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AugPress Release, dated 10-08-2019 The Finance Ministry has simplified the process of assessment in the case of Start-up entities. It has been decided by the Central Board of Direct Taxes (CBDT) that:a) In case of Start-up entities recognized by DPIIT which have filed Form No. 2, the contention of the assessee will be summarily accepted if cases […]
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AugThe Income-tax return (ITR) forms for the Assessment Year (AY) 2019-20 were notified vide notification bearing G.S.R. 279(E). dated the 1st day April, 2019. Subsequently, the instructions for filing ITR forms were issued and the software utility for e-filing of all the ITR forms were also released. After notification of the ITR forms various queries have[…]
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JulRWA charge monthly subscription for various services e.g. security, maintenance, electricity, water supply procured on for residents of residential society. In GST regime, exemption is available under point 11 of NN-12/2017-CT (R), to the services provided by unincorporated body or NPO (RWA) to its own members by way of reimbursement of charges or share of contribution up[…]
