Insertion of new sections 80EEA and 80EEB in Income Tax Act
Section 80EEA of Income tax Act, Deduction in respect of interest on loan taken for certain house property. In computing the total income of an assessee, being an individual not…
What is limited scrutiny in Income Tax?
What is limited scrutiny in Income Tax? In case of Income Tax assessment two types of cases have been selected for scrutiny 'Limited Scrutiny' 'Complete Scrutiny'. The Income tax assess…
FIR can be lodged under Code of Criminal Procedure for GST offences/ Case of Govind Enterprises Vs State of
Case of Govind Enterprises Vs State of UP reported in 2019-TIOL-1170-HCALL-GST Facts: Petitioner seeks quashing of first information report (FIR) dated 30.11.2018 lodged by Assistant Commissioner, Commercial Tax at police…
What are the Important details required to be filled in the GSTR-9 ? || How to file GSTR 9
Important details are required for file the GSTR-9:- Form GSTR-9 is the GST Annual return that has to be filed under the GST laws every year. the flowing important details …
Are receipts from life insurance policies on maturity along with bonus taxable as per IT Act ? || Taxability of life insurance maturity amount
Taxability of life insurance maturity amount As per section 10(10D) of income tax act, any amount received under a life insurance policy, including bonus is exempt from tax. However, following…
Third Amendment, 2019 to the CGST Rules (Composition Levy) || New Form Inserted – FORM GST CMP-08
Third Amendment, 2019 to the CGST Rules In exercise of the powers conferred by section 148 of the CGST Act, 2017, the Central Government, on the recommendations of the GST…
Important Articles of Indian Constitution
Important Articles of Indian Constitution Article-5-to-11 Provision of Indian Citizenship (Article-5-to-11-in-hindi ) Article…
List of Goods and Services Not Eligible for Input Tax Credit-Under GST
Ineligible ITC under GST Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the…
International Cybercrime
International Cyber crime “Cyber crime”. cyber crime is criminal activity over the medium to computer, cell phones, mobile, and other device according to Information and communication technology etc. and illegal…
Eligible Business under section 44AD ||Who is eligible and not eligible to take advantage of the presumptive taxation scheme of section 44AD?
Eligible Business under section 44AD The presumptive taxation scheme of section 44AD of income tax Act 1961 can be adopted by following persons: Resident Individual Resident Hindu Undivided Family (HUF)…
