Super premium taxation, a need or an obligation?
On February 1, 2023, the Hon’ble Finance Minister, Nirmala Sitharaman, presented the Union Budget of India for the FY 2023. […]
Income Tax
Income Tax
Taxation of charitable trusts (Amedments in making)
There was time in early sixties, when charitable trusts were promoted by Government to carry out human services particularly in
GST
INDIRECT TAX PROPOSALS
As per section 1(2) of The Finance bill 2023, section 2 to 122 shall come into force from 01/04/2023. The
Income Tax
Personal taxation: “Decoded – New Regime vs Old Regime”.
As per recently proposed Finance Bill, 2023, “Personal Income Tax” under “Direct Taxation” seems to be primarily benefitting our “Hard
Income Tax
PROPOSED AMENDMENTS TO INCOME TAX ACT, 1961 THROUGH FINANCE BILL, 2023 – BUSINESS INCOME :
The finance minister presented the Budget 2023 in the parliament, while the economy was getting back and trying to recover
GST
Assessment & Demand Under GST Law
I – Assessment Assessment means determination “accurate tax liability.” Assessment procedure is a mechanism to work out the actual tax
GST
Recovery under GST
Introduction: In order to protect the interests of the revenue, GST like any other tax structure requires a mechanism for
GST
GST Update – Amendments Pursuant to 48th Council Meeting
Contents 1. Amendments pursuant to 48th Council Meeting 1.1. Amendments in GST Rates 1.2. Applicability of Reverse charge Mechanism 1.3.
GST
Iron Out A Few Wrinkles in GST
The compliance under GST has been evolving every passing day. With introduction of every new requirement under the Law, there
Auditing & Ethics
Long Form Audit Report – LFAR for Bank Branches
Long form Audit Report (LFAR) is Management Report submitted by Bank Auditors at Branch level. Reserve Bank of India had