Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.
In the normal course, indirect taxes are collected and paid by the supplier (trader, manufacture). For understanding, we may call it direct
Of late this month we must have received lot of demand from CPC seeking demand for non remittance of 234E FEES (not Tax). Well here is something to crunch on 234E will not apply to cases where TDS payment is made beyond the time limit prescribed for
Return of income is the format in which the assessee furnishes information related to his total income and tax payable. It is a declaration of income by the ass...
In this comprehensive guide, we will explore the various aspects of physical verification in Indian GST, the standard operating procedures, and the implications for businesses.
Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961 - Updated FAQs
An article on major changes in income tax for FY 2017-18/ AY 2018-19
A New section, 194M has been introduced vide finance act, 2019 with regard to Payment of certain sums by certain individuals or Hindu undivided family
Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English