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Taxability of dividend after Dividend distribution tax (DDT) has been scrapped by Finance Bill, 2020
Dividend income was made exempt by virtue of section 10 (33) inserted by Finance Bill, 1997 which was later on...
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TDS Rate Chart for FY 2020-21
With Budget 2020, major amendments made with regard to TDS are as under: 1. Amendment has been made in section...
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CBDT modifies ITR to let people take benefit of extended time limit due to Covid-19
As we all know CBDT had extended date for filing revised return u/s 139(5) for A.Y. 2019-20 along with extension...
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WIRC makes representation for including CA services under essential services amid COVID-19
Amid this situation government is giving permission to only essential services and goods to operate i.e. hospitals, news channels, grocery...
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Income tax refunds released by CBDT amid Covid-19
As discussed in our earlier post relating to CBDT releasing refund for amount upto Rs. 5 lakh and how you...
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Revision of rules for Foreign Direct Investment by neighboring countries amid Covid – 19 pandemic
During this pandemic, the government has reviewed and revised FDI policy to curb takeovers/ acquisition of Indian companies. The change...
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Clarification on short deduction of TDS due to increase in surcharge by Finance (No. 2) Act, 2019
Recently CBDT vide circular 8/2020 had issued a clarification saying that an assessee won't be considered as assessee in default...
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Education cess is tax deductible and cannot be disallowed u/s 40(a)(ii) of the Income Tax Act – Bombay HC
The Bombay High Court in Sesa Goa Limited (ITA no. 17 and 18 of 2013) has held that education cess...
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NEW DELHI TELEVISION LTD (NDTV) v. DEPUTY COMMISSIONER OF INCOME TAX – LANDMARK SUPREME COURT JUDGEMENT U/S 148
Above case is a Landmark Judgement passed by Hon'ble Supreme court in the case of NEW DELHI TELEVISION LTD (NDTV)...
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EPFO and ESIC due date extended till 15.05.2020
Due date for the payment of ESIC for the month of February was 15.04.2020. However due to ongoing pandemic and...
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TDS return and any other compliance due date extended to 30.06.2020
In our earlier post, based on the press release by Ministry of Finance relating to Taxation and other Laws (Relaxation of...
Read moreRe-confirm the refund claim – Do this to get your income tax refund
After the announcement was made on 08.04.2020 relating to release of refund in Income Tax upto Rs. 5 lakh many...
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Composition scheme under GST for service providers
At the time introduction of GST act, composition scheme was introduced was only for traders and manufactures and they could...
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Use of digital signature for signing Audit report and certificates
ICAI has clarified vide announcement Dt. 13.04.2020 that a CA can sign audit report and other certificates using digital signature...
Read moreThings employer should keep in mind while deducting TDS from salary for FY 2020-21 – Section 115BAC
The new Financial year has started and along with it many people are now doing work from home because of...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
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- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
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- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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