Business Accounting and Taxation

The Assesse is registered as Travel Agent for booking of Passage (other than Rail & Air). (Assesse does not own any Busess ).He books buses for the transportation of tourist for certain Hotels...

The Income Tax Simplification Committee chaired by the Retired. Justice R. V. Easwar released a Report (Part-1) (attached), containing draft recommendations for consideration of various stakeholder...

F. No. 312/109/2015-OT Government of India Ministry of Finance Central Board of Direct Taxes Room No, 281, Hotel Samrat, Kautilya Marg, Chanakyapuri ...

whether VAT payable and Service Tax Payable is to be added to profit while computing Income from Business and Profession if not paid till the filling of Return.? . Under which sec it is to be adde...

Hello All Tax Experts, Can you share your view on claiming the tax exemption on the interest component of a topup-loan (taken along with home loan) in purpose of income tax filing for an...

(1) Make it compulsory that every supplier of goods and services (including Doctors, Lawyers, Chartered Accountants should put into use Computer Software whereby Receipt for payment is generated th...

1) Reduce INCOME-TAX rates to 2% to 3%.That will increase more tax-payers.(2) Interest Earned on Fixed deposits Rs.5,00,001/- should be TDS. Remove 15G & 15H. This should applicable to All Bank...

GST is supposed to be a key tax reform. The Subramanian Panel has suggested that a GST rate of 18 % is revenue-neutral. Tax on Goods will come down substantially from 27% now, but that on Services ...

Now the government has come up with introduction of SBC immediate post festive season. Notification no. 21/2015 has been issued appointing 15th November, 2015 as the date from which the provision o...

One of my friends who is a promoter of a small company has had a capital gain of 20 crores asa result of the sale of his company. How should he redeploy capital for maximum tax saving while still f...