Small dealers and Composition Scheme : Right from the pages of GST Law

“Composition means componere, meaning "put together". One of the  feature of Indirect Tax laws is that in order to provide a comfort to assessee from complying with the requirement of… Read More


Should you purchase Capital Gain Bonds of NHAI & REC to save Tax?

The Gains that arise on the sale of a Long Term Capital Asset are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. However… Read More

0% Tax on Dividends received from Indian Company/ Mutual Fund

The dividends received from any Indian Company upto Rs. 10 Lakhs are tax free in the hands of the investors under Section 10(34). Moreover, any income received in respect of… Read More


Section 54, 54EC, 54F: Exemption from Long Term Capital Gains Tax

At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The Resultant Figure to be paid as Tax… Read More


Computation of Short Term & Long Term Capital Gain Tax on Property

At the time of Sale of any Real Estate Property, Tax is liable to be paid on the Gains earned on the sale of the Real Estate Property. Such Gains… Read More

Tax Implications of Dividend Stripping (with Examples)

Dividend stripping is the practice of buying a share/mutual fund units, just before the declaration of dividend and then selling it off right after the receipt of dividend, when the… Read More

Loss from House Property

TDS on Property Sale @ 1% under Section 194IA

The Indian Finance Minister while announcing the Budget 2013-14 introduced TDS on Property @ 1% on all Immovable Property Transactions over Rs. 50 Lakhs under Section 194IA. Reason for Introduction of… Read More

3 ways to register a Sole Proprietorship in India (with Infographics)

A sole proprietorship is the most common form of a business entity where one person is the owner and is personally liable for all the debts and liabilities of the… Read More

How Indians can invest in Shares of Facebook, Google etc listed in US?

The interest among Indians to buy shares of companies listed in the US has been on an uptrend. A lot of people are now interested in buying shares of companies… Read More


Best HR Management Systems in India

Human Resources are an integral part of any organization. It is essential to properly take care of the human resources for the organization to be successful. At the same time… Read More

How to calculate interest on Savings Account and Fixed Deposit?

Savings account is the most widely used account to park your savings. The withdrawal flexibility is what makes it the most preferred account. And Fixed deposits are popular in terms… Read More

Udyog Aadhaar: 25 Benefits of Registering Aadhaar for your Business

What is Udyog Aadhaar? Udyog Aadhaar (also called as Aadhaar for Business) is a unique 12-digit Government identification number provided by the Ministry of MSME for the small and medium… Read More

Submit LUT for Exports without payment of GST (Updated)

Export sales are considered as a case of Inter-state sale under GST and are therefore covered under the IGST Act. As per the IGST Act, the export of goods and… Read More

Why is Cess and Surcharge levied separately?

The Constitution of India grants the power to the Union to raise revenue by levying cess. Article 270 of Constitution of India states that the Government can collect tax in… Read More

Special Provisions for Tax on sale of Shares/Mutual Funds by NRI

When a NRI invests in the stock market of India, he is subject to capital gain tax on the profit earned through trading done in India. There are two types… Read More

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