Compliance calendars, filing guidance, and practical advisory notes — updated as they're published.
Hello, With Regards to new Provision regarding TCS on sale of Goods wef 01.10.2020, we would like to state as under:-Sub-section (1H) has been inserted in Section 206C by Finance Act, 2020 for collection of TCS by the seller on sale of any goods, wef 01.10.2020:-1) A Seller of Goods is liable to collect TCS from Buyer on Sale of any […]
29 Sept 2020The Union Budget this year had offered an individual the choice of paying tax under the new tax structure with lower rates but foregoing deductions or continue paying tax under the existing tax laws and claiming the applicable exemptions. Only Individual or a Hindu undivided family are eligible assessee. All the other forms of entities […]
23 May 2020Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020 & 40/2020 dated 05.05.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has been issued. Legends are used for simplicity of understanding A Taxpayers having aggregate turnover more than Rs. 5 Cr. in preceding […]
18 May 2020Income tax deduction list. Section Description Maximum Limit(in Rs) Commonly used 10(13A) House Rent Allowance As per calculations 10(5) Leave Travel Concession or Assistance (LTC/LTA), extended by an employer to an employee for going anywhere in India along with his family Amount actually paid 10(14) Children Education Allowance Up to Rs. 100 per month per […]
20 Jan 2020Lok Sabha elections 2019 are here, are few points to be considered while voting 1. Check Voter Identity Card Details Online | Voter ID Card Details Follow these steps to check if your name is on the electoral rolls in India. Go to the National Voter Services Portal’s (NVSP) Electoral Search page. Here you can search for […]
24 Apr 20191. Form DPT-3 Due date April 22, 2019 By Companies (Acceptance of Deposits) Amendment Rules, 2019 : “Every Company other than Government Company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in term of clause (c) of sub-rule 1 of rule 2 from the 01st April, […]
07 Apr 2019Introduction Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, […]
07 Apr 2019<<On the letter head of Auditor>> To whom so ever it may concern This is to be certified that Ms. ______________________ a Company incorporate under Companies Act, 2013 and having […]
07 Apr 2019Compliance requirement under Income Tax Act, 1961 Applicable Laws/Acts Due Dates Compliance Particulars Forms/ (Filing mode) Income Tax Act, 1961 02.03.2019 Due date for furnishing of challan-cum- statement in respect of tax deducted under section 194-IA in the month of January, 2019 194-IA Income Tax Act, 1961 02.03.2019 Due date for furnishing of challan-cum- statement […]
01 Mar 2019Meaning Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. Types There are two type of reverse charge scenarios provided in GST law. First category is dependent on the nature […]
09 Feb 2019For me they normally happen, these career crises, often, actually, on a Sunday evening, just as the sun is starting to set, and the gap between my hopes for myself and the reality of my life starts to diverge so painfully that I normally end up weeping into a pillow. I’m mentioning all this because […]
03 Feb 2019Obesity is a growing epidemic in India due to the increasingly sedentary lifestyle of the average citizen. But while dieting plans promise the moon, they often do more harm than good. From tapeworms to cotton balls, people have tried the most ridiculous of fads over the past century. Anorexia and Bulimia are entering the daily lexicon. […]
02 Feb 2019