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Archive: 13 April 2021

Posts in 13 April 2021

Benefits for Retired Employees under Income Tax Act 1961

April 13, 2021 60660 Views 26 comments Print

Discover the tax benefits available for retired employees under the Income Tax Act 1961. Learn about exemptions for gratuity, commuted pension, and more.

TDS implication on cash withdrawals – Section 194N

April 13, 2021 33234 Views 4 comments Print

Q.1 The amended section 194N of Income tax Act, 1961 provides for TDS obligation on cash withdrawals. Which institutions are covered under scheme of this section which has to deduct TDS on certain cash withdrawals? The following persons have to deduct TDS on certain cash withdrawals made by a person holding one or more accounts […]

Section 12AB Registration Procedure for First Time Registration of Trusts

April 13, 2021 77544 Views 6 comments Print

Registration Procedure For Trusts/Institutions Seeking Registration U/S 12Ab For The First Time Newly inserted provisions namely section 12AB and clause (ac) in subsection 1 of section 12A in The Income-tax Act, 1961 (Act) have changed the procedure for trusts/ institutions to get themselves registered under the Act. For trusts/institutions which intend to get themselves registered […]

GST registration Requirement from perspective of different taxpayers

April 13, 2021 2178 Views 1 comment Print

In this article there is an effort to touch upon basic but very important topic of Requirement of ‘GST registration’ from the perspective of different ‘Person’. Particulars Voluntary  GST Registration Compulsory  Registration Threshold limit for Compulsory Registration Remarks • Individual 1. Physical Natural Person who can perform legal action for himself Yes If cross threshold /  comes […]

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April 2021