Though the Government has set high rates of GST on some products and services, the impact of GST would not effect the final prices much because of the input credit claim. Take a look at the calculation of Input Tax… Read More
Income Tax Department will take action against taxpayers violating the Rs. 2 lakhs limit
The income tax department has recently warned taxpayers involved in violating the cash transaction limit of Rs. 2 lakh or more and said that the receiver of the amount will penalized with an equal amount as penatly. The income tax… Read More
Non-Banking Finance Company Registration in Delhi
Non-Banking Finance Company is a fast emerging financial system in India. Its a type of financial institutions (other than commercial and co-operative banks) doing the work of financial intermediation in number of ways like accepting deposits, making loans and advances,… Read More
Aadhaar mandatory for ITR filing
The Income Tax Department has made it mandatory for the Resident Individuals to qoute their Adhaar or enrollment id mandatorily for the Assessment Year 2017-18. The change have been mandated by the Finance Bill 2017 to make it mandatory for… Read More