TDS Certificates for Nil/Low TDS rates are valid till 30.06.2020
Recently, CBDT has clarified that there is Nil or Lower Rate TDS/TCS certificate issued for a particular period in...
Works Contract under GST in India
There are lots of Queries regarding the transactions which are covered under Works Contract & which are not. In this Article we look on...
Revised (2020) Minimum Recommended Fees for Assignments done by the CA [Download Pdf]
ICAI has issued revised (2020) minimum recommended scale of fees for the professional assignments done by the Chartered Accountants for Class ‘A’, Class ‘B’...
What is force majeure? The legal term everyone should know during Covid-19 crisis
By Poorvi Sanjanwala and Kashmira Bakliwal
Apart from the devastating impact that COVID-19 continues to unleash on human beings and countries worldwide, its outreach has...
Prospects for Economic Recovery Due to COVID-19 Outbreak
Covid-19 has already generated a sharp fall in global GDP and a rapid rise in unemployment, but what kind of recovery can we expect...
TDS on Foreign Remittance- Detailed Analysis
Objective of section 195:
AAR in case of XYZ, In RE: P.No.18 of 1995(1999) 238 ITR 575:
“ The objective is to ensure, as best as...
Companies Fresh Start Scheme, 2020 (CFSS-2020)-Brief Analysis
COMPANIES FRESH START SCHEME, 2020 (CFSS-2020): A GREAT OPPORTUNITY FOR NON-COMPLIANT COMPANIES
Need for Introduction of Companies Fresh Start Scheme, 2020 (CFSS-2020)
Companies Act,2013 requires all...
Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief...
Eligible MSMEs to get offer of pre-approved loan from their lending institutions for a pre-approved loan under the Rs 3 lakh crore scheme announced...
GST Composition Scheme- Analysis (Updated FY 2020-21)
Since there have been many amendments in GST Composition Scheme from time to time, I am analyzing all affected provision of GST composition scheme...
ICAI issues Addendum to the Guidance Note on Bank Audit, 2020
Auditing and Assurance Standards Board of ICAI has issued an Addendum to the Guidance Note on Bank Audit, 2020 Edition to provide guidance to...
EDITOR PICKS
All Income Tax Return Due Date Extended for FY 2019-20
As a part of Covid-19 relief package, Finance Minister Nirmala Sitharaman on 13th May, 2020 announced that the income tax return...
Income Tax slab for AY 2020-21/ FY 2019-20
In this article we have analysed Income Tax slab for AY 2020-21/ FY 2019-20 in details:
Table Of...
Impact of COVID-2019 on “10% ITC rule for availment of ITC”
As per CBIC sub-rule (4) in Rule 36 of the CGST Rules, 2017 w.e.f. 09.10.2019, a registered person can avail ITC in...
Customs hearings to be conduct in virtual mode- Guidelines Issued
The Central Board of Indirect Taxes & Customs , on account of recent outbreak of COVID-19 (Coronavirus) vide Instruction No. F. No. 390/Misc/3/2019-JC,dated 27th April, 2020 has...
How to Open PPF Account: Complete Guide (2020)
The PPF is an instrument in India which is very popular for investment and tax savings. This scheme provides a reasonable...
