Articles by CAJayprakash Pandey

Stringent Provisions under the Income Tax Act w.e.f 1st July 2021

Posted by CAJayprakash Pandey 21 June 2021 2641 Views

Discussing 3 stringent Income Tax provisions applicable w.e.f 1st July 2021 i.e. Section 194Q, Section 206AB, and Section 206CCA of the Income Tax Act.

Analysis of GST Notifications Issued on 17th June 2021

Posted by CAJayprakash Pandey 19 June 2021 8406 Views

CBIC has clarified that services provided to an educational institution by way of serving food is exempt from levy of GST irrespective of its funding from government grants or corporate donations.

Did you know all about e-way bill concept and related provision under GST?

Posted by CAJayprakash Pandey 17 June 2021 9717 Views

An E-Way Bill is required for the movement of goods. It helps to identify the movement of goods at every state and thus helps prevent tax evasion (If the bill is not accounted for either by the seller or buyer).

How you can download Form 26AS on the new Income Tax Portal?

Posted by CAJayprakash Pandey 14 June 2021 12485 Views

A new avatar - Effective from June 1, 2020, your Form 26AS will now contain information regarding tax refunds and demands (if any) against your PAN.

Finance Act 2021 | Did you Know? Certain Taxpayers Have to Pay Double Tax w.e.f 1st July 2021

Posted by CAJayprakash Pandey 12 June 2021 15863 Views

Section 206AB shall replace the applicability of TDS rate with a higher rate of TDS for those who have not filed an ITR for two PY when the aggregate of TDS and TCS is beyond 50,000 rupees in each of those two PY.

Concept of TCS and practical issue under GST

Posted by CAJayprakash Pandey 17 May 2021 5360 Views

This article will help you to solve your problems related to 2 important areas under GST i.e. Concept of TCS and related Provisions and Practical Problem/Doubts regarding it.

Non-Payment of Tax to the Government - Is the Seller liable or the Buyer?

Posted by CAJayprakash Pandey 15 May 2021 12204 Views

Madras High Court has given relief to the genuine buyer that the seller must be examined in such cases and recovery proceedings must be initiated against the seller.

Interest, Late Fees and Penalty under TDS provision

Posted by CAJayprakash Pandey 14 May 2021 18240 Views

Discussing TDS Interest and its different types, together with the late fees for delay in filing of TDS Return and penalty that may be imposed on late filing of TDS Return u/s 271H.

Restriction on Cash Transaction and 10 High value cash Transaction

Posted by CAJayprakash Pandey 14 May 2021 5175 Views

This article will help you to solve your problem related to the restriction on cash transaction and the top 10 high value transactions as per the Income Tax Act/GST.

Making the Right Choice between New Tax Regime Vs. Old Tax Regime

Posted by CAJayprakash Pandey 11 May 2021 16779 Views

The concept of Old Vs New Tax regime = a dual tax regime was introduced by Finance Act 2020 for FY 2020-21. In this article, we discuss the criteria one should follow while making the right choice between the two regimes.