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
Table of Contents A) Introduction of TDS on Purchase of Goods @ 0.1%B) More Information Now Required in TDS / TCS ReturnsC) Higher TDS/ TCS for Non-Filers of Income Tax ReturnsD) How to Check the Non Filer Status of Seller on Portal A) Introduction
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
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
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
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
Table of Contents New TDS Provisions introduces w.e.f 1st July 2021I. Purpose:II. Who is liable?III. When to deduct TDS under section 194Q?IV. Rate at which TDS is to be deducted?V. Applicability:VI. Higher rate of TDSVII. TDS for Non – filers of returnRead & Download the
Table of Contents Introduction of Slump SaleWhy Slump Sale:Slump Sale under Indirect TaxRecent amendments in Slump Sale ProvisionsRecent amendments in Slump Sale ProvisionsRecent amendments in Slump Sale ProvisionsConclusionRead & Download the full copy in pdf: Introduction of Slump Sale • The clause 42C of
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
Table of Contents General Dental AwarenessStructure of teethOral Hygiene MaintenanceImportance of good oral hygieneBy maintaining good oral hygiene we can preventBasic steps for maintaining oral hygiene:Brushing:Proper brushing methodInterdental Cleaning AidsDental FlossInterdental Brush (Proxy Brush)Read & Download the full copy in pdf: General Dental Awareness
