Income Tax on Salary-Old Vs New Regime

Income Tax on Salary-Old Vs New Regime: Opt Better for FY 2020-21

As the New Financial Year i.e. FY 2020-21 is going to begin, every salaried Individual is worried about the Tax Planning...
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...
ICAI issues Addendum to the Guidance Note on Bank Audit, 2020

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...
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...
Works Contract under GST in India

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...
Customs hearings to be conduct in virtual mode

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...

No Interest on delayed GST payments made through ITC: Madras High Court

The Hon’ble Madras HC in its recent decision in the case of Refex Industries Limited v. The Assistant Commissioner of CGST & Central Excise  has...
Form 15CA & Form 15CB for Payments to NRIs

Form 15CA & Form 15CB for Payments to NRIs

While making payments to NRI’s outside India, One such compliance is to submit "Form 15CA & Form 15CB for Payments to NRIs" , when...
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 payment due date for FY 2020-21 and AY 2021-22

TDS payment due date for FY 2020-21 and AY 2021-22

This article covers TDS payment due date for FY 2020-21 and AY 2021-22, Due dates for TDS quarterly Returns, Interest on late payment and...
Non-MSMEs to get cheap, Govt guaranteed loans too

Non-MSMEs to get cheap, Govt guaranteed loans too. Get details

Many businesses like hotels, restaurants and service providers - other than micro, small and medium enterprises (MSMEs) - will be eligible to receive funding...
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...

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

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...