The Real Estate (Regulation and Development) Act, 2016 came into effect on May 1, 2016, but all the provisions of the Act were fully implemented on May 1, 2017. The Act was primarily implemented to protect the interests of consumers in the real estate sector and also infuse transparency and accountability between the buyers and […]
Company Directors oversees the management and operations of a business, while shareholders own the company. Situations may arise where shareholders opt to remove a director due to inadequate performance or other concerns, or a director may choose to resign. Removing a director is a significant corporate action that requires careful deliberation and strict compliance with
Income Tax law’s Section 35D comes up with the payment reduction policies of specific preliminary expenses borne by an Indian enterprise or a residential individual who is about to start a venture, set up a new industrial department or looking to expand a commercial quest. The deduction is given against the gains secured by the
Terms of office of Presiding Officer The Presiding Officer of an Authority shall hold office for a term of three years from the date on which he enters upon his office or until he attains the age of sixty-five years, whichever is earlier. Practice area’s of B K Goyal & Co LLP Income Tax Return
In Uttar Pradesh, property tax is levied on real estate owners in the state. The property tax is calculated based on the value of the property, and it is used to fund local government services such as schools, roads, and public safety. This article discusses in detail about the Uttar Pradesh Property Tax Payment Procedure.
A ration card is one of the official documents which is issued by a state government. As defined by the government, different households fall under certain categories on the basis of their family income. Himachal Pradesh ration card is a multi-purpose legal document issued by the Himachal Pradesh Food, Civil Supplies and Consumer Affairs Department. Ration
The Fawara Sanyantra under the Agriculture Department of the Rajasthan government will give 70% to 75% subsidy to the farmers for installing sprinkler plants. Through this farmers can irrigate more land by getting sprinkler subsidy. The subsidy given by the state government to the farmers will be sent directly to their bank accounts through DBT.
The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method provides an immediate recognition of revenue and expenses, while the accrual method focuses on anticipated revenue and expenses. Accrual Accounting In simple terms, this is the type of account where the transactions are recorded even when they are
The National Payments Corporation of India (NPCI) puts all sorts of retail payments under its umbrella, making it easier for customers to complete their online transactions in a hassle-free way. As it is a Reserve Bank of India (RBI) program, you must link your Aadhaar and bank account to NPCI,Reserve Bank of India, linking Aadhaar with
The taxpayers can claim the refund of accumulated ITC or input tax credit if certain conditions get satisfied. First, the applicant must file form RFD-01, with the supporting documents, within the time limit given under the Section 54 of the CGST Act read with Rule 89 of the CGST Rules. Taxation is seen as one
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