Govt cuts interest rate on Small Savings Scheme – PPF, NSC, Kisan Vikas Patra, Sukanya Samriddhi Accounts
Delhi HC Quashes Notice U/S 148: Rubber-stamp reason given mechanically does not amount to “reasons for the proposed supersession”.
Absence of earning any interest income on capital from the firm is no bar to claim the interest paid on borrowings for the purpose of contributing capital to the firm
No TDS U/s 194H by Pharma co. providing travel, accommodation and other facilities to persons associated with it.
Unresolved Issue on amendments related to Tax on Interest earned from PF contribution exceeding Rs. 5 Lakhs
New procedure for registration of fund/ trust/charitable institutions etc.: CBDT issues Notification No. 19/2021
Interest deduction u/s 36(1)(iii) couldn’t be disallowed if nexus between interest payment and business is established
An Overview of the changes made in the financials, Notes to accounts on account of amendments in Schedule III brought about by MCA