Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
Income Tax ComplianceNew Regime of Income Tax Search and Seizure Assessments – Glaring Implications
Introduction:- The Hon’ble Union Finance Minister Nirmala Sitharaman had presented the Union Budget 2021 of India on the 1st of February, 2021. In significant changes to the taxation process, among other tax measures, the Hon’ble Finance Minister recommend paradigm changes to the provisions relating to
ROC FilingsMCA Relaxes the Additional Fee on Filing of Certain Forms under Co. Act, 2013/LLP Act, 2008
Introduction: Ministry vides General Circular No. 09/2021 dated 30th June 2021 has extended the timeline for filing of certain Forms under the Companies Act, 2013/ LLP Act, 2008 (other than Form CHG-1, Form CHG-4 & Form CHG-9). This extension is for forms that are due
GST LitigationHaryana AAR Order In the Case of M/s Sachdeva Colleges Limited
Case Covered: M/s Sachdeva Colleges Limited Facts of the Case: M/s Sachdeva college Ltd. is a Limited company incorporated under the Companies Act (hereinafter referred to as the ‘Applicant”) having its Regd. office at 29, South Patel Nagar, New Delhi-110008. (i) The applicant is providing
Finance Minister’s Press Conference 28th June, 2021
Economic Relief From Pandemic 1.1 Lakh Cr Loan Guarantee Scheme for COVID Affected Sectors Health Sector: Rs. 50,000 crore Aimed at upscaling medical infrastructure targeting underserved areas. • Guarantee cover for expansion and new projects related to health/medical infrastructure in cities other than 8
Income Tax ComplianceG7 minimum tax proposal
On 5.6.2021, OECD Secretary-General Mathias Cormann said the consensus among the G7 Finance Ministers, including on a minimum level of global taxation, is a landmark step toward the global consensus necessary to reform the international tax system and it will be a game-changer. It is just
Central & State Subsidies for Textile Industry
Importance of Textile Industry • GDP – The textile sector plays an important role in the national economy owing to its major contribution to the GDP, industrial production, employment generation, and export revenue generation. The textile industry contributes 14% of India’s industrial production and
GST LitigationMadras HC in the case of M/s. ARS Steels & Alloy International Pvt. Ltd
Case covered: M/s. ARS Steels & Alloy International Pvt. Ltd Versus The State Tax Officer Common Order: This batch of Writ Petitions relates to two sets of assessment orders passed in the case of two assessees under the provisions of Goods and Services Tax Act,
Income Tax ComplianceCalculation Of Income Tax And Filing Of ITR On Income Tax Portal
Just a decade ago filing an ITR was considered a herculean task for the normal taxpayer It was some kind of rocket science to be performed by a few professionals. Undoubtedly, with the advent of income tax return filing software and utilities provided by the
Income Tax ComplianceCBDT has extended the time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic
Circular No 12 of 2021 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 25 June 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic·
Income Tax Compliance304th Issue of Tax Connect
Tax Calendar Due date Form/Return/Challan Reporting Period Description 30th June 2021 Form 26QB May 2021 Challan-cum-statement in respect of tax deducted under section 194-IA. 30th June 2021 Form 26QC May 2021 Challan-cum-statement in respect of tax deducted under section 194-IB. 30th June 2021 Form
ROC FilingsMCA issued clarification on extended timeline for allowing companies to hold their EGM through Video Conferencing upto December 31, 2021.
MCA vide its General Circular No. 10/2021 dated 23.06.2021 has extended the timeline for allowing companies to conduct their EGMs Through Video Conferencing (VC) or Other Audio Visual Means(OAVM) up to 31st December, 2021. General Circular No. 10/ 2021 Government of India Ministry of Corporate
Income Tax Compliance194 Q Vs. 206(C) (1H): – The Real Story & Course of Action
1st July 2021 is going to be a big day as far as TDS and TCS under the Income Tax Law are Concerned. A new Section 194Q – The TDS on Purchases of Goods will be there and further another new section 206AB and