India has a multi layered dispute resolution mechanism. Over the years, tax appeals pending for disposal are ever...
Supplementary clarifications on TDS/TCS on goods/e-commerce transactions
29 Nov 2021Tax
Tax withholding/collection has always been an area of contention between the taxpayers and the tax deductors/collectors.
AY 2021-22: Revised Extended Tax Return Filing Timelines
11 Sep 2021Tax
Pursuant to the launch of E-Filing Portal 2.0, technical glitches have been faced by the taxpayers.
Persons notified for signing Income Tax Returns and to act as Authorized Representative
25 Aug 2021Tax
With the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC), insolvency professionals viz: resolution professional, an interim resolution professional...
Purchase of Goods: Withholding Tax vs Collection of Tax
06 Jul 2021Tax
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.
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