CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Equalisation Levy: Applicability, Features and Penalty
As we all know the due date for filing GST Annual Return and GSTR-9C is 30.09.2020. But still there is no clarification regarding the manner of presenting details in the respective returns.
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Moratorium period should be availed only if there is an acute financial crunch with an individual, else it would cost the person a lot more to compensate for a period of 6 months moratorium. Hence only 20% availed it.
A brief Summary of the Sections restricting cash payment under the Income Tax Act, 1961.
A standard deduction of flat INR 50,000 is available to the taxpayers. From FY 2020-21 the Standard Deduction can be claimed if the salaried individual does not opt for concessional Tax Rates in the New Tax Regime.
Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer (FPO's)
Section 80D| Deduction in relation to Medical Expenditure
Central Government has issued 3 Notification on 9th June 2020. Details, explanations, and impact of all these Notifications been summarised precisely herein.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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