Tax Collected at source (TCS) is a concept in Income Tax Act which is similar to the Tax Deducted at source (TDS). Provisions which create liability for collection of TCS are given under Section 206C of Income Tax Act. Under […]
As we all know that COVID 19 is an unprecedented crisis and challenge which is currently being faced by the whole World. Amidst the spread of the pandemic and the imposition of lockdowns, there are various challenges before all the […]
In view of the constraints due to the Covid-19 Pandemic & to further ease compliances for taxpayers, CBDT extends the Due Date for filing Income Tax Return for Financial Year 2018-19 (AY 2019-20) from 31st July, 2020 to 30th September, […]
Udyam Registration: A new process of classification and registration of MSME Enterprises has started with effect from 1st July, 2020 under the name of ‘Udyam Registration’. The Union Ministry of Micro, Small and Medium Enterprises (MSME) had made the announcement […]
Table of Contents Relief under Income Tax Relief Goods and Service Tax (GST)/Indirect Taxes Relief under Customs Relief under Financial Services Relief under Corporate Affairs Relief under Department of Fisheries Entire world is fighting against epidemic COVID-19 outbreak and Hon’ble […]
Table of Contents Interest on net cash Liability Extended time limit for Revocation of cancellation Relaxation for Annual Return (GSTR-9) and Reconciliation statement (GSTR-9C) for FY 2018-19 Deferment of e-invoicing and QR Code Know your supplier Changes with respect to […]
Table of Contents What is a Certificate of Nil/Lower Rate of TDS? Due date to apply for Certificate of Lower deduction of TDS Income Covered Under Section 197 Benefits for Certificate of Lower rate of deduction TDS End Note According […]
Table of Contents Form ITR-1 Sahaj Form ITR-4 Sugam Changes Made on ITR- 1 Sahaj Changes Made on ITR-4 Sugam Who Can’t File Returns through ITR-1 or ITR- 4? Conclusion The Central Board of Direct Taxes has brought some significant […]
Table of Contents ITC mechanism under GST Amendment by the CBIC Impact of the Notification Objective of the amendment Our Comments 1. ITC mechanism under GST Input Tax Credit (ITC) Mechanism under the Goods and Services Tax (GST) law is […]
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