Understanding TDS implications on E-Commerce transactions through the newly inserted Section 194-O of the Income Tax Act, 1961, applicable rate and various other provisions.
From FY 2020-21, taxpayers can choose to pay income tax under an optional new tax regime. The author, in this article, has listed the new slab rates u/s 115BAC.
Let us understand Section 50C and the pandora of litigation throigh a recent judgment of Mumbai ITAT, pronounced on 15.01.2021 in the matter of Maria Fernandes Cheryl.
After having successfully filed your Income Tax Return, the next step is to verify it. In this article, we have provided an Easy Guide on e-verification procedure of ITR.
In case of certain prescribed payments, the person making the payment is required to deduct tax at source at the prescribed rate. Let us discuss how deductees are required to meet their TDS obligations.
Gift received by any person or persons is taxed in the hands of the recipient under the head Income from other sources and at normal tax rates under Section 56(2)(x) of the Income-tax Act, 1961.
Deemed Dividend is the dividend that is not actually paid as a dividend but assumed to be a dividend for the purpose of taxation under Section 2(22)(e) of the Income Tax Act.
The Provisions relating to the form of appeal to Commissioner (Appeals) are contained under Rule 45 of the Income Tax Rules. As per the said rule 45, an appeal to the Commissioner of Income Tax (Appeals) needs to be made in Form No. 35.
This article highlights Govt. Amendments in Finance Bill 2021 & application for renewal/registration of charitable trusts and institutions.
The changes introduced in the Tax Audit Form in Form 3CD from the AY 2021-22 are shown in this article, in a tabular form. These changes in Form 3CD are effective from the 1st day of April 2021.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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