Finance Act 2020 introduced provisions for the collection of taxes at source by the seller for sale of goods, effective from 1 October 2020...
Clarification regarding utility on Section 206AB and 206CCA of the Income-tax Act
22 Jun 2021Tax
The Finance Act 2021 has made certain amendments in the Income-tax Act, 1961, with provisions related to Tax Deduction at Source (TDS) and Tax Collection…
CBDT amends quarterly TDS/TCS statements and expands the ambit of reporting base
14 Jun 2021Tax
The government has undertaken various steps towards ease of compliance and is trying to expand the taxpayer’s base...
Extension in Due Date for various compliances under the Income-tax Act
24 May 2021Tax
In the wake of the pandemic that has engulfed the entire country, the Finance Minister has time and again extended various due dates for compliance...
18 May 2021Tax
Financial reporting is the language in which a business communicates with its stakeholders and Generally Accepted Accounting Principles (GAAP) is the grammar of this language.
16 Mar 2021Tax
Budget 2020 abolished Dividend Distribution Tax (DDT) and dividend taxation was shifted on shareholders. Resident Shareholders were liable to pay tax on dividend as per…
07 Sep 2020Tax
Keeping with Digital India drive, revenue authorities have been on the forefront to enable digital interface between the taxpayers and the officials.
25 May 2020Tax
A foreign company can do business in India either through opening a liaison office (“LO") or a branch office or a limited liability partnership firm.
22 May 2020Tax
The clutches of withholding tax provisions have not pardoned anyone when it comes to discharging obligation under the Income-tax Act and the game of cricket…