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
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
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
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
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
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
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
