Section 97 (1) An applicant desirous of obtaining an advance ruling may make an application in such form as may be prescribed. Read further about section 97 of CGST Act
Section 98 (1) On receipt of an application, the Authority shall cause a copy thereof to be forwarded to the concerned officer. Complete text of Section 98 of CGST Act
Section 2 (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882. Read more about Section 2 of GST Act.
Section 8 of the CGST Act provides the manner of determining tax liability on composite or mixed supply. A composite supply shall be treated as a supply of principal supply..
Section 148, before making the assessment/ reassessment, the Assessing Officer shall serve on the assessee a notice along with a copy of the order passed
Before issuing notice, AO is required to comply with the procedure under section 148A. Issue of notice under section 148A is an opportunity for the assessee to explain his case.
CGST Act Section 129, where any person transports any goods or stores any goods while they are in transit in contravention of the GST law, all such goods and conveyance used shall be liable to detention or seizure
As per section 5, the total income of any previous year of a person who is a resident includes all income from whatever source derived
As per section 10A, newly established undertakings in free trade zone have to complied with these special provisions while computing total income.
Section 10AA provides special provisions for computation of total income of newly established Units in Special Economic Zones (SEZs)
Section 14A (1) no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income
CGST Act Section 132, (2) Where any person convicted of an offence under this section is again convicted of an offence under this section, then, he shall be punishable for the second and for every subsequent offence with imprisonment for a term which may
Section 10 of the Income Tax Act specifies the various incomes which will not be included while computing taxable income. Know more about section 10
Section 263 (1) The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may call for and examine the record of any proceeding under income tax Act..
Section 28, The following income shall be chargeable to income-tax under the head Profits and gains of business or profession - any compensation or other payment due to or received..
Section 37 provides general deductions under income tax. (1) Any expenditure incurred exclusively for the purposes of the business or profession shall be allowed in computing the taxable income
Section 135 (1) Every company having specified net worth or turnover or net profit during the preceding FY shall constitute a Corporate Social Responsibility Committee
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