माल की बिक्री पर लगने वाले टीसीएस के सम्बन्ध में 15 सवाल और उनके जवाब माल की बिक्री के सम्बन्ध में लागू हुए टीसीएस के प्रावधानों के बारे में कुछ सवाल और उनके जवाब यहाँ दिए जा रहे हैं जो कि सभी के लिए उपयोगी हो सकते हैं. कृपया एक बार ध्यान से पढ़ें :- […]
As we know that the September 2020 returns are the most crucial returns. Because these are the last returns to rectify the error made in the FY 19-20 returns. September 2020 returns has to be filed before time to make the changes as as the last date for rectifying the mistakes or availing the ITC […]
THE CURATIVE PETITION Evolved from the landmark case of ASHOK HURRA CASE to the appropriate usability of NIRBHAYA CASE. This curative petition has rendered and proved that now judiciary will not leave no stone unturned to give correct and proper and unbiased justice to the petitioner. The word “curative petition” means the petition filed by […]
The issue under consideration is whether the assessee would be entitled for deduction u/s 54F if construction of house is commenced prior to the transfer of the asset?
Vedanta Ltd. Vs ACIT (ITAT Delhi) At the very outside, the Tribunal in the case of National Small Industries Corporation Limited 175 ITD 601 has held that amendments made to section 37 of the Act vide Finance Act [No. 2] 2014 are prospective in nature and hence would not be applicable to the period prior […]
The shift in the dividend distribution tax (DDT) in the hands of shareholders hailed a big relief for corporates and non-resident. This article primarily focuses on, how (DDT) is taxed as per new amendments by the Finance Act, 2020. It also aims to show, the impact of (DDT) in the hands of shareholders i.e. whether […]
Analysis of Section 206C (1H) of Income Tax Act, 1961 1. Finance Act 2020 has introduced sub-section (1H) in 206C of Income Tax Act, 1961. 2. Vide the above sub-section, TCS is required to be collected @0.1% (0.075% upto 31st March 2021) at the time of receipt of sale consideration (in relation to sale of […]
HOW TO ENABLE TCS CALCULATION ON SALE OF GOODS IN TALLY ERP 9 Hello everyone. As you all know TCS on sale of goods is applicable is already applicable from 1st oct, 2020. Out of you so many people have doubt that how to maintain in Tally, and enable auto calculation in Tally. So here […]
WHAT IS EXCHANGE; SECTION 118 OF TRANSFER OF PROPERTY ACT, 1882 defines as “when two persons mutually transfer ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an “Exchange”. From above we understand that for being an “Exchange”; i. There must be two […]
I am getting lot of queries regarding corporate debt restructuring under COVID as per RBI circular dated 06-08-2020. I decided to submit my views on the implementation of these guidelines for the eligible borrowers to address various issues:- A) Objective & Background 1. The economic fallout on account of the Covid-19 pandemic has led to […]
