In this edition, we bring you to quite a few interesting articles.
The article on ‘Affordable Housing – Income Tax & GST Perspective’ deals with tax incentives under both the taxation laws for a business which is engaged in making the goal of this government true. We have also commented on certain issues from both the taxation laws with respect to affordable housing.
We also have an article on ‘Gifts, Discounts, Credit & Impact thereof’, wherein one of the issues in GST with respect to the gifts, discounts and impact of credit is detailed. This is based on the recent rulings of AAR and Circulars issued by CBIC on the said subject.
The next article is on ‘MSME vis-à-vis Internal Audit’, which brings the importance of internal audit for MSMEs and the key challenges faced by Auditor in auditing such auditees.
The final one is on the new section introduced by Finance (No.2) Bill, 2019 in direct taxation, which deals with deduction of tax by individuals or HUFs when using the services of contractor or professionals. We have also contributed certain FAQs for the benefit of Clients.