GST regime – tax rate and procedural changes coming into effect from January 1
The GST regime will see a host of tax rate and procedural changes coming into…
GST Recovery by Government without notice
As per the Finance Act 2021, the government is empowered to send its recovery officials…
Dangerous Section Of The GST Act Notified
Government Finally Notified Most Dangerous Section Of The GST Act Vide Notification No. 39/2021- Central…
TAX IMPLICATION ON TRANSFER OF AGRICULTURAL LAND
Gain or loss arising from transfer of Capital Asset shall be considered as a Capital…
Compliance Calendar for the Month of December 2021
Compliances has to be followed for the month of December-2021 in the following applicable cases.…
Reverse Charge Mechanism (“RCM”)
Normally, the supplier of goods or services or both charges and collects the tax from…
Depreciation on Livestock
In the famous judgment of Commissioner of Income Tax vs Ruia Stud & Agricultural Farms:…
Bank Fixed Deposits – Taxability, Deduction & Tax Planning
We know that Bank Fixed Deposits /Recurring deposits are the most trusted instruments for savings…
Startup Recognition & Tax Exemption
Startup Recognition: Under the Startup India Action Plan, startups that meet the definition as prescribed…
Draconian provisions of penalty & prosecution of TDS/TCS compliance
The concept of TDS was introduced by government through Chapter-XVII-B with an aim to collect…