Section 43B- Deductions Allowable On Payment
February 24, 2021
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As a taxpayer, you might be claiming different expenses & exemptions to lesser your income tax liability, but do you
As a taxpayer, you might be claiming different expenses & exemptions to lesser your income tax liability, but do you
As per the Notification No 94/2020 – the amendment in Rule 21A of GST Rules, 2017 came to effect, which
A vested right counted as an absolute right over any asset which cannot be taken over without the consent of
The purpose of this Article is for the advice Standard Process of GST Rule, When GST Registration got Suspension. It
The Union Budget 2021 has given an easy route to comply the TCS under GST Rule. TCS also known as
As we know that the union budget comes into effect recently, Union budget of 2021-22 highlights that senior citizen above
Few Days before the government has come up with a significant change with regards to the e-way bill generation facility
Registration under Foreigners Regional Registration Officer (FRRO) is essential requirement by the Government of India under which all foreign nationals
The term –Ease of Doing Business is popular nowadays and under this ‘Ease of Doing Business (EODB)’ several amendments are
Deferred Tax Liability (DTL) and Deferred Tax Asset (DTA) forms an essential part of Financial Statements. This adjustment made at
The prime concern of RERA act is to maintain transparency in Real Estate sector and cutoff the trend of Diversion
Section 194E deals with the provisions of TDS deduction on payment to a non-resident sportsmen or sports association. According to
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has identified some flaws in the maintenance of an escrow account which
Income tax return filing is a scheduled procedure of every taxpayer and has to be filed every year. The income
Real Estate (Regulatory and Development) Act, 2016 is an Act of Parliament of India which seeks to protect homebuyers as
When the same income of yours is taxed more than once, it creates double taxation. This can be done when
In a significant judgment, the Supreme Court state that despite the enactment of a special 2016 law, Real Estate (Regulation
SFT is also known as Special Financial Transaction which is a report of specified financial transactions by specified persons including
The Real Estate Appellate Tribunal which also known as REAT has been set up to hear appeals against orders passed
This article is only meant for salaried class employees and not meant for individuals who are having business Income. As
The property buyers in India whether they are home buyers or those who want to purchase property as an investment,
Amortization of preliminary expenditure is allowed as deduction under the Income Tax Act- section 35D. Section 35D of Income Tax
For any violation or contravention of the provisions of the RERA Act, a buyer can file a complaint with the
The MCA (Ministry of Corporate Affairs) has amended the Companies (Corporate Social Responsibility Policy) Rules, 2014 via notification on 22nd
The builder-buyer agreement is an essential legal document for home buyers. It is termed as a contract which contains all
Under RERA Act, it is essential for the promoters to register their real estate project to sell, advertise, market, purchase
A “Real estate agent” is a person/individual who acts on behalf of another person in a real-estate transaction. Real estate
In light of the GST investigation wing recently find few cases of fake invoices and fake firms, which also resulted
The Central Board of Indirect Taxes and Customs (CBIC) has introduced new rule 86B vide notification number 94/2020 on 22nd
The Goods and Services Tax Network i.e. GSTN has issued the advisory related to Auto-population of E-Invoice details in GSTR-1/2A/2B/4A/6A.
Remission of Duties and Taxes on Exported Products (RoDTEP) is a new scheme to replace the existing scheme called MEIS
Any case under diverse tax laws, including GST, might take an adequate amount of time. The pendency of any proceedings
In the 35th meeting of the GST Council, the council has decided to implementation a system of e-Invoicing, which will
The fake invoices are those invoices where the GST invoices are raised by an entity without payment of GST or
Most Common Deductions are categorized in the following Categories for better and easy understanding- Income Based Deductions Standard Amount of
The CBIC (Central Board of Indirect Tax and Customs) had released a notification on March’23,2020, about Aadhaar authentication for GST
Every registered person is needed to compute his/her tax liability on a monthly basis by setting off the ITC (Input
Dropshipping is a business in which the seller sells the goods which he/she does not own at time of selling
In this digital era, day by day e-commerce transaction is increasing rapidly in the view of this even government introduced
After Corona pandemic relief, income-tax audit season is approaching now. Now, let’s understand what are the important points of GST
Input tax credit a.k.a. ITC is the tax paid on the purchase of goods or services which can be set
Digital economy is an economy which is digital technology based, although we progressively deemed this as conducting business via those
Due date Extension of Tax Audit, GST Audit, ITR,TAR will released today. For Detailed Information See Our Exclusive Video.
E-Invoicing is also known as electronic invoicing’ creates a system through which B2B invoices are electronically authenticated by GST Network
QRMP scheme is also known as Quarterly Returns with Monthly Payment Scheme is for eligible taxpayers to file their Form
The Income-tax (IT) department checks the return of income for its correctness. The procedure of reviewing the return of payment
CGST ACT, 2017- Section 67 to 71 explains the circumstances where in search, seizure and arrest under GST can be
Finance Act, 2016- Equalisation Levy- CHAPTER VIII- Section 163 to 172 deals with Equalisation levy definition, interest, penalty, filing of
A “POA” is abbreviated form of power of attorney which is a legal document that allows you to appoint another
Trademarks are unique signs that are used to identify goods or services from a specific company. Trademarks can be pictures,
