Author: Nirmal Ghorawat
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DEDUCTION UNDER SECTION 80-IBA FOR AFFORDABLE HOUSING PROJECTS
Sl. No. CRITERIA CONDITIONS 1 Eligible Business The business of developing and building housing projects 2 Amount of Deduction 100% of profits and gains derived from eligible business 3 Period…
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Procedure in Prosecution Proceedings under Income Tax Act, 1961
Sections 280A, 280B, 280C and 280D have been introduced by The Finance Act, 2012 w.e.f. 1st day of July, 2012. These provisions deal with the procedure in prosecution proceedings under…
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DEDUCTION UNDER SECTION 80-IAC FOR STARTUPS :: AN OPPORTUNITY
DEDUCTION UNDER SECTION 80IAC FOR STARTUPS The term “startup” is normally used to describe a company that is beginning from scratch.
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Offline – The next stop for techpreneurs
There are four aspects in a sale of goods, namely – order, product, payment and delivery. Given abysmally low card penetration & prevalence of a parallel economy, cash-on-delivery (COD) is…
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PERSPECTIVE FOR DEVELOPMENT OF MIS FOR SHELF SPACE IN RETAIL INDUSTRY
In accounting, every unit of inventory procured is an application of funds and every unit of inventory sold is a release of funds of an entity. Similarly, every unit of…
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ALTERNATE MINIMUM TAX ON PERSONS OTHER THAN A COMPANY
Chapter XII-BA for levy of Alternative Minimum Tax on persons other than a company have been inserted by the Finance Act, 2011 w.e.f. Assessment Year 2012-13. Charge of Alternative Minimum…
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VALIDITY OF A HIRE PURCHASE CONTRACT
1. IS AN AGREEMENT OF HIRE PURCHASE STILL VALID AFTER THE REPEAL OF THE HIRE-PURCHASE ACT, 1972 BY THE HIRE-PURCHASE (REPEAL) ACT, 2005? Yes. 2. Why? The Hire Purchase Act,…
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