This is the last clause of MOA (Memorandum of association) (aka Subscription Clause). A company itself is an association of persons and this association is formed by Memorandum. The individuals who want to be part of this association needs to sign Memorandum of the company, this part where such signatures are affirmed is called association […]
Section 194Q: Deduction of tax at source on payment of certain sum for purchase of goods Explanations and FAQ’s 1. From which date the provisions of Sec 1 94Q Applicable? The provision of Sec 194Q notified in Finance Act, 2021 and applicable from 01st July 2021. 2. In which cases and who are liable to […]
Bank Accounts for Non-Residents Non-Resident Indians often need to keep an account in India, in order to meet expenses for their parents, or for investments in India or for their retirement planning or for various other reasons. On a number of occasions, it has been seen that people are confused with respect to the different […]
206ए.बी./206सी.सी.ए. के अधीन किन व्यक्तियों का टी०डी०एस०/टी०सी०एस० बढ़ी हुई दर से काटना/वसूलना होगा, यह जानने के लिए सरकार यूटिलिटी जारी करेगी अब तक शायद ही कोई ऐसा हो जो यह नहीं जानता हो कि आयकर कानून, 1961 की धारा 206ए.बी. / 206सी.सी.ए. के अधीन रिटर्न न भरने वाले कुछ व्यक्तियों का टी०डी०एस० और टी०सी०एस० निर्धारित […]
Understand the applicability and analysis of Section 206AB and 206CCA of the Income Tax Act,1961. Learn about the higher tax rate for non-filers and the effective date of these sections.
Explanations and FAQ’s on Sec 206AB and Sec 206CCA Section 206AB: Special provision for deduction of tax at source for non-filers of income-tax return and Section 206CCA: Special provision for collection of tax at source for non-filers of income-tax return 1. Who is a Specified person? Specified persons means a person i. who has not […]
Understand the declaration format for Section 194Q, 206AB & 206CCA. Learn how to comply with the new TDS regulations and ease the burden of compliance.
1. What is Section 194Q and 206C(1H)? – Section 194Q is for Tax deducted at source (TDS) applicable from 01.07.2021 and – Section 206C(1H) is for Tax Collected at source(TCS) applicable from 01.10.2020. 2. When is a person liable to deduct TDS u/s 194Q and TCS u/s 206C(1H)? -TDS is to be deducted under section […]
FAQs on How to Register for e-Filing (CA) on New Income Tax Portal 1. Who is a Chartered Accountant? A Chartered Accountant (CA) is a registered member of Institute of Chartered Accountants of India. A CA can file ITRs, Audit Reports and other statutory forms on behalf of his/her clients. 2. What are the prerequisites […]
FAQs on Register Digital Signature Certificate Q.1 What is DSC and why is it required? Ans: Digital Signature Certificate (DSC) is the electronic format of a physical or paper certificate. DSC serves as proof of identity of an individual or Organization for a certain purpose online / on computer. DSC authenticates and electronic document like […]
