What is Input Tax Credit(ITC):-ITC means deducting the tax paid on Inputs and Inputs Services from the tax payable on final output.What are conditions for claiming ITC(Section-16):-There are flat twelve conditions for claiming input tax credit under ..
Introduction to Legal Maxims, usage of legal maxims in taxation, usage of legal maxims in commercial litigation, Case Laws relevant largely to the application of legal maxims. Case Laws � Taxation and Commercial Litigation. ..
IntroductionPost-independence there were varied structures of indirect taxes prevailing in India such as Sales tax (subsequently changed to VAT ) charged on ..
The Department for Promotion of Industry and Industrial Trade (DPIIT), under the aegis of ministry of commerce and Industry issued a notification on February’ 19, 2019 that will go on a long way to prove a boon to Startups fr ..
Section 80EE (Income Tax Deductions For Interest On Home Loan) under this, an Individual can claim deduction on the interest portion of the Home Loan taken from any financial institution or a housing finance company. ..
The Interim Budget 2019-2020 is a political budget in view of ensuing elections ..
Interim Budget Highlights-2019Direct Tax:- 1. Tax Rebate on total income up to 5,00,000/-(Section 87A).2. Standard deduction for salaried increased from 40,000 to 50,000.3. Notional rent not payable on holding up to 2 House properties.4. TDS threshol ..
MEANING OF PROFESSIONALSProfessionals for the tax purposes in India include Architects, Chartered Accountants, Company Secretaries, Cost Accountants, Doctors, Engineers, Lawyers, Technical Consultants, Interior Decorators, Film Directors, Cameramen, ..
In the recent landmark judgement by the Hon�ble Bombay High Court, in the case of SBI Cards & Payments Services Pvt. Ltd. v. Rohidas Jadhav.F ..
Unit-Linked Insurance Plans (ULIPs) are a great product offering the dual benefits of insurance and investment. However, there are various myths which are floating around ULIPs, stemming from the misunderstanding about their liquidity, objective, ret ..
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