Monday, 3 July 2017

Registrations for tax deductors & collectors to commence from July 25

On account of deferment of TDS and TCS provisions in GST, Registration for same will commence from July 25​; Enrolment window for existing taxpayers under VAT, Excise & Service Tax to remain open for next 3 months​: GSTN

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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...