INPUT TAX CREDIT(ITC) ON GOODS AND SERVICES TAX BRIEF INTRODUCTION Input Tax Credit refers to the amount of tax, which a taxpayer pays on the inputs purchased, for providing outward… Read More
Simplification of process of formation of Section 8 Companies: With a view to simplify the process for incorporating Section 8 Companies, requirement of prior filing of INC-12 for new section-8… Read More
Direct Tax Updates: CBDT had exempted registered startups from the purview of the angel tax provision except for those that have already received tax demand notices with the intent of… Read More
Direct Tax Updates: Reference is invited to the Circular No. 3 of 2018 dated 11.07.2018 (the Circular) of Central Board of Direct Taxes (the Board) and its amendment dated 20th… Read More
Direct Tax Updates: The Income tax (I-T) department has relaxed its assessment and scrutiny norms for start-ups. In a circular it directed its officers not to raise additional tax demands… Read More
Tax Updates: India’s version of Google tax, or the equalisation levy, may now be applicable in Jammu & Kashmir. With Parliament passing a Bill to revoke Article 370, digital commerce… Read More
Goods and Services Tax is a new indirect tax system with new principal for example ‘place of supply’ & GST tax structures. Goods and Services Tax is apply in state… Read More
RBI Updates: RBI is likely to cut the benchmark policy rate by another .25% point this week, with growth concerns mounting across various consumption pockets and causing a protracted slide… Read More
Corporate and professional Updates on 5th August 2019 Direct Tax Updates: Finance Minister announced that there will be a change in the rule and the rate of TDS on the… Read More
MCA launching Company Forms on MCA21 V3 portal In our continuous endeavour to serve you better, the MCA is launching first set of Company Forms on MCA21 V3 portal. These… Read More