Letter to GST council by Gujarat Sales Tax Bar Association

Financial Instrument

‘Indian Olympic Association’ won’t lose charitable status just because it received sponsorship from a private co.

Clause (viib) of section 56(2) is triggered at stage of computation of income itself

Amendments in Private Placement section 42 of Companies Act 2013

Zero Rated, Exempted and Nil rated supply in GST

Sukanya Samriddhi Yojana

Individual assessee having turnover below Rs. 1 Crore, got the books audited u/s 44AD(5) [net profit shown below 8% of turnover] for F.Y. 2016-17. Whether TDS provisions are applicable to him for F.Y. 16-17 / 17-18?

Two persons with same income can have different tax liabilties

Immunity from audit u/s 44AD is not available in the first year of Business even if income is below the basic exemption limit!

Bounce Cheque

Applicability of CARO 2016

Deduction in respect of interest on deposits in savings account.

Implication expense on Higher Education of Director’s son in closely held company

Income Tax Penalties: Low Penalty for major issue!High Penalty for minor issue !

Taxability in the hands of Company & Shareholder in case of conversion of debentures into shares of company

Whether tax is liable to be deducted at source from sale consideration payable to a non-resident transferor who sells immovable property?

Date to be consider for computation of holding period for long term capital gain