With the COVID-19 outbreak and the nation-wide lockdown, the last few weeks have proven to be a challenging time for businesses who depend on day-to-day cash transactions. Restricted cash flows have made it difficult for them to make timely payments to their employees and suppliers/vendors.
The facility for instant allotment of PAN Card through Aadhaar based e-KYC is now available on the Income Tax website.
Every company other than Government company shall file an onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to 31st March, 2019, as specified in Form DPT-3 within "ninety days from 31st March, 2019
The instant allotment of PAN through Aadhaar based e-KYC has been launched by the FM. This facility provides PAN in near to real-time basis.
Earlier Work from Home (WFH was seen as facility offered for Work-life Balance, now it is Business Continuity Plan (BCP). Here are a few points or ideas to make effective use of WFH
Various rulings and judgments have been announced under GST. Here is a brief overview of the same.
Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. It is aimed at taxing business to business transactions.
I propose a suggestion to have a Corona Relief Fund and appeal for donation even Rs 1000. I also propose a new kind of tax credit for the next 6 years on this donation.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English