In this article we are discussing what is the rate of interest which Assessee may have to pay for delayed payment of TDS, when this interest becomes payable, what is the due date of tds payment, when tds needs to be deducted, how to calculate interest on TDS, Example of Interest Calculation, how to avoid and rectify interest default.
Where to Open a PPF account?: A PPF account can be opened at any SBI Branch or at any Branch of its subsidiary bank. You can also visit any nationalised bank in your neighbourhood or head post office or selection grade sub-post offices to open a PP
1) Extract Zip file containing TDS certificate data in text form by using WinZip version 9.0 and above, WinRaR version 3.90 and above and 7-Zip version 4.65 and above. 2) Extract zip file by providing the TAN registration number. 3) Open the PDF converter utility by double clicking the file PDF Converter Utility.bat
1. CBEC vide circular No. 135/05/2020- GST dated 31.03.2020 clarified following issues related to Refunds :- (a) Refund of accumulated Input Tax Credit (ITC ) on account of reduction in GST Rate (b) Guideline for Refund of Input Tax Credit under Sec 54(3) (c) New Requirement to mention HSN/SAC in Annexure ‘B’ (d) Change in […]
The provisions of TCS u/s 206(1H) were to take effect from 1-4-2020 vide the The Finance Bill as introduced, but as it became law, it is effective from 1st Oct 2020.
In order to facilitate the Companies registered in India to make a fresh start on a clean state the Ministry has decided to take alleviative measures for the benefit of all companies through Companies Fresh Start Scheme, 2020 (CFSS 2020). CFSS 2020 is launched for defaulting companies to make their defaults good. Defaulting Company means […]
Companies Fresh Start Scheme, 2020 – The CFSS Scheme For the Ministry of Corporate Affairs, the year 2018 was a year of imposing Penalties, striking off the bogus and shell companies, passing disqualification orders against defaulting Directors, putting additional compliances in place for filtering and tracking such shell and Bogus companies and creating embargoes on […]
The Ministry of Corporate Affairs (MCA) vide its General Circular No. 12/2020, comes up with the Companies Fresh Start Scheme, 2020 for one-time application of condonation of delay of filling the various documents, forms, returns etc. with the MCA. Let us have a quick review: FEW SPECIAL CASES If defaulting company has filed any appeal […]
Companies Fresh Start Scheme 2020 and Modified LLP Settlement Scheme 2020 Launched by MCA From April 1, 2020 till Sept 30,2020 The ministry of corporate affairs has announced ‘Companies Fresh Start Scheme 2020’ and ‘LLP Settlement Scheme 2020’. Individually the schemes ought to release to make available a chance to companies and LLPs to file […]
Various Relief Measures at a Glance Announced by Government in view of Covid-19 outbreak Direct Taxes & Benami: (i) Extension of last date of filing of original as well as revised income-tax returns for the FY 2018-19 (AY 2019-20) to 30th June, 2020. (ii) Extension of Aadhaar-PAN linking date to 30th June, 2020. (iii) The […]
