Blog Posts
SECTION 206AB & 206CCA TDS ON NON-FILERS OF ITR AT HIGHER RATES APPLICABLE FROM 01/07/2021
APPLICABILITY It is proposed to insert a new section 206AB in the Act as a special provision providing for higher rate for TDS for the non-filers of i...…
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CSR- Recent Amendment vide Companies (Amendment) Act, 2019
CSR (Corporate Social Responsibility) is understood to be the way firms integrate social, environmental and economic concerns into their values, cultu...…
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Derivatives- Income Tax Provisions
According to Securities Contract Act 1956, the derivative is a contract between two or more parties, and its price is directly related to the fluctuat...…
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GST Updates new return
CBIC has been issued Press Release for implementing new return system from 01.07.2019 on trial basis. Simultaneously taxpayers would continue to file...…
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Overview of Double Tax Avoidance Agreements (‘DTAA’)
Overview of Double Tax Avoidance Agreements (‘DTAA’) by WIRC https://www.wirc-icai.org/material/Overview-DTAA-provisions-final.pdf
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DPT-3 Filing Practical FAQs
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 de...…
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FAQ on MSME FORM I
The Ministry of Corporate Affair (MCA) vide notification dated January 22, 2019had directed all the Companies, who have received any supply of goods o...…
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Penalties and Prosecutions
Penalties and Prosecutions Default in complying with provisions of or with conditions prescribed under the Income-tax Act would attract certain penalt...…
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Changes in Income Tax/GST Provisions Applicable From 1st April, 2019
With the starting of new Financial Year 2019-20 some changes have been made in the provisions of Income Tax Laws which were proposed in the Interim Bu...…
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ITR Forms for A.Y. 2019-20 Applicability
CBDT has vide Notification No. 32/2019-Income Tax Dated 01/04/2019 released Form Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5...…
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