Deduct Tax at Correct Rate and deposit in Government Account, Electronic payment of taxes, Issue a TDS certificate, File Return/Quarterly Statement, Filing of Annual Return on Computer Readable Media, Quarterly statement of TDS
The definition of income under section 2(24) includes Capital Gains and therefore for the purposes of section 11, Capital Gains should form part of the income and consequently it should be treated at par with any other income under section 11.
To assist taxpayers CPC has established Customer care helpline, a limited call center service at ITD-CPC, Bangalore for queries related to ITR-V Receipt Status, Refund /Refund re-issue, Rectification, Income tax /PAN/TAN, e-Filing of returns, e-Filing Login, Form 26AS and Form 16.
A new clause has been added to sub-section (5C) of Section 80G vide Finance Bill 2012 where no deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees, unless such sum is paid by any mode other than cash. As per the new sub-section (5D) to Section 80G any payment exceeding a sum of ten thousand rupees shall only be allowed as a deduction if such sum is paid by any mode other than cash.
TAX DEDUCTION AT SOURCE ( TDS ) ON CASH WITHDRAWL ( Amendment in Sec 194N of the Income Tax Act, 1961 ) 1. The Finance Bill 2020 ( Bill) introduced vide Union Budget 2020-21 is passed by both Houses of Parliament, with few amendments on 27th March 2020 and also received President’s assent . 2. […]
Auditor’s are expected to provide an unbiased and objective opinion on the facts they have examined. Boards and shareholders expect that the Auditor’s opinion must be near precise, however, auditing standards prescribe that auditor’s opinion is reasonable and not absolute as the auditors are never able to scrutinize all accounting and business transactions on a 100% basis. This expectation gap seems to be never narrowing down.
Learn how Ind AS 33 addresses the inclusion of contingently returnable ordinary shares in the calculation of Basic and Diluted Earnings Per Share (EPS).
AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Limited Liability Partnership(LLP) to make all its pending compliances (including annual filing) without any additional fees. This means that the Limited Liability Partnership(LLP) can file the pending documents with only normal fees applicable to the Limited Liability Partnership(LLP) without […]
Opportunity For Defaulting Companies To File Pending Annual Statutory Documents / Forms And Other Documents / Forms Without Any Penalty AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Companies to make all its pending compliances (including annual filing) without any additional fees. This means that the Companies […]
There has been a lot of representation from the stakeholders before the Ministry of Corporate Affairs (‘MCA’) to provide a one-time opportunity to file all the pending documents including the Annual Filing of the Company without charging additional fees. In the wake of the coronavirus pandemic, MCA by exercising his power under section 460 read […]
