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Will your gold ornaments be costlier ?
Goods & Services Tax by Shashank on Apr. 06, 2017Hey guys, Do you know India is the second biggest consumer of gold across the globe ? I bet you know that. Attention ladies who like the yellow metal. This may be the article of your choice. If you want to buy a lot of gold do it now, otherwise post july buying the same amount of gold will burn a larger hole in your pocket. You may be wondering why are we saying this. Yes, it is true trust us. Read our below article if you really want to know why!!!
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High Court held sales propomtion expenses were revenue in nature.
Income Tax by Kanishka on May. 02, 2017Adani Retail Ltd filed its tax return claiming deduction of Rs.1.70 crore towards expenditure for sales promotion. AO denied it holding that expenditure was not a revenue expenditure and assessee had spread the claim over three years in its books of account. CIT(A) & ITAT allowed assessees appeal. High Court held expenses were revenue in nature.-500272
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Understanding Restaurant bills post GST
Goods & Services Tax by Yuvraj on Sep. 01, 2017According to a popular survey of middle class population, it was found that a major portion of income is spent on food and dining out. While being a foodie is trending nowadays, people’s love for eating in restaurants is traditional. Let us see how GST affects the masses favourite activity
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The great Indian Start up Boom under GST
Goods & Services Tax by Yuvraj on Sep. 06, 2017Start up, the latest fad among Indian populace is the one of the most interesting and lucrative sectors right now. The startup boom in India has begun full flow. We rank third globally with over 4,200 startups and the number is set to increase to 10,000 by 2020. With around 3 startups born every day in the country, one just has to ask – how will the new tax laws under GST affect a sector that is probably the next best thing since the internet bo...
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