Ministry of Finance Government grants further extension in timelines of compliances Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19 Posted On: 25 JUN 2021 6:24PM by PIB Delhi A. Tax exemption Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses […]
Graduating, getting a job, starting to manage your own finances, and securing your future are all the stepping stones one sets out to achieve in their 20s. By the time you’re 30, you have likely achieved some financial stability. But, the ‘what if’ factor never leaves the mind, does it?
Luxury cars are a status symbol and are valuable assets. Here are a few factors to keep in mind while choosing your car’s protection plan.
Studying finances is challenging, as you have to work on volumes of data and keep many details in your head. Students who strive to become proficient financial specialists and obtain a position of financial analyst, forecaster, or controller have to deal with challenging tasks during their college years.
Few days after an untimely death [by suicide or murder?] of a film actor in Hindi Film industry hit the headlines in print and electronic media his Chartered Accountant’s name surfaced. As soon as CA’s name flashed Herambh Shastri Chartered Accountant by profession [ not related to any dead or alive Chartered Accountant ] started instantly thinking about the role of CA in such high profile case of death of upcoming actor, sitting in the chair looking at ceiling fan. His analytical mind was working at high speed.
Understanding the importance of Books of Accounts, Documents, and Evidence in amended Section 149 of the Income Tax Act, 1961.
The Finance Bill 2021 has introduced following new sections in relation to Tax Deducted at source (TDS) and Tax Collected at source (TCS): i) Section 194Q- TDS on purchase of goods ii) Section 206AB: Higher rate of TDS for non filers of Income tax return iii) Section 206CCA: Higher rate of TCS for non filers of Income tax return iv) Section 194P: TDS in case of specified senior citizen
t may be noted that as per the provisos of sections 206AB & 206CCA of the Act, the specified persons shall not include a non-resident who does not have a permanent establishment in India. Tax deductors & collectors are expected to carry out necessary due diligence in respect of a specified person established by the above referred functionality to consider him as non-specified, if the fall under these provisos.
NEW REASSESSMENT PROCEDURE 1. Introduction: In the film JOLLY LLB, the judge, unforgettably played by actor Saurabh Shukla, in the concluding speech while delivering his judgment says: ‘But I am the judge. who knows what, what I feel, judgment cannot be given on that basis. I HAVE TO GIVE JUDGMENT ON THE BASIS OF EVIDENCE. […]
The game of football has many exciting things attached to it. Watching the players make a goal, others defending it makes our heart beat faster. Faster in a good sense. We feel an adrenaline rush every minute of the game, and the excitement is enough to keep us on the edge of our seats.
