Stay updated on the revised TDS/TCS compliance and rates effective from 01.06.2016. Understand the comprehensive analysis and comparative study for accurate tax deductions.
As per the reports received by us Finance bill 2016 is passed by Lok Sabha today . Finance bill 2016 was having 128 clauses proposing amendment to Income Tax Act, 1961. Finance bill 2016 was presented in Lok Sabha by Finance Minister Arun Jaitley on 29th February 2016. Bill passed by Lok Sabha has 47 […]
Analysis of financial reports requires skill of mathematics, accountancy as well as statistical tools. But there are some basic ratios which can be helpful for a layman also to analyze the Balance Sheet, Profit & Loss A/C of a company or a bank. Various financial datas can be made available from Balance sheet, P/L A/C, […]
Under sub-section (6) of section 195 of the Income-tax Act, person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum, whether or not chargeable under the provisions of this Act, is required to furnish the information relating to payment of such sum, in such form and manner, as may be prescribed.
As per sub-rule (1) of rule 29C (Declaration by person claiming receipt of certain incomes without deduction of tax) of the Income-tax Rules, 1962 (hereunder referred as the Rules) a declaration under sub-section (1) or under sub-section (1A) of section 197A shall be in Form No. 15G and declaration under sub-section (1C) of section 197A shall be in Form No. 15H.
a Registration: The deductor /collector should hold valid TAN and is required to be registered in the e-filing website (https://incometaxindiaefiling.gov.in/) as Tax Deductor & Collector to file the e-TDS/e-TCS Return. b Preparation: The Return Preparation Utility (RPU) to prepare the TDS/TCS Statement and File Validation Utility (FVU) to validate the Statements can be downloaded from the tin-nsdl website (https://www.tin-nsdl.com/).
The MCA21 portal requires some settings to be done on your computer. For smooth login, upload of eforms, signing of DSC or using any other MCA service available through the MCA21 portal, please make the following settings. 1. Java Settings in Control Panel 2. Java Settings in Internet Explorer 3. Java Settings in System Properties […]
As we know The size of the ROC e-form increases significantly after attaching the DSC , the Question which comes in our mind is What should be done to optimize the PDF file size? Here is the Solution to limit the increase in PDF file size while affixing the Digital Signature Certificate (DSC). Open any […]
The Auditing and Assurance Standards Board of ICAI has brought out Guidance Note on the Companies (Auditor’s Report) Order, 2016 for the benefit of the members. The Guidance Note was initially developed by three expert groups constituted by the Board for this purpose and thereafter finalised with the contribution of all the members of the Board and the Council.
CBDT has Vide notification no. 30/2016 dated 29-04-2016 extended Due date for payment of TDS on transfer of immovable property u/s 194IA to 30 days from existing 7 days. Section 194IA requires buyer of the Property to deduct 1% TDS while making payment to seller if consideration of the Property exceeds 50 Lakh Rupees.
