The aim of any businessman is to earn profits. However, if by…
Understanding New Equalisation Levy & TDS on e-Commerce Transactions with Practical Illustrations
With the expansion of information and communication technology, the supply and procurement…
CIT couldn’t cancel trust’s registration just by referring to amended provision of Sec. 2(15)
Power of cancellation of registration can be exercised by Commissioner, where Commissioner…
When is the New Personal Tax Regime u/s 115BAC Beneficial?
The new FY 2020-21 corresponding to the AY 2021-22, has already started…
Applicability of the Finance Bill 2020 on travel companies
The Finance Bill introduced a new Section (194-O) which requires every e-commerce…
Double Taxation of Employer’s Contribution in NPS (National Pension Scheme) by the Finance Act, 2020
Contribution in NPS (National Pension Scheme) account of the employee is includible…
Gujarat HC quashes reassessment as there was no failure on part of assessee to disclose material facts
Where Assessing Officer completed assessment of assessee under section 143(3) and later…
Analysis of tax issues arising in Joint Development of Property
Joint development is a popular method of development of property. Here, an owner of…
Subsidy received for repayment of term loans undertakenfor setting up new unit was non-taxable capital receipt
Where assessee received subsidy for repayment of term loans for technology up…
Ordinance 2020: New interest rates on delayed payment of taxes
It has been provided in the Ordinance 2020 that any delay in…