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Composition Scheme for Work Contract In Maharashtra Value Added Tax 2002 (MVAT Act, 2002)

Reduction of Set-off for Dealers opting for "Composition Scheme for Works Contract" under Rule 53(4),  Works Contract Regular S...

NPA - Non Performing Assets

DUE AND OVERDUE Any amount becomes due on the fixed time of payment. It becomes overdue if it is not paid on that due date. In the same mann...

10 Consequences Of Non-Compliance With TDS Provisions

Non-compliance with TDS provisions can result in: 1. Disallowance u/s. 40(a) (ia) of Income Tax Act, 1961 (Act). 2. Raising of demand u/s. 2...

Tax Collected At Source: An Introduction

Tax in simple words refers to a compulsory contribution made to the government on a product, income or activity. The government uses the rev...