Extension of Various Tax Due dates-A Major Relief amid COVID-19

Extension of Various Tax Due dates-A Major Relief amid COVID-19

The Union Finance &Corporate Affairs Minister Smt. Niramla Sitharaman has announced several important relief measures relating to Statutory and Regulatory compliance which includes Extension...
TDS Certificates for nil/low TDS rates are valid till 30.06.2020

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...
TDS on Foreign Remittance

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...
benefits of MSME registration

Benefits of MSME Registration: Eligibility & Detailed Guide

MSME (Micro, Small and Medium Enterprises) are the business entities that drive our economy at grassroots level and contribute to its...
PFRDA allows Aadhaar-based offline, paperless KYC process to open NPS account

PFRDA allows Aadhaar-based offline, paperless KYC process to open NPS account

Pension Fund Regulatory and Development Authority (PFRDA), on May 27, issued a press release stating that it has allowed Aadhaar-based offline paperless KYC process...
How to Opt for GST Composition Scheme: FAQ [2020]

How to Opt for GST Composition Scheme: FAQ [2020]

GST Composition scheme is an easy and simple taxation method for small taxpayers to simplifying compliances and reducing their compliance costs....
Income Tax slab for AY 2020-21

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...
collective leasing of property

No exemption for ‘resident dwelling’ to collective leasing of property for student accommodation: AAR

AAR of Karnataka gave an important ruling dated March 23, 2020 regarding the taxability of services provided by the applicant in a case of...
Investment Options For Senior Citizens: Top 5 money-making investment tools for risk-free investors

Investment Options For Senior Citizens: Top 5 money-making investment tools for risk-free investors

Investment Options For Senior Citizens: A retired person can't work to earn more money, but with his wit and grit, the amount that he...
Refund under gst

ALL ABOUT REFUND UNDER GST

Refund is very important provisions under GST laws and It is granted to eligible taxpayers on meeting out certain conditions. So this article  "All...

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...
NAA held No Profiteering if base price remains same pre & post rate reduction

NAA held No Profiteering if base price remains same pre & post rate reduction

Anti-Profiteering has issued Order No. 19/2019 dated March 13, 2019 in case of Kerala State Level Screening Committee on Anti-Profiteering (Applicant) Vs. M/s. Somany...
gst composition scheme

Date Extended For Opting for Composition Scheme for FY 2020-21- [Read Notification]

Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme for FY 2020-21 by normal taxpayers....
Are you really saving your taxes? Know your Tax slabs & review your investment plans!

Are you really saving your taxes? Know your Tax slabs & review your investment...

  It’s that time of the year again, when our investments come again to the forefront. The investment receipts are all out, our inbox is...
Non-Deduction of TDS on Payment made to a Transporter u/s 194C(6)

Non-Deduction of TDS on Payment made to a Transporter u/s 194C(6)

The Finance Bill 2015 of Budget 2015-16 has amended section 194C(6) related to deduction of tax at source on payments made to a transporter....