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tds on rent 0

Section 194 I – TDS on Rent

Section 194 I of Tax Deduction on Source states: “Rent – Any person not being an individual / HUF responsible for paying rent has to deduct tax at source at the following rates. (a)...

ind as applicability 0

IND AS Applicability – Indian Accounting Standards

What is IND AS? Indian Accounting Standards (AS) can be understood as standards for the IFRS (International Financial Reporting Standards) to ensure that Indian Companies are accessible globally. These standards adopted were made mandatory...


International commercial arbitration – Legal Recognition

Introduction—- The legal base of international commercial arbitration in India can be historically traced to – (1) The Protocol on Arbitration Clauses 1923 (Geneva Protocol). (2) The International Convention on the Execution of Foreign...


Liquidated Damages

Introduction Liquidated Damages means compensation in terms of money. What kind of compensation? Compensation for the loss or damage suffered by either party in a contract. However, only when such loss or damage occurs due...


Place of Supply of Goods under GST

Goods and Services Tax (GST), one of the biggest indirect-tax reforms in India, is a destination based tax system or a consumption-based tax system which means the consuming state will collect the GST whereas...

code of civil procedure 1908 0

CPC – Code of Civil Procedure 1908

Code Of Civil Procedure 1908’s Historical Background Till 1859, in India, there was no uniform systematized law for the procedures to be followed in Civil Courts. In those past times, under the British standard,...