Duty of person deducting tax
Duty of person deducting tax 1.According the provision of Income Tax Act section 200 any person deducting any sum in of TDS shall pay within the prescribed time on … Read More
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Duty of person deducting tax 1.According the provision of Income Tax Act section 200 any person deducting any sum in of TDS shall pay within the prescribed time on … Read More
Most Important Exemption under Total Income According the provision of Income Tax Act ,1961 there is various exemption available under section 10 from total income. 1. Agriculture Income: We … Read More
Capital Gains According the provision section -45 of Income Tax Act,1961, Any profits or gains arising from the transfer of a capital asset effected in the previous year shall save … Read More
Budget 2021 According to Financial Budget 2021 presented on 1st Feburary 2021 by Finance Minister Nirmala Sitaraman. No Change in Income Tax Slab Tax audit limit incresed from 5 crore … Read More
GST Provisions of Finance Bill 2021 According to Financial Bill 2021 presented on 1 February 2021 there has ben many clause shall be inserted and deemed to have been inserted … Read More
Consequences of non filing of GSTR1 on or before due date According the Goods and Services Act, 2017 there is penalty provision for non filing of GSTR 1 on or … Read More
Who is liable to deduct TDS ? According to Income Tax Act,1961 TDS is required to be deducted before making any payments in cash or before issuing any cheque or … Read More
Quarterly Return Monthly Payment Scheme (QRMP) According to Goods and Service Tax 2017 Circular no. 143/13/2020 GST dated 10th November 2020 That taxpayer now can opt a new scheme quarterly … Read More
Penalty for failure to get accounts Audited Sections 271B According to Income Tax Act 1961 compulsory audit of account under section 44AB Every person carrying on business shall if his … Read More
Compulsory audit of accounts (Section 44AB) According to Income Tax Act 1961 compulsory audit of account need in case of annual turnover exceed Rs. 1 crore in any previous year … Read More