important provisions under GST laws and It is granted to eligible taxpayers on meeting out certain conditions. So this article "All...
Date Extended For Opting for Composition Scheme for FY 2020-21- [Read Notification]
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme for FY 2020-21 by normal taxpayers....
Analysis of Case Laws- Cash Sales before Demonetization period
This article covers analysis of case laws- Cash Sales before Demonetization period. Issue under Income Tax Covered here is-
Questions
Whether books of account can...
ICAI issues Addendum to the Guidance Note on Bank Audit, 2020
Auditing and Assurance Standards Board of ICAI has issued an Addendum to the Guidance Note on Bank Audit, 2020 Edition to provide guidance to...
EDITOR PICKS
GST Registration: Complete Guide (Updated: 2020-21)
GST REGISTRATION: INTRODUCTION
GST or Goods or Services Tax is a consumption based tax, it is an indirect tax which levied on sale, manufacturing, consumption,...
Customs hearings to be conduct in virtual mode- Guidelines Issued
The Central Board of Indirect Taxes & Customs , on account of recent outbreak of COVID-19 (Coronavirus) vide Instruction No. F. No. 390/Misc/3/2019-JC,dated 27th April, 2020 has...
Cabinet approves scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)
Cabinet approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to boost exports Scheme for enhancing Exports to International Markets
...
FAQ & Clarification- Employer to take declaration form employee for Option under section 115BAC
The Ministry of Finance has came with clarification on which Income Tax Slab Rate TDS needs to be deducted by employer on Salary of...
How To Determine Residential Status in India
Like most other countries taxability of an individual in India depends upon his residential status in India. Determination of Residential status in India is very...
