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by in GST Update

Liability of GST on Principal and Agent

  Agent of the principal is one who carries on the business of supply or receipt of goods or services or both on behalf of another person, being the principal. The agent functions as an extended arm of the principal and therefore, supplies (inward and outward) effected by an agent on behalf of the principal […]

by in Income Tax

Is PF included in Section 80C ?

  In this article we am trying to clarify one of the much asked question – Under Section 80C, I am aware that we can invest up to Rs 1,50,000 to avail of a deduction. Is our Provident Fund contribution included in this? For instance: Basic annual salary = Rs 4,80,000 PF contribution = Rs 57,600 […]