Appeal before High Court Under Income Tax Provisions Part CC of Chapter XX of the Income Tax Act, 1961 (‘Act’ for short) provides the procedure for filing appeal before the High Court. Who can file appeal? Section 260A(1) of the Act provides that an appeal shall lie to the High Court from every order passed […]
Aggregate turnover under revised GST law GST Model is required only if the turnover of the assessee crosses the threshold limit of Rs twenty lacs. Today in this update we shall analyse the definition of “aggregate turnover” and changes brought in by Revised GST Draft Law.
CAN WE CONTROL THE BLACK MONEY AND CORRUPTION? Hardly few people born with the golden spoon. And every one has only 2 hands to work, only 2 legs to walk, and each one o have only one mouth to eat , 2 ears to listen , one brain to understand and thinking. Further, there are […]
Supply of Goods and Services in GST Law Supply is wider term used in GST law as the GST is based on Supply only. Now the question arises what is supply. Supply is transfer of goods and services on which GST will be imposed. Supply has been mainly defined in Section 3 of GST law […]
Remember to availed new home loan tax benefits of Budget 2016? While doing your tax planning for this financial year, i.e., 2016-17, don’t forget to claim some of the new tax benefits introduced in the last budget. Home loan borrowers should remember to claim these additional benefits if they qualify.Further, those who do not get […]