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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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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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