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Income Tax ComplianceStep by Step Process to Follow the Compliances for Section 206AB & 206AA
Finance Act 2021, Section 206AB, and 206CCA are inserted in the Income-tax Act,1961 (effective from 1st July 2021). The government inserted these sections to trigger ITR filling among the defaulters. Section 206AB is applicable on transactions with persons who have not filed ITR immediately preceding
Join our GST Training Course in English starting from 10th July, 2021 by CA Shafaly Girdharwal
About GST Training Course in English What is more important for a successful business? Technical knowledge or Sales or marketing? All of these are important but the most important thing is handling Taxation and legal compliances. GST is the largest part of corporate taxation poses
Income Tax Compliance3 Big Changes in TDS / TCS Provisions w.e.f 1st July, 2021
A) Introduction of TDS on Purchase of Goods @ 0.1% a. A new Section 194Q is introduced in Finance Bill 2021 requiring a person to deduct tax at source an amount equal to 0.10 percent for paying any sum to any resident (hereafter in
GST ComplianceGuidance Notes on “When, Where & How to rectify Common mistakes in furnishing the data through Form GSTR-1 & Form GSTR-3B “under GST Act,2017.
Dear Professional Colleagues, Good Day to you. Today I am providing my guidance Notes on rectifications of mistakes in furnishing the data through Form GSTR-1 & Form GSTR-3B under GST Act, 2017. I have received queries from some of the professional colleagues on how to
Income Tax ComplianceCBDT issues Circular regarding use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961
CBDT issued a circular regarding the use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961. Two new sections are introduced, Section 206AB (Tax Deduction) and 206CCA (Tax Collection). By the introduction of this new functionality, the compliance of the Tax Deduction
GST ComplianceWidening the powers of the Provisional Attachment – A brief analysis of the budgetary amendment
In the previous article (see, “Tax Wire” Issue: 08 dated June 12, 2021), we briefly discussed the provisions of S. 83 of the CGST Act, 2017 („the Act‟) empowering the Commissioner to resort to the provisional attachment in the specified circumstances and the protective shield
Income Tax ComplianceSlump Sale Under Income Tax Act Along with Recent Amendments
Introduction of Slump Sale • The clause 42C of section 2 of the Income Tax Act was introduced via Finance Act 1999, Prior to the insertion Courts have held that slump sale is a sale of a business on a going concern basis where
CA Pulkit Batra
Income Tax ComplianceFAQ’s on section 206AB and 206CCA on TDS
Section 206AB and 206CCA are inserted in the income tax Act. These sections belong to TDS. Some more taxpayers will fall under the TDS provisions. It is introduced to increase tax compliance. Many taxpayers skip filing their ITR’s. This provision will prompt them to
CA Shafaly GirdharwalLate fees and interest for late filing of GST returns
GST returns are a mechanism of self-assessment. Government desire that taxpayer should file it on time. Many events are connected with the late filing of GST returns. Here we have incorporated all the important events related to GST returns. It may be late fees or
Income Tax ComplianceNew TDS Provisions
New TDS Provisions introduces w.e.f 1st July 2021 New Section 194Q – Deduction of tax at source on payment of a certain sum for the purchase of goods, was proposed to be inserted in Budget 2021. The same has been notified to be inserted w.e.f
Import / ExportProduction Linked Incentive Scheme For Pharmaceuticals (Ver. 2.0)
Version 1.0 is Extended! ▪ The Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/Drug Intermediates (DIs) and Active Pharmaceutical Ingredients (APIs) in India. ▪ Production Linked Incentives of up to INR 6,940 crores have been approved. ▪
Oral Hygiene & Dental Care
General Dental Awareness Structure of teeth Enamel (topmost layer) -The hard material on the outer surface of the tooth. Dentin (middle layer) -Below the enamel – the bonelike material that surrounds the sensitive inner parts of the tooth. Pulp (innermost layer) -Tissue that contains