"Chartered Accountant I Taxation Head at Spinny I Ex- EY, PWC, DB Desai Vishal is chartered Accountant and DISA having 10 years of experience in Mergers & Acquisitions, Indirect taxation, corporate taxation, Tax Litigation in Big4 and E commerce Industry. "
Department introduced the TCS on sales of goods by introduction of section 206C(1H) w.e.f 1st Oct-2020. Thus bringing the goods under the ambit of TCS. They did not stopped here and went a step further and proposed to introduce TDS on goods by introduction of section 194Q w.e.f from 1st July-21. Thus drastically changing the […]
Higher rate of withholding tax for non-filers of income-tax returns – Section 206AB Section 206AA of the IT Act provides for higher rate of tax withholding for non-furnishing of PAN. In order to further increase the compliance of filing return of income by persons who have borne a reasonable amount of withholding taxes, the Finance […]
Nowadays, the Business houses are entering into sale and lease back transaction of capital assets in order to meet the working capital requirement of the transaction. The Sale and lease back transaction needs to be carefully analysed to determine the correct tax implications. A humble attempt to list down the GST implication on sale and […]
