Profession Tax Enrollment Amnesty Scheme 2016 The Maharashtra State Tax on Professions, Trades, Calling and Employment Act, 1975 (Profession Tax Act) is implemented with effect from 1st April, 1975. Under this act, every self employed person engaged in any profession, trade, callings and employment in the state of Maharashtra is required to obtain Enrollment certificate […]
Tax on Sale of Immovable Property by Non-residents Here is the few words which you want to know about taxation of Sale of Immovable Property by Non-residents Ques 1: At what rate TDS is to be deducted at the time of purchasing a property in India from a non-resident? Is it 1% as stated in […]
Do You Good saver but a bad investor? The below writeup will help you to understand how do you save intelligently but invest badly. Every one of us are financial planners as well as doctor also.We rely on self-medication when we are ill or need a medical assistant when our family members are hit by […]
International Computation and Disclosure Standards (ICDS) In 2010, when Ministry of Corporate Affairs (MCA) had announced converging Indian financial reporting with IFRS in a phased manner, one of the biggest challenges faced by corporate sector was how this change in financial reporting would impact taxable income, as many Companies would report using Indian-Accounting Standards (Ind-AS) […]
Service Tax Implications of Composite contract Composite contract could involve materials/goods and services. There could also be specie of contracts comprised of immoveable property+ goods and services. Works contracts [material plus labour contracts] or catering contracts namely ‘service wherein goods, being food or any other article of human consumption or any drink (whether or not […]