Section 80JJAA of Income Tax Act Background
Section 80JJAA of income tax act was introduced to provide incentives to industries to generate employment for semi-skilled and unskilled labours. It was amended by Finance Act, 2016...
CBIC has clarified various doubts as regards treatment of various sales promotional schemes under GST vide circular 92/11/2019 dated 7th March 2019 to ensure uniform implementation of the law. Summary of the said circular is as...
Highlights of notifications issued by CBIC dated 7th March 2019 are as below.
Increase in turnover threshold limit for dealers under composition scheme
Threshold limit of aggregate turnover for composition scheme dealers u/s.10 of CGST Act has been...
Background
The Supreme Court verdict dated 28 February 2019 in the case of Regional Provident Fund Commissioner West Bengal v. Vivekananda Vidayamandir and others reiterated the salutary principles of ascertaining components of salary to be...