Among the many things that COVID-19 has changed the definition of workspace might also change in the near future. Here is hoe your workplace might undergo a change.
As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services. Thus, there is a clear demarcation of a works contract as a supply of service under GST.
May 19 to Nov 19 So here I'm writing about a very interesting phase of my life wherein I faced failure and turned it back to success, the purpose of this is to inspire people to fight back.
The new TDS and TCS rates have been reduced by 25% for the period 14/052020 to 31/03/2021. The reduction in TDS is for non-salaried specified payments made to residents.
But, Enron in India had been an economic disaster and a human rights nightmare. From the beginning, the project was in controversy.
One of the most disputed or major areas of concern for both taxpayers and authorities in the earlier regime was "works contract".Earlier this was the tricky area because it was taxed under both VAT and service tax as a good and service respectively and also a works contract tax used to be levied.
The TDS and TCS rates have been reduced by 25% of the existing rates. The revised TDS rates will be effective from the period 14/05/2020 to 31/03/2021.
Section 115BAC, introduced by the Finance Act, 2020, provides that, the income-tax payable in respect of the total income of a person, being an individual or a Hindu Undivided Family (HUF), for any previous year beginning on or after the 1st day of April, 2020 shall, at the OPTION of such person, be computed at concessional rates.
EPFO advance can now be claimed online on the EPFO Portal. An employee should have his UAN activated to avail such services on the EPFO Portal.
The dividend distribution tax has been abolished from 1 April 2020. Tax on dividends which was earlier payable by the company is now taxable in the hands of the shareholder.
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