The Amendments made to the Income Tax Act in respect of Individual, HUF, Domestic Companies for AY 20-21, PY 19-20 by way of Finance Act
Certain Income Tax relaxations have been given in the wake of COVID-19. Know all the Income Tax developments since March 2020
TDS Refund can be claimed when TDS paid by an assessee in a Financial Year is greater than TDS calculated in a Financial Year.
TCS on Sale of Overseas Tour Package was proposed in Budget 2020. As per TCS provision on sale of overseas tour package. every Seller of an Overseas Tour Programme Package is required to Collect Tax from the Buyer of such Overseas Tour Programme Package.
Section 206(1h) - Applicability of TCS on Export & Import of goods as per Finance Act, 2020 and Applicable Date Clarity
Commerce and Management faces unprecedented setbacks due to the COVID-19.
The Finance Act 2020 has re-introduced the classical system of taxing dividend income in the hands of recipient shareholders at their respective applicable slab rates and the domestic companies or mutual funds are not required to pay any DDT on such dividend income, w.e.f. AY 2021-22, i.e. w.e.f. 1.4.2020.
Clarification issued by CBDT regarding the validity of TDS certificates for lower or nil TDS rates.Nil or Lower TDS/TCS certificate issued for a particular period in FY 2019-20 also valid till June 30, 2020.
As per the amendment to TDS section 194J of the Income-tax Act, 1961 TDS on technical services will be charged at 2%.TDS Section 194J deals with provisions related to fees on professional and technical services.
This year the Taxman has come with a substantial overhaul having regard to the taxation of the Trusts, Societies, NGOs etc. i.e. Charitable Trusts including edu..
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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