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Deduction in respect of purchase of electric vehicle (i.e. deduction u/s 80EEB)
Who can claim a deduction u/s 80EEB? The deduction under this section is available only...
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Clarification of Taxability of Dividend received from Indian Company in the hands of Foreign Company
Dividend Distributed on or before 31.03.2020 If the Indian company distributes any dividend on or...
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All you need know about Udyam Registration
After the spread of the pandemic ‘COVID-19’, GOI has announced many relief packages for the...
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92CE – Secondary Adjustment in books
Analysis of Section 92CE (2A) of Income Tax Act, 1961 WHAT IS PRIMARY ADJUSTMENT? Primary...
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Types of E-Payments
E- PAYMENT Simply, the payments that are made through online are known as E-Payment. Here,...
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Step by Step Procedure to Pay Advance Tax
Procedure to Pay Advance Tax and TDS/TCS:Step 1:Visit the below link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jspAnd select Challan numbera) ITNS...
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Rule 86B of CGST Act – Restriction on utilisation of Electronic Credit Ledger Balance
Rule 86B of CGST Rules (Restrictions on utilisation of Electronic Credit Ledger Balance) What is...
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Restrictions on Cash transaction us 269ST
This section is applicable from 1/4/2017 Introduced with the intention of restricting the Cash Transactions...
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Overdraft vs Cash Credit What’s better for you
What is an Overdraft (OD) Account? An overdraft is an extension of credit from a...
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Legal Entity Identifier
LEI is a unique global identifier for legal entities participating in financial transactions. Legal entities...
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Ineligible ITC under GST
Input Tax Credit is the tax paid by the buyer on purchase of goods and...
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Important Points that Salaried employee need to be aware about Income tax Act
Important Points that Salaried employee need to be aware about Income tax Act: 1.Old vs...
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