1. Section 2(13A) – Definition of Business Trust: Business Trust means a trust registered as, i) An Infrastructure Investment Trust under the SEBI regulations, 2014; orii) A Real Estate Investment Trust under the SEBI regulations, 2014, and the units of...
1. Non-Resident Indian means an individual being a citizen of India or a person of Indian origin who is not a resident.2. Foreign Exchange Asset means any specified asset which the assesse has acquired or purchased with or subscribed to in convertible foreign...
1. Section 2(42C): Definition of Slump Sale: Transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales. 2. Section 50B: Special provision...
1.Eligible assesse – All assesse engaged in the business of growing and manufacturing tea, coffee or rubber in India. 2.Quantum of deduction – Lower of the following a. Amount deposited in NABARD or deposit accountb. 40% of PGBP of such business before...
1. Eligible assessee – Any assesse i.e. Company or non – corporates 2. Quantum of deduction – Deduction @ 15% of the actual cost of the new asset installed. 3. Condition of setting up new undertaking – Assessee should set up an undertaking for...
Income Tax The new Direct Tax regime proposed by our finance minister Smt. Nirmal Sitaraman is an optional scheme. However, a few taxpayers may not be able to switch back to the existing tax slab once they opt to follow the new one. As per the insertion of new section...
Sinewave Computer Services Pvt. Ltd. (ISO 9001-2015 Certified) is 36 years old income tax and HR solutions software development company situated in Pune, Maharashtra, India. We are catering to 20,000+ customer base across India.
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