Income Tax
Cash Deposit during Demonetisation period
It was 8 pm on the 8th November when heartbeat of every Indian skipped a beat because the Honourable Prime Minister of India announced that since midnight 500 rupee and 1000 rupee currency notes...
Income Tax
Analysis of newly inserted Section 194O
The Union Budget brought about an insertion of Section 194O in the Income Tax Act,1961 effective from 1st October,2020 which warranted a tax deduction of 1% of the gross amount of goods, services, or both by the E-Commerce...
Top News
Instant PAN through Aadhaar based e-KYC
General Scheme of PAN Allotment:
A new facility of instant e-PAN through Aadhaar based e-KYC has been introduced by the Honourable FM in Budget 2020.
Electronically issued and Digitally signed e-PAN is now a valid mode...
Finance
Why Donation for Fight against Coronavirus to third party NGOs is not a good idea?
Earlier, the trusts were formed by affluent people of same community who infused corpus money out of their own savings and carried out charitable activities in the nature of relief for the poor, education...
Top News
Companies Fresh Start Scheme, 2020- One time opportunity for Companies to clear defaults
The Ministry of Corporate Affairs has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403.This is in...
GST
Amendments to GST rules (23.03.2020)
Summary of Important Amendments to GST Rules as per the notifications issued on 23.03.2020:-
GST Registration:-
As per Notification No. 16/2020- dated 23.03.2020:-
Authentication of Aadhaar number for grant of registration
As per Rule 8 (4A) of...
GST
What is Reverse Charge Mechanism in GST?
Normally, GST on goods and services is payable by the
taxable person (i.e. person registered or liable to be registered under GST). However
the Government have, on the recommendation of the council, by notification specified
categories of...
Top News
29 Things To Do This Lock Down
We are at a stage and phase, no one planned. But this has happened in past too, experiencing and passing through a phase totally new for the world, which became history and the people...
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