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The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that for the payment for the procurement of raw material from an individual of a foreign country, the Indian assessee is not required to deduct a TDS (Tax Deducted at Source). The decision of the bench of ITAT has come as a relief for the Honda […]
Niranjan Hiranandani, the president of Assocham India, said during an interview that it is the need of the hour to promote and revive the demands for all sectors and the government should take the necessary steps instead of waiting for the COVID 19 vaccine. He also said that the rate of GST (Goods and Services […]
The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]
Gratuity is to be paid by the employer to the employee when he leaves the company after working for five years. An employee can receive the gratuity payment in case he resigns or retires. The gratuity can only be received by the employee if there is no gap between the term of 5 years. The […]
According to the research conducted by Kantar. A market research firm, only one-third of the Small and Medium Businesses (SMBs) are willing to use at least one benefit under the new Aatmnirbhar Scheme (Self-Reliant Scheme) launched by the Prime Minister of India, Narendra Modi. The survey found that these SMB owners were more interested in […]
The Income Tax Appellate Tribunal (ITAT) recently come up with an order and allowed income tax deduction on payment to Employees come under the voluntary Retirement Scheme (VRS). This order has come in a case where a company Foseco India Limited is the appellant and it is in the business of manufacturing and sale of […]
Recently the finance ministry stated that all the information and talks over the merging of Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, GST, Sales Tax, VAT, Custom Duty and Octroi Tax and Customs( […]
The government has decided that it will focus on easing down the compliance for GST (Goods and Services Tax) for the benefit of the assessments. The government thinks that easing will bring more revenues to the government. With better and easier filing and payment compliance, more taxpayers will submit the GST returns
With 20 years of rich experience in the field of technology and with a promising attitude towards professionalism we were very positive towards our goal. We did the market analysis and faced several technical issues post which we took the feedback and the suggestions from our clients, dealers, and the team members regarding our Tax […]
