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Ca. Mvsp Chandra Sekhar Rao

Latest Posts by Ca. Mvsp Chandra Sekhar Rao

Tax planning for Individuals

December 9, 2022 6615 Views 1 comment Print

Explore effective tax planning strategies for individuals as the year-end approaches. Discover deductions under various sections like 80C, 80D, 80E, and more. Maximize savings and minimize tax liability.

Electronic Invoicing Under GST

August 27, 2020 10317 Views 0 comment Print

E-Invoicing or Electronic Invoicing is the largest revolution that govt is imposing on trade and industry. Advanced use of technology is must to curb the tax evasions and for control. The Central board for direct taxes already uses the Artificial Intelligence and Machine learning for E -Assessments. E- Appeals. The same way CBIC has come […]

Changes in Form ITR -1 for AY 2020-21

August 26, 2020 3777 Views 4 comments Print

Central Board for Direct Taxes CBDT has come up with some changes in ITR Forms for AY 2020-21 like every year. Now taxpayers are requested to answer some more questions of high value transactions like deposits in current accounts more than 1 crore, electricity bills aggregating of more than 2 lakhs, etc., Changes in Form […]

Section 194N TDS on Cash withdrawals exceeding Rs. 1 crore/20 Lakh

July 30, 2020 5046 Views 9 comments Print

Sec 194N:  Tds on cash withdrawal of more than 1 crore Intro: To discourage the cash transaction and move to cash less economy, income tax department has introduced a new section 194N deduction of TDS on cash withdrawal exceeding  Rs. 20 Lakh In case the individual receiving the money has not filed income tax returns […]

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July 2024