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The Term ‘Turnover’ has not been defined under the Income Tax Act, 1961. According to section 2(91) of Companies Act 2013 as amended by the Companies […]

Section 54 Allowability Exemption is Allowed provided the Assessee has Long Term Capital Gains on transfer of Residential House. Allowed To Individual/HUF Conditions to be Satisfied […]

It is a contract between a company and the web developer it assigns the responsibilities, duties, liabilities, terms and conditions of both the parties. The main objective […]

The GST portal made GSTR-2B available in GST portal from August 2020. The GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient. […]

“Profits and Business or Profession” are the sources from where the tax is filed. While the payrolls are taxable inside the administrator salaries. As a salaried […]

An ITR or Income Tax Return is a form that enables a taxpayer to declare his investments, expenses, income, taxes, tax deductions, etc. As per the […]