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Kratika Golechha

Latest Posts by Kratika Golechha

Interest to be levied only on net cash liability of GST

July 24, 2019 2625 Views 0 comment Print

Recently, section 50 of Central goods and services tax act was amended to provide that interest will now be charged on only that portion of the GST liability which is paid by debiting the electronic cash ledger. The present rate of interest on the delayed payment of tax liability is 18% per annum on unpaid […]

No TDS u/s 194A for Senior Citizens upto Rs. 5 lakhs

June 4, 2019 5778 Views 3 comments Print

CBDT has issued a notification dated 22nd May, 2019 stating that Senior citizens having taxable income upto 5 lakhs can submit the Form 15H with the banks to claim TDS Exemption. The amendments by the CBDT states that banks and financial institutions would accept Form 15H from assessees whose tax liability is ‘nil’ after considering […]

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