Facing problem in revising the TDS return; here is the procedure how to file TDS revised return Overview -Request for conso file from Traces Portal. -Download the conso file & open in utility -Update the correction in utility. -Upload on E-filing portal or at TIN-FC (TIN FACILITATION CENTER). STEP-1 Request for conso file from Traces […]
Under section 40(a)(ia) of the Act, in case of payments made to resident, the deductor is allowed to claim deduction for payments as expenditure in the previous year of payment, if tax is deducted during the previous year and the same is paid on or before the due date specified for filing of return of income under section 139(1) of the Act.
Reminders for Companies/Management Related to year end Tax Compliances With the financial year (2019-20) approaching an end, each business has accelerated its tax compliances. Amidst this hassle, here are some key pointers that every business/management must keep in mind prior to closing their financial year: 1. TDS Deduction as per ‘Year End Provisions’ – There […]
FINANCE ACT 2019- AMENDMENTS (Applicable for AY 2020-21 i.e FY 2019-20) Some important amendments made by Finance Act 2019 to be noted while filing returns for AY 2020-21 1. Rebate under Section 87A: The rebate is available to a resident individual if his total income does not exceed Rs. 5,00,000. The amount of rebate shall […]
FAQs on filing Form CAR (Company Affirmation of Readiness towards COVID-19) As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, they will deploy “Company Affirmation of Readiness towards COVID-19 […]
COVID-19 virus is indeed a big epidemic. But 31st March also a very important deadline which cannot be ignored at all. Inspite of the widespread of the Corona Virus, the government has not yet extended the due dates for tasks which are to be wrapped up before 31st March 2020.
This article is written to specifically guide the GST law and procedures to be followed in case of death of the proprietor. There can be two situations commonly in case of death of proprietor either the business is transferred as going concern to legal heir or business may be discontinued. In this article, I have tried to cover both the scenarios for the benefit of the readers.
In case Taxpayer forgets E-filing Portal Password, the same can be reset using ‘Forgot Password > Reset’ option available at portal. Following six alternatives are available for resetting Password:-
Issue of Sweat Equity Shares In the current scenario, an employee is the key of the success of every organization and every employee deserve to be compensated for the efforts made by them to make the organization successful in the competitive market and the issue of Sweat Equity shares is the best way to compensate […]
Introduction: Ministry of Corporate Affairs vide a notification dated 20.02.2020 conveyed and strongly advised to all the Companies and LLPs to put in place an immediate plan to implement ‘Work from Home’ Policy in their headquarters and field offices. > MCA has came up with a new web based form CAR (Companies Affirmation of Readiness […]
