In Finance Act 2021, various amendments have been enacted in TDS provisions. The most significant amendment is made by inserting a new Section which mandate to deduct TDS on purchase of goods. It will be a huge compliance for deductor to comply with above section. TDS on purchase of goods will be burdensome and cumbersome. …
Section 206C of the Income Tax Act provides for the collection of tax at source on some specified goods like alcohol, alcoholic liquor, forest produce, scrap, motor vehicle etc. In order to widen and deepen the tax net in Finance Act, 2020 a new sub section (1H) was inserted in section 206C Income tax Act. …
Certain changed have been enacted in Income Tax and Goods and Service Tax. Also certain clarification has been made by Revenue authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For Nov 2020 Tax Update, click here.
Certain changed have been enacted in Income Tax and Goods and Service Tax . Also certain clarification has been made by Revenue authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For updates summary, click here.
Certain changed have been enacted in Income Tax and Goods and Service Tax . Also certain clarification has been made by Revenue authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For details about recent Tax Updates in Sep 2020, click here.
A revision in Micro Small and Medium Enterprises (MSME) definition was announced in the Atmnirbhar Bharat package on 13th May 2020. After the package was reported, several representations for upward revision of the MSME definition were made. Considering this, the Ministry of Micro, Small, and Medium Enterprises, vide its gazette notification dated 1st June 2020, has announced the …
Certain changed have been enacted in Income Tax and Goods and Service Tax . Also certain clarification has been made by Revenue authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For more detail of July 2020 updates, click here.
In view of Covid 19 Pandemic Government has extended various due dates of compliances and filing in Income Tax. For more details click here…….
In view of Covid 19 Pandemic Government has extended various due dates of GST compliances and filing. For more detail click here…….
Certain changed have been enacted in Income Tax Act. Also certain clarification has been made by Income Tax authorities. we have try to summarize those amendments and clarifications for your easy reference and understanding. For detailed Income Tax updates – Jun 2020 click here.