Section 194 I – TDS on Rent
Td on rent is a quite confusing aspect, many people confuse in it. Let us see the actual Section 194 I of Tax Deduction. It says that “Rent – Any person not being an individual
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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 for
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Trademark infringement – Trade Marks Act, 1999
Trademark A trademark is intended to serve the purpose of acknowledging the source or origin of goods or services to which that particular mark belongs. With the growth of globalization and e-commerce consumers started identifying
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Hindu Undivided Family and its Tax Benefits
What is a Hindu Undivided Family? Members of a Hindu family can unite and form a Hindu Undivided Family (HUF). There is no requirement of a contract for forming a HUF. One person alone cannot
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All About Probation of Offenders Act
Probation of Offenders Act “Hate crime, not the criminal.” -Mahatma Gandhi The objective of criminal law is to reform the offender than to punish him.[1] The Conventional measure towards curbing of a criminal act
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Criminal Investigation Department – Powers
Introduction To Criminal Investigation Department Contrary to popular belief, CID or the Criminal Investigation Department is a real and existing department within the Indian Police forces. However, it is not as dramatic as its media
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NSC – National Savings Certificate
What is NSC? NSC or National Savings Certificate is a tax saving scheme under Section 80C of the Income Tax Act,1961. The NSC is a fixed income investment scheme. It is used for tax saving purposes.
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Input Tax Credit under Goods and Services Tax
The Government of India, in 2017 introduced Goods and Services Tax to replace all of the other taxes like Sales Tax, Value Added Tax, etc.[i] This has turned out to be a rather significant reform
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