The Central Board of Direct Taxes (CBDT) has introduced a new utility named JSON Utility for ITR - 1 and ITR - 4 for Assessment Year 2021-22 and have discontinued the Excel and Java Version of these ITR Utilities.
This write-up series would help the businesses to proactively understand and address the practical business error scenarios which would further help them to adapt to this law requirement comfortably.
Entire income shall be offered as income for taxation in the year of actual receipt u/s 145 and section 198 shall be treated as a section inserting deeming fiction to avoid ambiguity in the law.
We have prepared a Compliance Calendar in two parts, i.e. Compliance Calendar for GST due dates of April 2021 and Compliance Calendar for Income Tax due dates for the month of April 2021.
Should people continue contributing towards a voluntary provident fund (VPF) that earns the same interest as that of an EPF and enjoy the same tax treatment or not?
Deduction u/s 80IC of the Income Tax Act has been provided by the government to set up industries in specified backward states and to provide a push to the economy.
The updated rates for Tax Deducted at Source and Tax Collected at Source which will be applicable from 1st April 2021 have been listed in this article.
As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare an invoice by uploading specified details of the invoice on IRP and obtain an IRN. The Invoice containing IRN is known as ‘e-invoice’ in GST.
Section 164 of the Companies Act 2013 states the provisions for the disqualification for application of director. In line with the Companies Act 2013, Section 164 is applied to disqualify directors of a company.
The NRI has to fill up and submit Form 15CA (Online Application Form) and Form 15CB (Chartered Accountant Certificate) to the bank branch to transfer money from India to a foreign country.
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools