we recommend that the existing portal which was running smoothly, be continued during the parallel implementation of new Portal for one full Tax filing season, to ensure timely compliances of all background processes of Income Tax including tax collection.
KSCAA have worked closely with multiple stakeholders to understand the issues at hand with respect to New Income Tax E-Filing Portal and made efforts to consolidate the same and enumerating 36 issues and also made few suggestions with respect to new e-filing portal. Please read Full text of the representation to Smt. Nirmala Sitaraman Hon’ble […]
आयकर कानून, 1961 के अध्याय XVII बी. (यानि धारा 192 से 206 बी.) के अधीन वेतन, ब्याज, ठेका और कमीशन इत्यादि विभिन्न प्रकार के भुगतानों पर टी०डी०एस० काटने के प्रावधान हैं। इस अध्याय में वित्त अधिनियम, 2021 (बजट) के द्वारा बढ़ाई गई नई धारा 194 क्यू. के अनुसार 1 जुलाई, 2021 से कुछ करदाताओं को […]
Below article explains the concept of E-way bill and various provision related to E Way bill 1. Why E way bill is required? 2. What is an E Way Bill? 3. When should E-Way bill be generated? 4. What If supply is Intrastate? 5. Who has to generate E-Way Bill? 6. Does E-Way Bill to […]
ALL ABOUT CRYPTO-CURRENCIES AND THEIR TAXATION THEREON: In this article we will discuss in detail about Crypto- Currencies and their taxation. 1) What are crypto- currencies? A Crypto- Currency is basically a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a […]
NEED OF PRODUCER COMPANY IN INDIA: About more than 85% Farmers in India are mostly small and marginal with landholdings of less than 2 hectares. Indian farmers to adopt the latest technologies it is not viable as This fragmentation in farmers and farmlands leads to disorganization. Economies of scale can be unlocked and the livelihood […]
Post approval of Union Budget 2021 buyer will be responsible to deduct TDS on purchase of goods @0.1% only with effect from 1st July 2021 if its turnover in Previous Financial year exceeds Rs 10 Cr, on purchase above 50 lakh and seller will be responsible to collect TCS under Section 206C(1H) only in case […]
Acquisition of trademark differs from how other Intellectual property, such as copyright or patents may be legally protected. A trademark cannot be taken in its whole since its nature prevents it. A trademark is something that can only exist in relation to other economic activities.
Central Goods and Service Tax Delhi East Vs Sh. Naval Kumar & Ors. (Delhi High Court) Allegation 1. M/s Milkfood Limited is at the center of this network and has availed huge ITC from firms that have been proved to be fictitious and non-existent during the investigation carried out by the petitioner. 2. It is […]
Background Cryptocurrency is the Intriguing buzz word these days. Earlier they were dismissed as a ‘tech-bubble’ by various ‘experts’ but the opinion of global leaders is altogether different. “Bitcoin could be a technological tour de force.” –Bill Gates “We have elected to put our money and faith in a mathematical framework that is free of […]
