File Your Income Tax Return Before 31st July 2024.
Quick Snapshot on IND AS 109 – Financial Instrument
IND AS 109 Financial Instruments deals with the classification, reporting, de-recognition, and measurement requirements of all financial assets and liabilities. […]
GST on the collection of samples for diagnostic testing by a laboratory
Are sampling services for laboratory diagnostic testing exempt from GST? The collection center has no laboratory. Collects samples from patients
GST on rent of the residential and commercial property
Wondering if you have to charge and collect Goods and Services Tax (GST) on the rent you receive? GST treatment
Applicability of Reverse charge on input services when outward supply is exempt from tax
Typically, taxes are collected by business owners on behalf of customers, who then pay the government. A reverse charge is
Advocates and Legal Services: Is Goods and Services Tax (GST) Applicable?
It is generally assumed that individual lawyers and law firms are exempt from GST on legal services. However, whether GST
Books of Accounts & Records under GST
The Goods and Services Tax Act, 2017 mandate every registered person to maintain true and correct books and records. Failure
Calculation of capital gain on sale of ancestral property
Properties that are inherited up to four generations down the male line—father, grandfather, etc.—are called ancestral properties. However, the Income
Mistakes when purchasing gold
Gold loans have seen a quantum shift in India. This significant increase in the interest rate on gold loans is
Change in Name Clause of Company under Companies Act, 2013
The Company’s name is its identity throughout its lifetime should be well thought out and constructed to be sustainable with
GST Registration Application Rejected or Registration Cancelled
In this article, we will discuss the cancellation of registration under GST. Any GST payer can file an appeal if
How Companies can comply with requirements of the Payment of Gratuity Act 1972?
Gratuity is a lump sum paid by a company when an employee leaves the organization and is one of the
Procedure of Recovery of Shares in India
Many people invest their money in shares and forget to claim it, or many expire before they claim it. In