Writing down your daily experiences along with the lessons you have drawn from them will make you wiser with each passing day. It will also help you remain focused on the things that truly count.
Finance act, 2021 has introduced a new section 194Q w.e.f. 01.07.2021 which requires a specified buyer to deduct TDS w.r.t. purchase of goods from a resident seller.
Virtual meetings allow people to meet and exchange information in real-time. The Companies Act, 2013 allows companies to hold board and general meetings through e-mode, with some restrictions.
Discussing all the Compliance Requirements that lie in the month of July 2021 under the Income Tax, GST, Provident Fund, ESI and IEC Laws.
One of the common sources of income is rental income from house. The income from houses, buildings, godowns etc. is to be computed and assessed to tax under the head "Income from house property".
The adoption of IT no longer remains a choice. It is critical for the firms to consider effective implementation of IT infrastructure to obtain the desired results.
The MCA has released a list of forms for which relaxation is provided vide General Circular No. 11/2021 & 12/2021. For the purpose of General Circular No. 06/2021 & 07/2021, a list of 53 forms was already in existence. In addition to that the MCA has added 4 more forms.
The CBDT on 30th June, 2021, has issued a set of guidelines in regards to the application of Section 194Q w.e.f. 1st July, 2021 vide Circular No. 12/2021.
A rule of thumb is a simple yet practical approach to any particular subject or course of action. It is a basic rule-set that gives practical instructions to accomplish a certain task.
In this article, I have tried to summarize the notifications issued by MCA from time to time in the month of June'21.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English