DIR-3 KYC Date Extended

The Min­istry of Cor­po­rate Affairs has received rep­re­sen­ta­tions from stake­hold­ers express­ing cer­tain dif­fi­cul­ties in fil­ing e-form DIR-3 KYC in accor­dance with Rule 12A of the Com­pa­nies (Appoint­ment and Qual­i­fi­ca­tion of Direc­tors) Rules, 2014. Requests have also been made for exten­sion…

GST Rate reduced for Real Estate Sector

Rec­om­men­da­tions of the 33rd GST Coun­cil meet­ing  Real estate sec­tor is one of the largest con­trib­u­tors to the nation­al GDP and pro­vides employ­ment oppor­tu­ni­ty to large num­bers of peo­ple. “Hous­ing for All by 2022” envi­sions that every cit­i­zen would have…

Key highlights of the Interim Budget 2019–20

The key high­lights of the Inter­im Bud­get 2019–20 pre­sent­ed by Shri Piyush Goy­al in Par­lia­ment today are as fol­lows: Income Tax Per­sons hav­ing Total Income upto Rs. 5 lakh exempt­ed from Income Tax. Basic Exemp­tion lim­it and Tax Slab has been…

Taxability of Perquisites Under Income Tax

Tax­a­bil­i­ty of Dif­fer­ent Perquisites paid to Employ­ees by Employ­ers in the hand of Employ­ee for the finan­cial year 2018–19 under Income Tax. Sec­tion wise details has been giv­en in tab­u­lar For­mat. 17(2)(i)/(ii) read with Rule 3(1) Rent free unfur­nished accom­mo­da­tion…