As we all know that from 1.10.2020 section 194-O is going to apply for payment made by E-Commerce operator to E-Commerce participant is required to deducted TDS as per Provision of section 194-O. Section states that where sale of goods or provision of services of an E-Commerce participant is facilitated by E-Commerce operator through its […]
Tax collected at Source on sale of Goods effective from 01st October 2020 Due date for filing Annual return and audit report under GST has been extended, tax payer got some relaxation however new compliance requirement has been introduced which is applicable from 01st October 2020 i.e. tax to be collected at source on sale of goods. […]
Applicability of TCS u/s 206C(1H) on GST Component? There were doubts among taxpayers whether TCS u/s 206C(1H) is to be collected on net of GST amount or inclusive of GST. The matter has been clarified by Income Tax Department vide Circular No.17/2020 dated 29.09.2020 Para 4.6 of circular read as under: 4.6 Adjustment for sale return, […]
Extension of date for furnishing Annual Return and One time relaxation of E-Invoice Compliance vide Notification No. 69/2020 – Central Tax to 72/2020 – Central Tax dated 30-09-2020 and Exemption Notification No. 04/2020-Integrated Tax – Rate etc. Sl. No Notification No Date Summary of Notification 1 69/2020 – Central Tax 30-09-2020 Extension of due date […]
Certificate for lower or nil deduction of tax is issued by the Assessing officer to the non-resident for a specified period mentioned in the certificate for which it is valid unless it is cancelled by the assessing officer.
In today’s date, the most popular and most discussed topic is TCS on Sale of Goods since it is applicable with effect from 01 October, 2020. Though the topic is the most discussed one, there are so many confusions in the mind of readers regarding this new section and its practical implementation. Hence today I […]
TCS to be Collected on Collection for the sale of goods from 01/10/2020. If Your turnover > 10 crore in FY 19-20 Here is my write up on TCS to be collected on Amount Received from SALE OF GOODS levied from 01-10-2020. It covers – How TCS on Goods will be collected? What rate in […]
Casual Vacancy of the Auditor means a vacancy which is unpredictable and caused due to death, resignation, disqualification etc. of and auditor. Appointment of Auditor in case of casual vacancy is regulated by Section 139(8) (i) of the Companies Act, 2013. According to Section 139(8)(i) of the Companies Act, 2013, any casual vacancy in the […]
Equalisation Levy was introduced in 2016 with the intention of taxing the digital transactions on certain non-residents businesses. It aimed at taxing business to business transactions. The levy was applied at a rate of 6% on certain specified services such as online advertisement and any provision for digital advertising space or any other facility or service for the purpose of online advertisement.
Documents/Information Checklist for Company Incorporation in India by Foreign national DOCUMENTS REQUIREMENT: -Photo; -PAN (in case of Indian National) -Passport- Identity Proof; -Voter ID/DL/Aadhar (in case of Indian National) -Bank Statement/Electricity/Gas/Telephone Bill (Not older than 2 months)-Residence Proof *Other Documents: -Form INC-9; -Subscriber Sheet of MOA (For Person Residing outside India); -Subscriber Sheet of AOA […]
