Section 269SU provides that every person, carrying on business, shall, provide a facility for accepting payment through the prescribed electronic modes if any, being provided by such person, if his total sales, turnover or gross receipts in business exceeds Rs.50 Crores
An individual who has taken a loan for the purchase of an Electrical Vehicle from any Financial Institution is eligible to get the benefit of deduction of interest payable on loan under section 80EEB
Budget 2020 impact on charitable trust/Institutions
Amended Direct Tax Vivad se Vishwas Bill, 2020
Tax collected at Source(TCS) on tour operator
Free allotment of Instant PAN Through Aadhaar Based e-KYC
Direct Tax Proposals form a backbone of Union Budget. This year also, several key changes have been brought to the statute book of Income Tax. These changes are meant to constant refinement and fine tuning of the law relating to Income Tax which is still the foremost source of revenue for the Government.
PM Narendra Modi launches a platform for Transparent Taxation to Honor the Honest
The Reporting Portal is an online platform provided by the Income Tax Department to reporting entities for the purpose of registering themselves with the department (ITD) and thus allowing them to submit the required statements to be submitted on the portal
Applicability :Individual and HUFTaxability:Any sum of money,aggregate value of which exceeds Rs.50,000 /- is received during the previous year without consideration,by an Individual or a HUF from any persons on or after 01.04.06 then the whole of th
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English