COST INFLATION INDEX FOR CALCULATING CAPITAL GAIN

Post author:WhyTax
Post published:June 18, 2021
Post category:Income Tax
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NOTIFIED COST INFLATION INDEX UNDER SECTION 48, EXPLANATION (V) As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost Inflation Index :- Sl. No.Financial YearCost Inflation Index12001-0210022002-0310532003-0410942004-0511352005-0611762006-0712272007-0812982008-0913792009-10148102010-11167112011-12184122012-13200132013-14220142014-15240152015-16254162016-17264172017-18272182018-19280192019-20289202020-21301212021-22317…

Section 185 Of Companies Act 2013

Post author:WhyTax
Post published:June 14, 2021
Post category:Business Law MCA
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Section 185 of Companies Act 2013 deals with prohibitions, relaxations and exemptions on the part of companies towards lending of loans, providing security & guarantee to the directors of such a company or any other…

Section- 54F of the Income Tax Act

Post author:WhyTax
Post published:June 12, 2021
Post category:Income Tax
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Section 54F of the Income Tax Act, 1961 is a section that allows tax exemption on the long term capital gains earned from selling a capital asset, other than a house property. So, if you…

Post Office Savings Scheme- 8

Post author:WhyTax
Post published:June 10, 2021
Post category:Others
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National Savings Certificates (NSC) Interest From 01.04.2020, interest rates are as follows:- 6.8 % compounded annually but payable at maturity.INR 1000/- grows to INR 1389.49 after 5 years 2. Minimum Amount for opening of account…

FCRA Registration

Post author:WhyTax
Post published:June 6, 2021
Post category:Business Law Income Tax Others
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Under Section 6 of Foreign Contribution Regulation Act, 2010, it is provided that any organization having a definite cultural / social / educational / religious / economic object shall accept foreign contribution / donations only after…

E-Form 15CA And 15CB

Post author:WhyTax
Post published:June 3, 2021
Post category:Income Tax
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Form 15CA Any payments made by a resident to a non-resident has to be reported under the Income Tax Act. The idea behind deduction of the taxes at source and their subsequent reporting is to…

MCA FORM INC – 22

Post author:WhyTax
Post published:June 2, 2021
Post category:MCA
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A company is to have an official registered office from the fifteenth day of its incorporation to be able to receive and acknowledge all communication and notices that are addressed to it. Further, the verification…

EWAY BILL- ENHANCEMENT IN EWB

Post author:WhyTax
Post published:June 1, 2021
Post category:GST
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National Informatics Centre Release Notes: 01/06/2021 With reference Notification 15/2021-CT dated 18.05.2021, to blocking of GSTIN for e-Way Bill generation is now considered only for the defaulting Supplier GSTIN and not for the defaulting Recipient…