The provision under Section 80C and 80D of the Income-tax Act is that specified taxpayers could claim for deductions to the Insurance company on the total amount paid to them for specified insurance schemes.
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The provision under Section 80C and 80D of the Income-tax Act is that specified taxpayers could claim for deductions to the Insurance company on the total amount paid to them for specified insurance schemes.
Get all the year 2018 notifications, circulars, orders given by the central board of indirect taxes department issued for clearing out any change in provision, rules, conditions or extension of due dates for any particular form. The notifications are necessary for all the businesses and taxpayers to be updated with all the regular changes in […]
Automobile dealers have anticipated the reduction in liquidity due to the modifications in GST laws. The Federation of Automobile Dealers Association (FADA) has written a letter to the Prime Minister’s Office, Finance Ministry and GST Council, expressing the resentful effect of the addition of section 49A to CGST law on their cash flow.
The government has recently unveiled the address validation form as per the FORM INC-22A (ACTIVE) included in the Companies (incorporation) Rules, 2014, after rule 25 which has to be further followed. Also, MCA department had earlier introduced the new MSME Form 1 Get the brief details on MSME form 1 (MCA) along with filing process […]
Some of the companies who had made mistakes while filing GST form are now trying to rectify it and here it is an example of the same issue.
The First income tax rate in nascent India after Independence was fixed as high as 97.75 per cent with 11 tax slabs. There was a huge challenge in front of the Country to lower the pace of this sky-high tax rate. The Country had witnessed the tax rates from a high of 97.75 per cent […]
The business community of Chattisgarh asked the Congress government to remove the e-way bill and for sectors like stationary, clothing and cycle, only one tax slab must be applied.
In response to a plea filed by KTC (India), a travel & tour’s operator, against the Special Audit notice of GST, the Delhi High Court has recently issued a notice asking Centre to declare Rule 5A of the Service Tax Rules, 1994 as unconstitutional and inoperative.
Goods and services tax made a lot of changes to the indirect tax structure prevalent earlier than 1st July 2017 and made huge changes to make it accurate and uncomplicated as compared to past tax projects.