ITR Filing- Post Office offers an option to file ITR at CSC Counter Income Tax Return filing is an important task that every taxpayer has to comply with every year without fail. The taxpayers find it hustling to file an […]
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 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 country in the August […]
TDS/TCS Compliance Utility for Sections 206AB & 206CCA Overview TDS and TCS compliance has become more strict after the introduction of Sections 206AB and 206CCA under the Income Tax Act. These provisions require tax deductors and collectors to apply higher […]
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 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 and taxpayers to bounce […]
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 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 and everybody is doing […]
