Daily Archives: June 5, 2018

Form GST FORM DRC-03 : FAQs

By | June 5, 2018

Payment on Voluntary Basis (Form GST FORM DRC-03 ) [ Also refer How to make Payment of Form GST FORM DRC 03 ? User Manual ] 1. What is the facility for Payment on Voluntary Basis? Payment on Voluntary Basis is a facility given to tax payers to make payment u/s 73 or 74 of the CGST… Read More »

Expenses incurred to improve quality of existing product allowed : GUJARAT HC

By | June 5, 2018

what emerges is that the assessee who was engaged in manufacturing textile products, had expended the amount in question for product development undertaken by a sister concern of the assessee on its behalf. The research work did not involve development of a new product or even a new technique or technology to manufacture existing product… Read More »

Encashment of bank guarantee for non performance allowed as exp. :ITAT Delhi

By | June 5, 2018

Encashment of bank guarantee for non performance is Capital Expenditure or revenue Expenditure Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining  Encashment of bank guarantee for non performance allowed as exp under income tax Issue involved in this appeal is whether the bank guarantee encashed by the Delhi transport Corporation… Read More »

Presumptive Taxation under Income Tax : Free Study Material

By | June 5, 2018

Presumptive Taxation under Income Tax : Free Study Material Free Study Material on Presumptive Taxation under Income Tax Presumptive taxation U/s. 44AD, 44ADA, 44AE of Income Tax FA 2019 Income Tax on Presumptive Basis u/s 44AD, 44ADA and 44AE [ FA2018] : Analysis Presumptive taxation u/s 44AD Income Tax: Audit Limit w.e.f AY 2017-18 Presumptive… Read More »

60% depreciation allowed on Printer being part of computer system : Madras HC

By | June 5, 2018

Paragraph 6 of the order passed by the Commissioner of Income Tax (Appeals), it has been stated that it can be inferred that the machines “computer printers” under consideration can either be called computers-printers, since a lot of independent functions done by the computers are done by these printers and they can be called an… Read More »