In this COVID19 Lockdown from the business point of view the most and only enjoying news by Indians has been the way Jio’s shares selling spree is going on. Well, there is no surprise that why Jio’s share selling spree is on very higher end but the most surprising part is that the companies which […]
Deduction of TDS and Taxability of the same; An Analysis of section 198 and 145 of Income tax 1961. As per basic understanding, the net income which is received by the assessee in hands shall be net of the gross income accrued and the tax deducted at source. There came some cases where assessee considered […]
Understanding the new provision of higher TDS rates for non-filers of Income Tax Return. Learn about the implications and rates.
All of us at some point of time decide to make some investments; reason can be future goals or current tax planning. Investments can be made in various modes ranging from Fixed Deposit in a Bank to Invest in stocks. First of all, let me clear one thing here that I’m talking about investments and […]
Economists now expect that economy may grow @ 27%, 10%, 59% and 6% in four quarters of 2021-22. Though pandemic may worsen before getting better, strict lock- downs are unlikely. SBI has also endorsed that Indian economy is now on the path of high growth. Now UN economic and social commission for Asia & Pacific […]
Article contains updates with respect to Notifications, Circulars, Rules, Regulations issued in the Month of March 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article attempts to analyses Notifications, Circulars, […]
Probation is the suspension of the sentence of an offender and allowing them to stay in the community while inculcating good behavior, under the supervision of a probation officer. The report of a Probation officer is important at the time of passing order by the Court to release the Offender without imposing any sentence on […]
Understanding the new Section 206AB & Section 206CCA of the Income Tax Act, 1961. Discover the implications and higher rates of TDS and TCS for non-filing and non-furnishing of PAN.
By the Finance Act, 2021, S.83(1), has been substituted by the following; 83(1). Where, after the initiation of any proceeding under Chapter XII, Chapter XIV or Chapter XV, the Commissioner is of the opinion that for the purpose of protecting the interest of the Govt. revenue it is necessary so to do, he may, by […]
Article contains Overview of Tax Deducted at Source and explains what is TDS, Who is supposed to deduct tax at source & When, What is the TDS Rates for FY 2020-21, When TDS Needs to Deposit to Govt., What are the TDS Returns and their Due Dates and What are the consequences in case of […]
