As per the proviso to 44AD(1), income can be declared as 6% of the turnover if the payment is received digitally or through the banking channel before the due date of return filing u/s 139(1).
A Memorandum of Understanding (MOU) is simply a written agreement to identify the working relationships and guidelines between collaborating entities. An MOU spells out the common understandings.
Equalisation Levy: Applicability, Features and Penalty
In this article, Krishna and Arjuna discuss some of the compliances to be fulfilled by taxpayers by filing Tax Returns before 31st December 2020, in order to avoid late fees.
The new Form 26AS will have all the information on taxes paid by you, details of pending & completed income tax proceedings, status of income tax refund and demand along with details of specified financial transactions like purchase of shares or property.
A brief Summary of the Sections restricting cash payment under the Income Tax Act, 1961.
ICAI CA Inter Nov 2020 question papers, Mock test papers, Revision test papers, Practice Question Papers. Download All Previous year Papers with Answer keys.
An Income Tax Return is a prescribed form in which an assessee declares the income earned and tax paid on such income during a given financial year.
SEBI vide Circular No. dated 2nd Dec 2020 came up with operational guidelines for crediting the transferred shares into the respective demat account of the investor, with inputs from stakeholders.
In this article, we discuss some of the key takeaways from the new FAQs issued by the Central Board of Direct Tax on 4th December 2020 on Vivad se Vishwas Scheme, 2020.
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