In India, there are multiple options are available to register a Non Profit Organisation or Social Welfare Organisation or NGO. There are different laws which are prevailing in India and such law allows an organisation to register itself with...
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The Concept of One Person Company (OPC) was introduced by Companies Act 2013. The logic behind concept of OPC was to “allow a single person to register itself as Private Limited Company”. Now under companies act, even a single...
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Input Tax Credit under GST
Input Tax Credit under GST Input Tax Credit is defined under section 2(63) of CGST Act 2017 as “the credit of Input Tax”. Input Tax is defined in Section 2(62) of CGST Act 2017 as “input tax in relation...
Blocked Credit, Conditions to avail ITC, How to reverse ITC, Interest Rate on reversal of ITC, ITC of compensation cess, ITC Provisions under GST, Section 17(5) of CGST, Situation where ITC cannot claim
All about Input Tax Credit on Capital Goods Input Tax Credit is the key pillar of GST. Input Tax Credit plays vital role in determination of net tax liability of a taxpayer. Under GST, “Input Tax Credit” has been...
How to Reverse ITC on Sale of Capital Goods, ITC on Capital Goods, ITC on Immovable Property, ITC on Motor Vehicle, Process for Reversal of ITC on Capital Goods, Whether ITC available on Capital Goods
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TDS on Rent
Under Income Tax, any person paying rent to another person is liable to Deduct Tax if certain conditions are being satisfied. Further in certain cases if payment is being made to acquire property then TDS shall also be deducted....
TDS on Joint Development Agreement, TDS on rent paid by individual, TDS on Rent Payment, TDS rate on rent of plant machinery, TDS u/s 194I, TDS u/s 194IB, TDS u/s 194IC