Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws in India. The purpose of an LMPC Certification is to provide a level playing field to manufacturers, importers and packers.
CBDT has granted relaxation in the filing of forms 15CA & 15CB in view of the difficulties faced by the taxpayers in filing the said forms on the new Income Tax portal. The same can now be filed till 15th August 2021.
The introduction of a new tax regime is the biggest development and point of confusion for taxpayers. The FM announced a new set of tax slab rates for individuals, HUFs and co-operative societies.
Section 194Q provides that a purchaser of goods/services shall deduct TDS @0.1% from the amount paid to a seller if the total purchases during the year exceed Rs. 50 lakhs and the turnover in the immediately preceding PY exceeds Rs. 10 crores.
Cryptocurrency is a form of decentralized digital currency secured by Cryptography and based on blockchain technology. The decentralized structure of cryptocurrency allows them to exist outside the control of the government.
The IT Department has introduced a new section 206AB effective from 01.07.2021 that ensures a higher deduction of TDS for the payees who have defaulted in filing their ITR for the preceding 2 years.
If you want to achieve your goals, start working towards them. Even if you fail, you'll be proud of yourself and if you're committed, you'll begin to succeed.
Finance Act 2020 has made major amendments to the taxation of dividends. With these amendments, the general notion that dividends are exempt is no longer the same. Let us understand the taxability of dividends.
While calculating income from house property, deductions are allowed out of Net Annual Value. Discussing deductions under Section 24 which are allowed while calculating House Property Income.
Discussing the Compliance Calendar for July 2021 in two parts i.e. Important Statutory due dates for the GST Returns and Important due dates for the Income Tax Compliance / PF / ESI Returns.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English