Follow Us :

Archive: 08 February 2020

Posts in 08 February 2020

TDS Rate Chart for FY 2019-20 and FY 2020-21

February 8, 2020 115476 Views 9 comments Print

TDS Rate Chart for Financial Year 2019-20 / Financial Year 2020-21 or Say TDS Rate Chart for Assessment Year 2020-21 / Assessment Year 2021-22. Article explains Nature of Payment on which TDS is dedutible, Rate of TDS Deductible, Threshold limit for TDS Deduction, TDS Rate if deductee is Individual, TDS Rate if deductee is Other […]

Tax Evaders be Cautious – 26AS now becomes AIS

February 8, 2020 13071 Views 2 comments Print

To achieve the dream of  $5 Trillion Economy by 2024 , Finance Minister present its 1st budget of this Decade with substantial changes in Direct Taxes, policy for leveraging of technology, Infrastructure development projects. One of such changes is ,omission of existing and  introduction, of below specified section`s under Income Tax Act:- 1. This Union […]

Is a person supplying only Exempt Goods liable to pay GST under Reverse Charge?

February 8, 2020 14697 Views 7 comments Print

In order to get clarity regarding this concept we need to go through registration provisions under CGST Act. Section 22 of the CSGT Act (PERSON LIABLE FOR REGISTRATION) – It provides that every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where […]

Databank of Independent Directors

February 8, 2020 7335 Views 3 comments Print

Independent Directors serve as an important Institution of corporate governance contributing significantly at the boards by bringing a diverse set of skills with an independent judgement on the significant issues. Independent Directors need to act as the custodians of good governance by discharging monitoring and advisory role effectively.

Takeover Rules – Unlisted Company – Companies Act 2013

February 8, 2020 14319 Views 0 comment Print

AMENDMENT – NEW RULES – The Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020 The Central Government hereby makes the following rules, further to amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, namely:- In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, (hereinafter referred to as the principal rules), in rule 3, after sub-rule […]

MCA proposes amendments to enhance Audit Independence & Accountability

February 8, 2020 5526 Views 0 comment Print

The concept of Auditor independence requires the auditor to carry out his or her work freely, with integrity and in an objective manner. Though auditor is appointed by the shareholders, effective power of their appointment and dismissal lies with the management.

Taxation of dividends – Change of hands!

February 8, 2020 4449 Views 0 comment Print

The Union Budget 2020 (‘Budget 2020’) was presented by the Honorable Finance Minister on 1 February 2020. All had set their eyes to witness what this Budget would unveil for reviving Indian economy. At the introduction of the speech, the Honorable FM mentioned that the existing Government wishes to open up vistas for a vibrant […]

Section 271E Penalty for contravening provisions of section 269T

February 8, 2020 26100 Views 0 comment Print

The person who breaches the provisions of section 269T of the Income Tax Act is liable to pay the penalty under section 271E of the Income Tax Act. The basic understanding of section 269T states that the person cannot repay any loans / deposits / specified advances in cash if the amount of payment is […]

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031