Monday, 28 March 2016

MAKEFICOEASY: Vendor Master Data

MAKEFICOEASY: Vendor Master Data: Business transactions are posted to accounts and managed using those accounts. You must create a master record for each account that you re...
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Section 56(2)(ix): Forfeiture of Advance Money Received – A Critical Analysis

The Dual Conditions for Taxability Section 56(2)(ix) of the Income Tax Act imposes tax liability on sums received as advance or otherwise du...