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…
Annual Information Statement (AIS) Version 1.0 (October 2021)
Annual Information Statement or AIS is comprehensive view of information for a taxpayer displayed in…
MCA Notifies Amendments in Schedule-III of Companies Act, 2013 Effective From 01.04.2021
The Ministry of Corporate Affairs, Government of India, issued notifications dated 24th March, 2021 to…