Goods imported / purchased inter-State used in Works contract, would be exempt from VAT We are sharing with you an important judgement of the Hon’ble Supreme Court of India in the case of Commissioner of Delhi Value Added Tax Vs. ABB Ltd [(2016) 68 taxmann.com 227 –SUPREME COURT OF INDIA] on the following issue:
Assignment of Radio-Frequency Spectrum Service Assignment by the Government of the right to use the radio-frequency spectrum and subsequent transfers thereof
Analysis & Calculation of financial Ratio Analysis of financial reports requires skill of mathematics, accountancy as well as statistical tools. But there are some basic ratios which can be helpful for a layman also to analyze the Balance Sheet, Profit & Loss A/C of a company or a bank.
How to account Income Tax Provision, TDS & Advance Tax The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax.
Basics of Section 195 of Income Tax Act, 1961 Sec 195 (1) -Scope -Deduction on the earlier of credit or payment of sumchargeable at the rates in force 195(2) – Application by payer to AO for determination of the portion of sum chargeable 195(3 & 4) – Application by payee to AO for no deduction […]