Registered Valuer Under Wealth Tax Act, 1957 Section 34AA of the Act provides that notwithstanding anything contained in said Act, any type of assessee who is entitled to or required to attend before any wealth-tax authority or the Appellate Tribunal in connection with any matter relating to the valuation of any asset, except where he […]
Transitional Provisions under Goods and Service Tax As Goods and Service Tax will bring in Business Transformation; it’s important to understand the Transitional Provisions to ensure that the proposed tax system takes care of existing tax credits, payments and should not be a “TAX COST” for the assessee’s in GST.
Will black money crackdown once declaration scheme ends ? CBDT has directed field formations to be ready to use the information, leaving out those who have declared under the Income Disclosure Scheme (IDS).
Goods and Service Tax – Export of Goods & Services GST is just result in Business Transformation not the change in Tax Structure . One would definitely witness the Growth in Exports with the introduction of GST.
Fall in the category of wilful defaulter or not ? The concept of ‘wilful’ and ‘non-wilful’ as categories of (bank loan) defaulters was introduced by the Reserve Bank of India (RBI), the country’s apex bank in the year 1999.