The transfer of a capital asset is considered a capital gain or loss, depending on the circumstances. The charging section of the Income Tax Act of 1961, Section 45(1), states…
We are aware that the life insurance policy comes with a number of benefits, one of which is a tax benefit. The tax benefit can be taken as a tax…
Background: In accordance with Section 62(1) of the Companies Act of 2013, if the company decides to issue new shares, those shares must be made available to existing shareholders in…
Article Compiles list of 149 Type of Goods which are exempt from Tax under GST with respective HSN Code and Description of Goods as per Notification No. 2/2017-Central Tax (Rate)…
Minimum Alternative Tax (MAT) and its computation of book profit and MAT credit under section 115JB of Income Tax Act, 1961 IntroductionThe Minimum Alternative Tax (MAT) is a provision in…
We have seen a number of changes in the GST Regime, including changes made to returns. The government introduced GSTR-3B, which is a summary return, for a brief time, along…
Cash transactions (Cash sale limit) are not restricted by the CGST Act of 2017, but the Income Tax Act of 1961 periodically imposes restrictions on cash receipts, payments, and withdrawals…
Because it is a legal entity, a company needs its own name to establish its distinct identity. The company's name is a sign of its independence as a business. The…
The Hon'ble Money Priest Mrs. Nirmala Sitharaman had introduced the Association Spending plan 2021 on first February, 2021. The Hon'ble Minister of Finance, Mrs. Nirmala Sitharaman, had proposed expanding the…
The meaning of registered office, the step-by-step procedure for shifting a company's registered office, the steps after obtaining a new certificate from the ROC, and the provisions for verifying registered…
When a layperson wants to start a business, it's often hard to decide which business structure is best for their new entity. An entrepreneur can choose from a variety of…
CPC Bangalore issued an income tax refund check that was returned undeliverable or not credited because of incorrect account information, an expired check, or other reasons.Presently days Assessee who record…
Q.1: Where can I find comprehensive step-by-step instructions for submitting an application?Ans. For more information, please see the DGFT website's HELP file.Q.2: How can I tell if a BRC is…