Compliance Calendar under SEBI for Relaxations due to COVID-19

Compliance Calendar under SEBI for Relaxations due to COVID-19

National Stock Exchange of India Limited has issued a letter dated  April 17, 2020 regarding the due date of relaxations in relation to compliance...
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...
TDS Rate on Fees for Technical Services reduced to 2% u/s 194J

TDS Rate on Fees for Technical Services reduced to 2% u/s 194J

As per Union Budget 2020, the TDS Rate on Fees for Technical Services reduced to 2% u/s 194J Income Tax Act, 1961 .Before this...
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): Transporter Declaration Format...

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....
GST Composition Scheme- Detailed Analysis (Updated 2020-21)

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...
Economic Recovery Due to COVID-19 Outbreak

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...
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...
Extension of time for Submission of Form 15G/Form 15H for FY 2020-21

Extension of time for Submission of Form 15G/Form 15H for FY 2020-21

The Central Board of Direct Taxes (CBDT) has allowed Extension of time for Submission of Form 15G/Form 15H for FY 2020-21 to avoid TDS...
CBDT Re-issues Clarifications With FAQ on Vivad Se Vishwas Scheme

CBDT Re-issues Clarifications With FAQs on Vivad Se Vishwas Scheme

CBDT Re-issues Clarifications With FAQs on Vivad Se Vishwas Scheme which is modification of circular no 7 of 2020 dated 4th March 2020. During the...
Latest TDS Rate Chart for FY 2020-21 & AY 2021-22

Download TDS Rate Chart for FY 2020-21 & AY 2021-22

This article covers- Latest TDS Rate Chart for FY 2020-21 & AY 2021-22, New Turnover limit for the purpose of TDS applicability as per...
DGFT has removed restriction on the export of formulations made from Paracetamol(including FDCs)

Cabinet approves scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

Cabinet approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to boost exports Scheme for enhancing Exports to International Markets ...
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...
How To Determine Residential Status in India

How To Determine Residential Status in India

Like most other countries taxability of an individual in India depends upon his residential status in India. Determination of Residential status in India is very...

FAQs on Corporate Social Responsibility (CSR) Related to Covid-19

MCA vide General Circular No. 15/2020 dated 10th April 2020 has issued FAQs on Corporate Social Responsibility (CSR) Related to Covid-19. Major Update: ‘Chief Minister’s Relief...
ANNUAL COMPLIANCE REQUIREMENT BY FOREIGN COMPANY

ANNUAL COMPLIANCE REQUIREMENT BY FOREIGN COMPANY

ANNUAL COMPLIANCE REQUIREMENT BY FOREIGN COMPANY There are various compliances needs to be done by a Foreign Company, however before going into details one needs...