Sourav

Process of Dissolution of partnership Firm 3 min read

• Business

Process of Dissolution of partnership Firm

Sourav 8 years ago

If any of a partner in a firm wants to relive his shares, he can dissolve his partnership. In such circumstances, if any one member... Read More

Understanding Limited Liability Partnership- and How to Establish a Limited Liability Partnership Firm 2 min read

• Business

Understanding Limited Liability Partnership- and How to Establish a Limited Liability Partnership Firm

Sourav 8 years ago

Limited Liability Partnership It is a single structure which comprises limited liability feature for a company. It gives a facility of flexibility in partnership. All... Read More

Relaxation u/s 119(2)(c) can be claimed only within the prescribed time period 2 min read

• Income Tax

Relaxation u/s 119(2)(c) can be claimed only within the prescribed time period

Sourav 8 years ago

It is a common thing that taxpayers’ delay in filing their income tax refund claims for. Likewise filing of tax by some of the taxpayers... Read More

Changes in Form 3CD for Assessment year 2016-2017 3 min read

• Income Tax

Changes in Form 3CD for Assessment year 2016-2017

Sourav 8 years ago

The Central Board of Direct Taxes has reported Income-tax (7th amendment) Rules, 2014 that replaces the current Form No. 3CD with a changed a new form. This... Read More

Income Computation and Disclosure Standard for valuation of inventories 2 min read

• Income Tax

Income Computation and Disclosure Standard for valuation of inventories

Sourav 8 years ago

ICDS (Income Computation and Disclosure Standard) is related to computation of income which chargeable under the head “Profits and gains of Business or profession” and... Read More

Is Goodwill taken by Partner at time of Retirement Taxable? 2 min read

• Income Tax

Is Goodwill taken by Partner at time of Retirement Taxable?

Sourav 8 years ago

Retirement of a Partner A partner in a firm may retire due to any reason like old age, better opportunity, or disagreement amongst the partners.... Read More

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness 2 min read

• Income Tax

How to Keep your Credit Score, CIBIL, healthier for better Creditworthiness

Sourav 8 years ago

What is Credit Score? A credit score is a 3 digit figure which is generated with the help of a mathematical algorithm which uses the... Read More

Input Tax Credit on Inputs sent to Job-worker for Job-work under GST Rules 2 min read

• GST

Input Tax Credit on Inputs sent to Job-worker for Job-work under GST Rules

Sourav 8 years ago

Understanding Input Tax “Input tax” means the {CGST and IGST}/{ SGST and IGST} paid on any goods or services which are used or will be... Read More

Offences and Penalties under GST 4 min read

• GST

Offences and Penalties under GST

Sourav 8 years ago

Offences are penalties are one of the most significant parts of any ACT that provide a stick to the Act for its proper implementation and... Read More

What will be the implications of GST over Inter-State Transactions? 2 min read

• GST

What will be the implications of GST over Inter-State Transactions?

Sourav 8 years ago

Understanding GST’s role in Inter-State Trade As per the Integrated Goods and Services Tax (IGST) law, IGST would mean that the tax which is levied... Read More