No filing or Late filing of TDS returns or TDS statement shall invite 2 penal consequence 1.Fee for late filing U/s 234E and 2. Penalty for late filing or Non filing of TDS statement U/s 271H.
Gain arising on transfer of capital asset is charged to tax under the head Capital Gains. Income from capital gains is classified as Short Term Capital Gains and Long Term Capital Gains. In this part you can gain knowledge about the provisions relating to tax on Short Term Capital Gains.
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, section 44ADA and section 44AE. In this part you can gain knowledge about various provisions of the presumptive taxation scheme of section 44AD, section 44ADA and section 44AE.
Notice calling for suggestions, views, comments, feedback etc. from stakeholders on the following drafts for implementation of a simplified regulatory framework to facilitate export of Jewellery through e-commerce in Courier Mode – a) Draft Circular on Standard operating procedure to facilitate e-commerce jewellery exports in Courier Mode (page 2-7) b) Draft Notification for Amendment to […]
In this part you can gain knowledge about various provisions of Income-tax Law and Foreign Exchange Management Act, 1999 (FEMA) which are useful to a non-resident. The first part deals with provisions of Income-tax Law and the second part deals with the provisions of FEMA.
Educate yourself on EPR (Extended Producer Responsibility) registration and compliance for plastic waste management under the Plastic Waste Management Rules, 2016. Learn about the obligations of Producers, Importers, and Brand Owners, and the process to register and obtain the EPR certificate. Stay compliant with environmental regulations.
Understand the allowability of donations as an expenditure under Income Tax regulations. Learn about the criteria, commercial expediency, and the connection between donations and business activities. Ensure compliance for eligible deductions.
Learn about filing an updated return (ITR-U) under Income Tax regulations. Discover eligibility, time limits, form type (ITR-U), tax liabilities, and penalties. Ensure compliance and avoid penalties with updated returns.
Whether after approval of the Resolution Plan by Committee of Creditors (CoC), the claim of the creditors stood extinguished?
Post GST registration, ensure compliance for unorganised businesses. Display GST number, maintain proper invoices, monitor supplier uploads, identify HSN codes, file returns on time, and stay informed about regulatory updates. Don’t let non-compliance be a ticking time bomb.
