Tax withholding on Foreign Payments- TDS on Foreign Payments Withholding tax is nothing but the retention tax. It is every taxpayer’s duty or obligation to withhold / retain the tax while paying rent, commission or payment for professional services at […]

Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the […]

TDS / TCS- Compliance Functionality for Section 206AB & 206CCA for Non-filers using Online Utility   A new tax rule relating to the TDS and TCS has come in to force from 01.07.2021 under which the the taxpayers who has not […]

TAX Deducted on Source- Provisions for TDS on Purchase of Goods TDS- Tax Deducted at Source, is deducted for the payment that exceeds a specified due limit. However, this was the case earlier. But now, from 1st July, 2021, apart […]

TCS (Tax Collected at Source) On sale of Goods- New Income Tax Compliance w.e.f 01.10.2020 With a view to widening the tax net, the Indian government has extended the scope of Tax Collected at Source (“TCS”). The Government of India […]

Compliance Calendar for the month of July 2021 Finally, the world is opening and everything is getting back in line after a long deadlock because of the COVID 19 crisis. However, it will take some time for the businesses, entrepreneurs […]

New features and Changes on New Income Tax Portal 2.0 A few days ago, an announcement was made by the Income Tax Department that the Income Tax Portal shall have new changes to make return filing easy, faster, and most […]

Compliance Calendar for the month of June 2021 The country is still struggling to cope with the deadly disease that is COVID 19. There are areas and states are under lockdown due to the rise in the COVID +ve cases […]

CBDT gives relief to the taxpayers by granting Extension in various due dates for Income Tax Filing As the country is facing a severe crisis and the whole country is struggling to cope with the pandemic, the central Board of […]