Chargeability of Capital Gain – Section-45 What Section 45 says ? This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Valuation under GST Laws
Coverage Transaction Value under GSTValuation in case of related personsValuation between branches, depots and agentsValuation of notified services This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Input Tax Seamless Credit Miles To Go
Introduction: GST reform is lauded globally because of its seamless credit feature which negates the cascading effect of taxes to ensure that entire tax burden is on consumer and not on business. This will encourage more number of business to come under tax net and ensures optimum tax compliance.
TP Challenges To Be Faced And Compliances
Form 3CEB Section 92E requires every person entering into an international transaction or specified domestic transactions with their related parties to obtain an accountant’s report to be submitted on or before the due date for filing tax return. Form 3CEB prescribed is declaration by the accountant about examination of
Important Aspect Of Acquisition Of Asset Under The Head Capital Gain
As per section 45 of ITA, 1961 income from transfer of capital asset is chargeable to tax under the head Capital Gains in the year in which transfer took place. This section is subject to provisions of Section 54/54B/54D/54EC…… Assessee can claim deduction or exemption for capital gain arising
Transitional Provisions under GST
Transitional Provisions under GST This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company. You can be reached at info@sbsandco.com
Motor vehicles via-a-vis Capital Goods
The roll out of GST is under a promise that the credit of all taxes paid on goods and services during transition shall be given to the supplier to enable him to set off against the output tax. This was mainly to remove the cascading effect which always led to
GST On Supplies Outside India – The Legal Conundrum
In terms of Section 5 of IGST Act, 2017 Integrated tax is levied on all inter-state supplies of goods or services or both. Section 1 of the IGST Act, 2017 provides that the Act is applicable to whole of India except the state of Jammu and Kashmir. Section 7 provides
Cyber Security
Summary: Organizations of all types are becoming more vulnerable to cyber threats due to their increasing reliance on computers, networks, programs and applications, social media, and data. Security breaches can negatively impact organizations and their customers, both financially and in terms of reputation. Global connectivity and accessibility to information
Charitable Institutions
Brief: – Charitable Institutions plays an important role in social welfare. These institutions are engaged in providing various services ranging from education to relief of poor across regions of the country. They operate on non-for-profit motive. The various resources mobilised by these institutions will be used for their objectives for