Change is the only constant, the Laws of the Land are no exception to this rule. As the society changes there comes a need to change Laws, which in the end regulates and standardize the behaviors of the society
Last Parliament session went under unstoppable uproar
Since Budget 2020 was out with optional Alternative tax regime with lower slab rates. These lower rates were tuned with withdrawal of certain exemptions. To arrive at whether or not this is beneficial to the taxpayers, Let us understand scenario under both the regime.
Those intent dreams within me
Took my sleep away from me
Tired was my soul
Still I kept on working upon it with nuts and bolts
Nothing was in ease
Because I was in search of peace
Everyone admired the person within me
1. Introduction
Section 9 enumerates various categories of income under clauses (i) to (viii). Income falling under each of the clauses shall be deemed to accrue or arise in India. As per Section 9(1)(i), whether directly or indirectly, the following incomes are deemed to accrue or
जब दिल दुखता है,
दर्द ज्यादा होता है,
और हर तरफ सिर्फ अंधेरा होता है,
तब मैं इंतज़ार करती हूँ,
इंतज़ार दर्द खत्म होने का, अंधेरा मिटने का या उजाला होने का नही,
पर दर्द और गहरा होने का,
ख़्वाहिशों के अधूरे होने का,
ज़िन्दगी मे कुछ कम सा होने का
सपने टूटे
As per Income Tax Act, you need to pay taxes on your Income. Union Minister of State (MoS) Sri Anurag Thakur said *the gains arising from the transfer of cryptocurrencies/ assets is liable to tax under a head of income. ft The Income Tax Act
Baaj si udaan bharne ki chahat
As we are aware, section 80G of the income tax act,1961 provides for deduction on payment of donations. Until the last financial year there was no way to counter check the accuracy of the donations paid. The income tax department allowed deduction based on the
The world was already not a great place to live in for businessmen with all the compliances, and with introduction of yet another TDS Section 194Q, it surely has become worse.
The Income Tax Act, 1961 known for its volume is now all set to adopt
Every human being deserves happiness or positive state of mind. Chartered Accountants are not the exceptions.
But
Our positivity is hacked by lot of work pressure, which is due to nature of our work. Every time we have to make the ends meet.
Client’s money, our reputation and