Penalty for Fake Invoices | Section 271AAD | Budget 2020
Penalty for Fake Invoices | Section 271AAD | Budget 2020 In the recent past after the launch of Goods & Services Tax (GST), several cases...
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THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020
THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 Why this Bill ♥ To reduce the disputed tax demand pending before appellate authorities i.e. CIT(A), ITAT,...
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Budget 2020 Analysis: Amendments in TDS Provisions
Budget 2020 Analysis: Amendments in TDS Provisions Amendment 1- Section 194A Old Provision Earlier, an individual or HUF was required to deduct and deposit the...
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Changes in provision determining Residential Status of any individual – Budget 2020
Changes in provision determining Residential Status of any individual: A. Currently, An Indian citizen or Person of Indian Origin is considered to be resident of...
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ICAI Tax proposals on International Taxation
ICAI Tax proposals on International Taxation HIGHLIGHTS OF THE UNION BUDGET-2020-21 ICAI Tax proposals on International Taxation 1. Exemption in respect of certain income of...
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ICAI Significant Direct Tax Proposal In The Finance Bill 2020
ICAI Significant Direct Tax Proposal In The Finance Bill 2020 The Union Budget 2020-21 has introduced a host of direct tax proposals on the personal...
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TDS Rate Chart for FY 2020-21 or TDS Rates for AY 2021-22
TDS Rate Chart for FY 2020-21 or TDS Rates for AY 2021-22 Presenting TDS Rate Chart for FY 2020-21 based on Income Tax Budget 2020...
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TDS on 194J for technical services reduced to 2% from 1st April 2020
TDS on 194J for technical services reduced to 2% from 1st April 2020 Budget 2020 reduced the rate for tax deducted at source (TDS) in...
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Tax Audit Threshold increased to 5Cr from AY 2020-21
Tax Audit Threshold increased to 5Cr from AY 2020-21 ; Change in Due Date of Tax Audit and Income Tax Return Filing Tax Audit Threshold...
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Budget 2020 Analysis: Amendments in Section 6 (Residence in India)
Budget 2020 Analysis: Amendments in Section 6 (Residence in India) for residential status Taxability of a particular income of a person under income tax act...
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Section 194-O : TDS on E-commerce Transactions
Section 194-O : TDS on E-commerce Transactions Budget 2020 has introduced TDS on E-commerce Transactions. The main motive behind this section is to trace the...
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Section 194J : Reduction of TDS on Technical Services to 2%
Section 194J : Reduction of TDS on Technical Services to 2% This is indeed a good news the Reduction of TDS on technical services to...