But income tax is an important legal provision, and we should follow it honestly. However, as far as possible within the scope of the law, we should make the effort to minimize the tax liability through good planning. Hope this article enlightens the facts to our readers in this regard.
The new rules that frame guidelines for computation of short-term capital gains (STCG) gives prescription for arriving at written down value (WDV) of intangible assets
Based on the recommendations of the GST Law Committee, the government has notified new indirect tax rules that makes cash payment of 1 per cent of GST tax liability mandatory for businesses whose taxable supply value exceeds Rs 50 lakh.
