NEW CHANGES ON TDS: Section 192 (2D) – TDS on Salary: The person responsible for making the payment referred to in sub-section (1) shall, to estimate the income of the… Read More
Input Credit on Construction Services ITC ON SERVICES TAX RULE 2(l): Input Services “Input Service” means any service,- It is used by a provider of output service for providing an… Read More
India Liaison office management Foreign companies planning to set up their business operations in India need to start a liaison office. The main purpose of starting a liaison office is… Read More
ALL ABOUT INCOME-TAX ASSESSMENTS PROCEDURES, APPEALS & REVISION TIME FOR FILING RETURN OF INCOME [SEC. 139 (1)] Different Situations Due Date for filing Return 1. Where the assessee is a company… Read More
INCOME TAX SAVINGS THROUGH HOUSE PROPERTY Does your home, saving your income tax? Buying a house for self occupation can be biggest tax saving instrument. It saves your income tax… Read More
INCOME TAX CALCULATION – RESIDENTIAL STATUS Resident & Ordinary Resident Resident But not Ordinary Resident Non –Resident Residential Status of an Individual Based on the duration for which individual present… Read More
FAQ’s on Excise & its Registration Q1: What is Excise Duty? Excise duty is a tax which is charged on Manufacturer / Production of goods as well as from Importers… Read More
COMPLIANCES OF ONE PERSON COMPANY It was recommended in 2005, by the committee headed by Dr. JJ Irani. A one-person company is a company that has only one person its… Read More
EXPECTATIONS FROM - BUDGET 2015 As most of us are aware, the present government has come to power on agenda of development and controlling black money. Hence, budget proposal is… Read More
CAPITAL GAINS - EXEMPTION U/S 54, IN CASE OF INVESTMENT IN RESIDENTIAL HOUSE (CONSTRUCTION) House constructed by builder on behalf of assessee has to be considered for granting sec. 54F… Read More