REAL ESTATE INVESTMENT BACK TO LIFE

REAL ESTATE INVESTMENT BACK TO LIFE   Developers can expect a 10-year tax holiday on profits earned from rental housing.   According to the sources, the Finance Minister may look into the matter to revive the investment and boost the slowing economy. Real estate ...
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GSTR-7A AT A GLANCE

GSTR 7A is a GST form for all the tax deductors who had deducted the TDS i.e. tax deducted at source from the payments made and this form is auto-populated at the return filing of the GSTR-7 Form on the official government ...
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PROS AND CONS OF DEDUCTING TDS FROM INCOME

PROS AND CONS OF DEDUCTING TDS FROM INCOME As the year end is right around the corner the assessee have already started calculating their yearly income and the advance tax deadline has just passed few days ago, where assessee computes ...
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Deductions U/s 80RRB – Patent & Royalty

Deductions U/s 80RRB – Patent & Royalty Deduction u/s 80RRB of Income Tax Act is provided to taxpayers having income through royalty and patent. This deduction is aimed at motivating patenting in India. Meaning of Patent and Royalty: A patent as ...
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SALES PROMOTION TECHNIQUES – TAXABILITY AND ITC

SALES PROMOTION TECHNIQUES – TAXABILITY AND ITC The Government has issued Circular No. 92/11/2019-GST dated 7th March 2019 where certain aspects with respect to treatment of various sales promotion schemes, their impact on taxable value and input tax credit (ITC) have been clarified. Four ...
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SALE OF LAND AND BUILDING – WHETHER GST ATTRACTED?

SALE OF LAND AND BUILDING – WHETHER GST ATTRACTED? Land and building are immovable properties and hence cannot be classified as goods. Hence a transaction for sale of land and sale of building shall neither be treated as supply of ...
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HOW TO CHECK INCOME TAX REFUND ONLINE?

HOW TO CHECK INCOME TAX REFUND ONLINE? Income tax refund is nothing but receiving back the excess of tax paid in comparison to the actual tax liability. It is determined by the income tax authorities while processing your ITR for ...
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HOW TO PAY TAXES ONLINE?

HOW TO PAY TAXES ONLINE? The income you earn is taxed in three ways, namely, a) Tax deducted at source (TDS), b) Advance tax payments, and c) Self- assessment taxes paid before filing your income tax return (ITR). Tax deducted ...
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MICRO AND SMALL ENTERPRISES- COMPLIANCE

MICRO AND SMALL ENTERPRISES- COMPLIANCE DATE OF NOTIFICATION- 22nd January 2019 The Micro- Small and Medium Enterprises (MSMEs) are small sized entities, defined in terms of their size of investment.  They perform a critical role in the economy by providing employment ...
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SUKANYA SAMRIDDHI YOJANA (SSY)- AT A GLANCE

SUKANYA SAMRIDDHI YOJANA (SSY)- AT A GLANCE Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for the girl child launched as a part of the 'Beti Bachao Beti Padhao' campaign. It is focused on securing a bright future for the ...
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