Vivad se Vishwas Scheme was announced in Budget 2020. The Scheme aims at speedy and hassle-free recovery of these outstanding Income Tax dues. This scheme has come into the force from 17th March, 2020 and the last date to avail this scheme without interest is 30th June, 2020.
TDS and TCS are one of the modes of recovery of income tax in the previous year itself. Amendments were introduced in TDS and TCS provisions in Budget 2020. Know hey amendments in TDS and TCS provisions.
Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption(After Union Budget 2020)Startup India is a flagship initiative of the Governmen
As per Best judgment assessment under the income tax act, 1961 the AO, after taking into account all relevant material which he has gathered, is under an obligation to make an assessment of the total income or loss to the best of his judgment and determines the tax payable by the assessee.
The Income Tax Act, 1961 contains various provisions with respect to the Trust and NGOs. Here are the five key changes that will take effect from FY 2020-21 for Trust and NGOs.
The FM has announced some measures for the taxpayers and the tax practitioners of the nation amidst the COVID-19 Outbreak. Read the key relief measures announced by the FM.
Meaning of Relative as per Income Tax Act 1961. Section 2(41)of the Income Tax Act 1961 defines the meaning of relative. The meaning of relative is further explained in Section 56(2)(vii).
Income Tax Amendment Ordinance 2019 had inserted a new section 115BAB in the Income Tax Act 1961 to provide for the concessional rate of tax for new manufacturing companies. This article is guidance for anyone looking to take benefit of the new section and are in the process of setting up a new manufacturing unit.
Tax Incentive for additional employee cost u/s 80JJAA: An Analysis
Key Highlights of Vivad Se Vishwas SchemeOn 01st February, 2020 Hon’ble Finance Minister in Budget Speech announce this scheme which is now seen as a gold..
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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