How to Remove a Director under Companies Act 2013
The process to remove director is covered by section 169 To which all situations does this section does not apply Director appointed by the Tribunal under section 242 Where the…
How to Correct Wrong Assessment Year in TDS Challan
Many times it happens that we select wrong assessment year while making TDS payment. So now the question arises how to correct this error? There are two approaches to solve…
When IGST is applicable?
IGST is applicable on following types of transaction: When there is supply of goods or services in the course of inter-state trade or commerce and the location of the supplier…
Whether Service Tax is Payable on AdSense Income?
With digitisation, it has become quite common to earn income from websites. One of the popular ways to earn money from website is google AdSense. So now the common question…
Transitional Provisions under GST Part6 –Treatment of Claim for Refund Pertaining to Taxes Paid Earlier
There could be a situation where refund has to be claimed for amount of cenvat credit or input tax credit paid before GST once becomes effective. This situation is addressed…
Whether it is compulsory to charge service tax once service tax registration is taken
In service tax, there is exemption for small service providers, where one need not pay service tax if the aggregate turnover of taxable services does not cross INR l0 Lakhs.…
Transitional Provisions under GST Part9 –When There is a Revision in Return After GST becomes effective
There could be a situation when a return filed by registered taxable person with regard to the Service Tax or Excise Duty or VAT undergoes revision. In such a scenario,…
Transitional Provisions under GST Part8 –Treatment of ServiceTax, Excise Duty and VAT Output Under Dispute
There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount of Service Tax or Excise Duty or VAT…
Transitional Provisions under GST Part7 –Treatment of Tax Amount
There could be a situation where there is a dispute between the department and registered taxable person with regard to the amount Cenvat credit or Input Tax credit. In such…
Situations where Cash expenditure of INR 10000 and above would not be disallowed under Income Tax Act
With recent changes in budget, cash expenditure limit has been brought down from INR 20000 to INR 10000. However as per rule 6DD of Income Tax, for following transaction this…