How to Get Income Tax Clearance Certificate
There are situations when it is mandatory to get income tax clearance certificate. For example when one leaves India permanently or when a non-resident who want to return back to his…
Composition of Levy Under GST
The condition to opt for composition we will be only available if the aggregate turnover in the preceding financial year did not exceed INR 50 lakhs. Following categories of taxable…
How to Revise Financial Statement under Companies Act 2013
There will be times when directors of the company will be of the opinion that financial statement or report given by the board do not reflect true and fair view…
Union Budget 2017-Benefit of Loss of House Property Limited to INR 2Lacs
Till now, if you had let out the property, you could claim unlimited interest amount as loss and the same could be set-off against other sources of income. With recent…
What Kind of Proof or Details an Employer should take from Employees while Deducting TDS?
In any company collecting, verifying and maintain the information for investment proof is a challenge. This can be only done if you have the clarity on the kind of information…
Disqualification of Directors under Companies Act 2013
If you are planning to start a company or looking to appoint additional director or reappoint a director, Then first thing you should check whether proposed director is qualified for…
Declared Service Under Service Tax Act
Service tax act 1994 lays down taxability of services under various categories. However there are services which have been declared as services. Below is the extract of Section 66E renting…
Transitional Provisions under GST Part5 –Treatment of Change in Price of Services and Goods After GST is implemented
There could be a situation where price of goods or services are revised after GST is implemented. In this situation, question arises what will be treatment of such goods or…
How to Borrow Money from Non-Resident Indian or Person of Indian Origin
In India borrowing of money from NRI or Person of Indian Origin is governed by FEMA act, relevant rules and notifications issued by RBI The borrowing of money can be…
Transitional Provisions under GST Part4 –Treatment of Return of Goods After GST is Implemented
There could be a situation where exempt goods or duty paid goods are returned after GST is implemented. In this situation, question arises what will be treatment of such goods?,…