Section 194P of the Income Tax Act, 1961 is inserted vide Finance Act, 2021. Provisions of section 194P provide conditional relaxation to a specified senior citizen from filing an Income Tax Return.
Cryptocurrency is a form of decentralized digital currency secured by Cryptography and based on blockchain technology. The decentralized structure of cryptocurrency allows them to exist outside the control of the government.
In a broad area of corporate restructuring, the PPIRP is a subset where the terms of restructuring usually take place prior to the filing of the insolvency procedure.
MCA introduced a scheme where all the companies which have defaulted in previous filings, can settle and make fresh compliance from now on. This Scheme is known as Company Fresh Start Scheme (CFSS) 2020.
As we all know, on 28th December 2020 ICAI has released a notification and decided to allow one-time condonation to its members for their earlier missed or late generated UDINs. Let us understand what UDIN actually means.
The quarterly GSTR-3B filing option will be available from 1st January 2021 onwards. It is clarified that this scheme is optional and can be availed based on GSTIN.
In this article, we will be talking about the relevance of an e-way bill, how to generate it, its validity in India, and the documentation required to generate it.
In this article, we discuss some of the Important Changes Introduced in the Goods and Services (Fourteenth Amendment) Rules 2020, which have been released by CBIC on 22nd December 2020.