Interest Income- All about Accounting & Tax Provisions

Interest Income- All about Accounting & Tax Provisions

What is Interest Income ?? Interest Income is the amount earned by an investor on his funds that he allow…

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Tax Audit under Section 44AB- Applicability for AY 2020-2021

Tax Audit under Section 44AB- Applicability for AY 2020-2021

Income tax law mandates an audit called ‘Tax Audit’ under the section 44AB. The purpose is for verifying correctness of…

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TDS on Rent under section 194I

TDS on Rent under section 194I

The article covers the important section 194-I of the Income Tax Act, 1961, which deals with the provisions of ‘TDS…

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Protection against Transfer Pricing litigation

Protection against Transfer Pricing litigation

Transfer Pricing (“TP”) has always been matter of litigation since its enactment. However, due to involvement of interest of more…

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Filing of GST ITC 01, in case of new Registration

Filing of GST ITC 01, in case of new Registration

Input Tax Credit (commonly known as ITC) is the tax paid by the buyer while purchasing any inputs, capital goods,…

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Registration Process for MSMEs in India

Registration Process for MSMEs in India

Micro, Small and Medium Enterprises are defined under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. The concept…

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Benefits available to MSMEs (Micro, Small and Medium enterprises)

Benefits available to MSMEs (Micro, Small and Medium enterprises)

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, which defines MSME (Micro,…

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Form PMT-09- Transfer GST amount from one head to another

Form PMT-09- Transfer GST amount from one head to another

Form PMT-09 “As per Notification 31/2019-Central Tax, dt. 28-06-2019, A registered person may, on the common portal, transfer any amount…

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No GST exemption on Ventilators, PPE, Masks, santizers

No GST exemption on Ventilators, PPE, Masks, santizers

Ventilators, PPE, Masks and Sanitizers are the most important essential goods supplies in these days due to Corona Pandemic. As…

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CA May 2020- Revision classes

CA May 2020- Revision classes

Due to Corona pandemic crisis, the world is facing many issues. In the awake of this crisis, the institute(ICAI) had…

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