As per Notification No. 78/2020 - Central Tax, it is mandatory for registered taxpayers to mention 4/6 digit HSN/SAC Code on Supply of goods or services on tax invoices w.e.f April 1, 2021.
Discussing the time limit for depositing tax deducted at source to the central government as per different situations u/s 200(1) & (2) of the Income Tax Act.
Experts have suggested that these days, people are unable to concentrate on something for more than 20 mins. In this article, we will be focusing on ways in which concentration during exams can be increased.
Discussing some basic email etiquettes and tips that professionals must follow in order to maintain decorum in their communication, in a formal environment.
The online e-commerce operators will deduct GST TCS @ 1% along with other charges like Commission, courier charges etc. from the amount collected from the retail customer, and the balance will be repaid to the seller.
Discussing 15 basic mistakes that are related to Charging of GST or Reversing Ineligible ITC, that a registered taxpayer must avoid under all circumstances.
The general purpose financial statements of an entity are prepared using the going concern basis of accounting unless the management intends to liquidate or to cease the operations or there is no realistic alternative to do so.
In pursuance of rules framed under section 199 of the Income Tax act, credit for tax deducted at source shall be given to the deductee for the assessment year for which such income is assessable.
Enrolling for CA Final level course has become an easy task since ICAI has made all the registration process online. This article is a complete guide for CA Final Registration.
Residential Status is to be determined for the taxability of income of a person. This term is coined under the Income Tax Act and has nothing to do with the nationality or citizenship of a person.
CAclubindia
