In previous article i have discussed about the Concept of Presumptive taxation, its applicability and pre-requisites. Have also detai...
Showing posts with label DIRECT-TAX. Show all posts
Showing posts with label DIRECT-TAX. Show all posts
All about Presumptive taxation scheme - Part 1
What is presumptive taxation? Unlike Normal taxation, where tax is calculated based on actual profits after deducting business exp...
Part 2- Taxation of Digital Advertising Revenue of Non Residents
Taxation of revenue from digital advertising: The concept of taxing revenue from digital advertising, began in 2016 when t...
Part 1- Digital Advertising Revenue
What is digital advertising? Digital advertising is a form of marketing that uses online platforms and digital technologies to pr...
All about MSMEs-Part 1
What’s MSME? MSMEs stands for Micro, Small, and Medium Enterprises. MSME Development Act, 2006 is the principal legislation governing MEM...
Cost Inflation Index for the financial year 2024-25 notified
Whats the news? CBDT has notified the Cost Inflation Index (CII) for financial year 2024-25 as 363 via Notification No. 44/2024 dated 2...
CBDT rolls out E- Dispute Resolution Scheme 2022
CBDT on 30th August 2024, notified the e-Dispute Resolution Scheme, 2022 with an objective to reduce litigation and provide relief to e...
Minimum Alternate Tax
Why was it introduced? Companies were reporting profits as per their books (financial statements) but were paying lesser taxes and in so...
Traders appeal against 43B(h) rule
Supreme Court on May 06 declined to address a collective plea against 45-day MSME payment rule and directed the traders to approach High co...
Loan waiver not a benefit for the purpose of TDS U/S 194R
News: Loan waiver by banks is not a benefit and hence doesn't attract TDS liability. Context: Budget 2022- 23 introduced a new s...
Extension of time-limit for filing modified return under S.170A
News: CBDT has extended the time limit for filing modified Income tax return, in form ITR-A, by a successor company u/s 170A from 30th S...