GST Impact on business loans Following the advent of GST, business loans became more expensive. This is because the GST was imposed at a rate of 18%. As a result,… Read More
CORPORATE AND PROFESSIONAL UPDATE JULY 10, 2015 All about Depreciation &Key changes in the Schedule II to the Companies Act, 2103 Depreciation is systematic allocation of the depreciable amount of an… Read More
Section 2(22)(e): Dividend Distribution Tax on Deemed Dividend: As per Section 2(22)e, where a closely held company gives a loan or extends an advance payment to the respective staff: A… Read More
Loss arising on intra-day trading in shares wasn’t speculative if such transactions were in nature of jobbing Section 73 of the Income-tax Act, 1961 - Losses - In speculation business… Read More
CBEC clarifies – Dealer Registration NOT mandatory for transit sale Background: Vide Notification No. 8/2015-CE. (NT) Dated 1st March 2015-05-08, the following proviso was added to Rule 11(2) of the Central… Read More
Highlights of New Proposed Goods & Service Tax (GST) The basic principal governing behind GST is to have single Taxation System for Goods and Services across the country. Currently Indian… Read More
Essentials of Drafting A Trust Deed According to the Indian Trust Act 1882, public trust registration is required to be undertaken and completed, where the author of the proposed trust indicates the following -… Read More
Solatium should also be taken into consideration while computing market value of an asset as on 1-4-1981 Section 48 of the Income-tax Act - Capital gains - Computation of Fair… Read More
MCA has recently introduced COMPANIES ACT Companies (Incorporation) Amendment Rules, 2015 vide Notification dated 1st May 2015. Key features being:- Verification of signature of promoter(s)/director(s) in Form INC 10 has been… Read More
A STEP TOWARDS GST, IN UNION BUDGET 2015 Taking a step towards GST, in Union Budget 2015, Honourable Finance Minister has proposed to abolish Education Cess and Secondary and Higher… Read More