Background of Equalisation Levy As per Memorandum to Finance bill, 2016, a need for equalisation levy was felt because of: - "With the...

Background ESOPs has gained popularity in last few decades and has been a factor to motivate, attract and retain the valuable employees...

Discussion of amended Section 10(35), section 115-O, section 194, Section 115BBDA, section 57, section 80M as per Finance Act, 2020 in...

Definition of Security services? Security services has not been defined under GST Act. However, it can understand with general definition...

Discussion on exemption notifications, GTA, ITC, RCM, Tax invoices and much more aspects. Transportation of goods by road is backbone and...

Section 171 of the CGST Act, 2017 - Antiprofiteering measure Before initiating the discussion on anti profiteering measure, one should...

Government has imposed tax deduction at source on cash withdrawal above certain limit to discourage cash payments in the economy and to...

Income tax Form 26 AS - New information's (specifically high-value transactions) which will be auto-filled in your ITR form by the...

1. Introduction As per finance Act, 2020, a new section has been introduced by the govt. with the intent to curb and trace the...

Introduction Input Tax Credit (ITC) means the amount of tax paid on purchase of Input Goods, Input Services and Capital Goods and...