TDS means Tax Deducted at Source and this is one of the modes by which taxes are collected. This chart features the tax deduction rates... Read More
House Rent Allowance (HRA) is a general component of salary structure and allowed as allowance. Though House Rent Allowance is a part of the salary,... Read More
The Finance Bill, 2017 has something new to propose and to insert a new section 269ST in the Indian IT Act, 1961 w.e.f 1st April... Read More
Transactions in cash and future segment cannot be segregated for the purpose of Income Tax
6 min read
The Income Tax Appellate Tribunal at Mumbai in the case of ITA No.3654/M/2014 Assessment Year 2009-10 filed by M/s. J.M. Financial Services Ltd., (Formerly J.M.... Read More
The Scenario of Real Estate under GST
3 min read
Real Estate is one such sector in India that has been growing fast immensely over the years. The direct impact of GST on real estate,... Read More
Amendments to Provisions of Tax Audit and provisions with respect to maintenance books of account
4 min read
A person is liable to get his books and accounts audited U/s 44AB (Tax Audit) by a practicing Chartered Accountant, if in the previous financial... Read More
There were many amendments in Budget 2017 were made and proposed by Finance Minister regarding Taxation of Charitable Trust. First Amendment governing taxation of Charitable... Read More
Impact of restricting loss in House Property Income on second house’s loan after Budget 2017?
3 min read
The Finance Bill 2017 brought some relief to small taxpayers by reducing tax slab rates, reducing time limit for long term capital assets but it... Read More
In continuation to our previous article on Analysis and Highlights of Finance Budget 2017, enlisted below are the highlights of changes in indirect taxes in... Read More
Union Finance Minister Mr. Arun Jaitley on 1st of February 2017 announced the most highly anticipated Finance Budget 2017. After demonetisation, a progressive budget was... Read More