TDS under GST Law shall be deducted as per the provision of Section 51 of the CentralGoods and Services Tax Act, 2017, Section21 of the Union Territory Goods and Services Tax Act, 2017 and Section 20 of the Integrated Goods and Services Tax Act, 2017, read with Rule 66 of the Central Goods and Services Tax Rules, 2017.
The new 'Discard' facility allows taxpayers to manage their ITR filings more efficiently and helps rectify any inaccuracies or omissions within the specified windows. But it's essential to use it with caution as once discarded, an ITR can't be restored.
The Companies Act has strengthened the role and position of the company secretaries. In particular, it considers a company secretary as key managerial personnel.
In the dynamic realm of income taxation, the process of reassessment has witnessed significant legal amendments aimed at striking a balance between taxpayer rights and revenue interests. Recent changes, particularly those introduced by the Finance Acts of 2021 and 2022
Section 201(1) of the Income Tax Act establishes that a person responsible for deducting TDS (Tax Deducted at Source) on distributed income is deemed an "assessee in default" if they fail to deduct or pay the TDS.
In terms of Section 45-IA of the RBI Act, 1934, no NBFC can commence or carry-on business of a non-banking financial institution without a) obtaining a certificate of registration from the Bank.
This article explores how social media trends are impacting CFD market predictions and the implications for traders.
Explore instant loans for unexpected financial needs. Know more about the requirements of an instant loan and find the right lender.
The content in this article includes eligibility requirements under Section 206 of TCS, the deadline for submitting TCS, and a definition of Section 206 of the Income Tax Act.
This article explores the intricate relationship between personal finance and life objectives, offering insights, tips, and real-life examples to guide you on this journey.
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