9899826222
PPSINGH & ASSOCIATES is a firm of Chartered Accountants having office in NCR Delhi just 0.5 km from Anand Vihar ISBT Delhi the capital of India established in the year 2003.
4F -CS-03, 4th Floor, Ansal Plaza, Sector-1, Vaishali, Ghaziabad- 201010 (UP)
Reverse charge (RCM) and notifications issued for levy and collection of GST under RCM Introduction: under GST the liability to pay tax is generally on the supplier of goods or
Rate of depreciation under income tax and related provisions [Section 32 read with rule 5 along with appendix -1 &1A] Depreciation on both (i) tangible assets such as buildings, machinery,
Late fee/ penalties for default/ offences under Income Tax Section Nature of default Quantum of penalty Comments 234E Fee for default in furnishing statements of TDS or TCS
Prohibition or restriction on cash transactions under income tax Section Nature of cash transaction Restriction/prohibition Threshold limit comments 40A(3) Expenditure for business or profession expenditure in respect of
List of important deductions from gross total income under chapter VIA General points: Deduction not available from certain types of income which is subject to special provisions/special tax rate under
Income Tax in certain special cases- chapter XII Section Heading comments 110 Determination of tax where total income includes income on which no tax is payable. In such a
CHAPTER –XII-A SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENTS Section Section heads Comments 115G Provision of this chapter as discussed is optional and assessee may not avail
CHAPTER XII-B SPECIAL PROVISIONS RELATING FOR TAXATION OF CERTAIN COMPANIES 115JB Special provision for payment of tax by certain companies based on book profit. Positive adjustments by