Table of Content Exemption under Capital Gain Section 54: Transfer of residential house properties Section 54B: Transfer of urban agricultural land Section 54D: Transfer of Land and Building forming part of industrial undertaking Section 54EC: Transfer of long term capital asset being land or building or both Section 54EE: Transfer of any capital assets Section…
Table of Content Benami Transactions : ALL YOU NEED TO KNOW What Is Benami Property What are Benami Transactions Types of Benami Transaction Exceptions – Which transactions are not in ambit of Benami Act Legal Implications of a Benami Transaction Benami Transactions : ALL YOU NEED TO KNOW The Govt of India is taking many…
Table of Content Taxability of the gains arising on a slump sale Calculation of Net worth Compliances under Companies Act 2013 In accordance with Section 2(42C) of the Income-tax Act 1961. A ‘Slump Sale’ means the transfer of one or more than one undertakings as a result of the sale for a lump sum consideration…
Table of Content Goods Classification Contents of Bill of Entry GST Bills of Entry Import Procedure Types of Bills of Entry It is a document showing the details of goods imported. The custom authorities determine the amount of import duty on this basis. It is important to fill up a bill of entry so that…
Table of Content Purpose of Bills of Lading The importance of a bill of lading in international trade Contents of Bill of lading Types of Bills of Lading Bill of Lading as a Receipt Bill of Lading as a Document of Title Bill of Lading as a Document of Credit A bill of lading is…
Table of Content What does the Income tax audit means? Applicability of tax audit? Rationalization of provisions relating to tax audit in certain cases Pre-filing of Returns in case of Income from Business or Profession Due date of filing of return u/s 139 Penalty of non filing or delay in filing tax audit report What…
Table of Content What is International Taxation? Need of International Taxation Double Taxation Double Taxation Relief Transfer pricing Controlled foreign corporation (CFC) Black money and imposition of tax act What is International Taxation? International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries…
Table of Content Concept of TDS- Rates for TDS Due Dates of Payment How to pay Tax Deducted/Collected at source? How to avoid TDS How to check if TDS is deposited with the government What will happen when the deductor fails to deposit the TDS with the IT department? Penalty for non deposit of TDS…
As we all know, the provision of sub-section 194-I of the Act, inter alia, provides for tax deduction at source (TDS) for payments in the nature of rent beyond a threshold limit. The existing provisions provide threshold of Rs. 240000 per financial year for deduction of tax under this section. In spite of providing higher…
Table of Content Due Date to File Income Tax Return Sources of Income Documents Required for ITR Filing Various ITR Forms and their Applicability Standard Deductions while calculating income (Section 80) Income tax return filing is a process which has to be filed every taxpayer every year. The income tax return filing is mandatory for…