The government though has offered lowered tax rates on one hand but has also taken away certain deductions and allowances on the other hand. So taxpayers will have to choose accordingly.
Form 15CA is a declaration of remitter used as a tool for collecting information in respect of payments that are chargeable to tax in the hands of the recipient NRI. Form 15CB is a kind of certification regarding rates and the right kind of tax paid by you.
Only essential services will be allowed during the lockdown, however, the movement of individuals will be allowed only with the possession of an e-pass. Discussing the process of the same in this article.
People who advised me to leave this course now look at me with respect. With these two letters 'CA', I achieved my purpose of joining this course, which is RESPECT.
You Can Save Your Taxes By Using Various Exemptions And Deductions Provided By The Government Under Various Provisions Of Income Tax Act,1961. Discussing the same in this article.
This section intends to cover the Gross receipts/Sale consideration received by the Seller on the sale of immovable property. TDS is to be deduced by the person paying the above consideration i.e. buyer.
The predicament arises when the turnover of both the buyer and seller exceeds Rs 10 crores and both are liable to comply under their respective provisions; as the sale and purchase are flipsides of a transaction.
The Government along with the organization established to overlook the companies (ROC) sets out various compliances under the act which every company needs to follow.
Directors are required to let the shareholders know about the performance of the company every FY. This is done by issuing the Directors' Report attached along with the audited financial statements at the AGM of the company.
The new provisions have removed the concept of perpetuity and have provided that the registration of even existing organizations registered u/s 12A and 12AA would be renewable after 5 years.
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