NOTIFICATION NO. 49/43/2015-4IB1 Objective MSMEs exporting units located in the state have to incur additional transportation cost due to large distances from sea ports which make their products uncompetitive in comparison to the exporting units located in the coastal area. …
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Section -206AA: Non-obstante provision – “Notwithstanding anything contained in any other provisions of this act …” Obligation to furnish PAN on any person receiving any sum or income or amount on which tax is deductible. In absence of PAN, tax …
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Q. 1: What are the Legal provisions on TRC? Answer: S. 90(4) – NR cannot avail benefit under Treaty without Tax Residency Certificate (TRC). S. 90(5) – The assessee has to provide such other details as may be prescribed. Rule …
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Q. 1: What is Most Favored Nation (MFN) Clause in Tax Treaty? MFN clause refers to a situation wherein two non-resident taxpayers are given impartial treatment by the source country. In DTAAs, MFN clauses find place when countries are reluctant to forgo their …
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Section 195 of ITA casts obligation on every payer to withhold tax at the time of payment or recognizing credit in favor of non-resident on any sum which is chargeable to tax in the hands of non-resident recipient with the …
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General Problem Deductor has deducted the TDS, but not deposited to government Deductor has deducted the TDS, also deposited to government, but failed to furnish TDS Return Consequences to Deductee In both the cases above, deductee is denied benefit …
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Almost all business entity registered under GST is required to file GST Annual Return in GSTR-9 for every FY by 31st December following that FY. For the FY 2017-18, this return needs to be filed by 30th June, 2019 …
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There are various recourse available to assessee to challenge the orders passed by the Assessing Officer at the time of assessment. The Income Tax Law provides recourse in the form of revision or by filing an appeal. The various stages …
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10 factors to opt for new Tax Rates for ongoing Real Estate Projects? As per the new taxation scheme for Real Estate Promoters under GST effective from 1st April, 2019 whereby promoters have to decide till 10th of May, 2019 …
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In-transit, inspection plays a critical role in law enforcement under any Indirect tax system. Interception, detention and seizure provisions of the GST Law perform the function of administrating law on a real time basis to check tax evasion during …
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