Section 139 of the Companies Act, 2013

When it comes to running a company, transparency and accountability are key. One of the pillars supporting these values is the role of auditors....

1961 to 2025 : Tax Transformation

Finance Minister Nirmala Sitharaman tabled the new Income Tax Bill, 2025, in Parliament on February 13, 2025. It aims to overhaul and modernize the...

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9 Major Direct Tax Amendments in Budget 2021-22

On 1st February 2021, Finance minister Nirmala Sitharaman introduced the Union Budget for the financial year 2021-22 of which the major Direct tax amendments...

Key Highlights of Union Budget 2021

The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the first-ever digital budget for 2021-22 on February 1, 2021. The total budget...

Section 206C(1H): Area of decision making for company management and business owners for smooth implementation of TCS on sale of goods

TCS provision would apply on all sale consideration (including advance received for sale) received on or after 01- 10-2020 even if the sale was...

What is TDS on Dividend Income and Its Impacts on Shareholders?

In the earlier tax regime, after corporate tax of 25% to 30% (effectively 33.99% including surcharge and cess), the Company was also liable to...

What is TCS Tax? The Amendments of Tax collected at Source.

Introduction to Tax Collected at Source Tax Collected at Source(TCS) is the concept wherein the seller collects a percentage of tax from the buyer on...

New National Education Policy 2020: All you need to know

Important News: The Union Cabinet renamed the Ministry of Human Resource Development to the Ministry of Education. Making the announcement, Union Ministers Prakash Javadekar...

Form DIR-3 KYC- Mandatory annual compliance for DIN holders

What Is DIR-3 KYC Form? DIR-3 KYC is an annual e-form which is to be filed by every Director/Partners/Designated Partners who has been allotted a...

What is faceless tax assessment or e assessments In Income Tax?

A Modern Generation of TRUST, TRANSPARENCY and TAX “A lot of things would depend on the discretion of assessing officer in manual assessment. We have...

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