Interest for non payment of Advance Tax: (Section 234B & 234C):

November 29, 2019 - Updated on May 1, 2020

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In Simple words Severance pay means: "A severance package is pay and benefits employees may be entitled to receive when ...

Can a salaried employee show business/ professional income and file ITR 4

November 28, 2019 - Updated on April 8, 2020

In the times when everyone is constantly working and trying to earn more there are many salaried employee also who ...

Section 80EEB: Deduction in respect of interest paid for purchase of electric vehicle

November 27, 2019 - Updated on April 10, 2020

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Section 80EEB was introduced by Finance Bill, 2019 to provide additional deduction with respect to interest on purchase of electric ...

Which companies cannot avail 15% tax rate and pay tax at lower rate:

November 24, 2019 - Updated on March 26, 2020

An ordinance was passed by our Finance Minister on the 20th September 2019, where she announced two new corporate tax ...

Section 194M: TDS on payment made for contract, commission and professional service for personal use

Here’s how you need to deduct TDS u/s 194M without TAN: New TDS Form 26QD introduced for TDS u/s 194M:

November 23, 2019 - Updated on March 26, 2020

CBDT vide notification Dt. 18.11.2019 has notified Form No. 26QD to be filed to deduct TDS u/s 194M of the ...

Penalty for holding multiple PAN card: Rs. 10,000 u/s 272B

November 20, 2019 - Updated on November 21, 2019

Owning a PAN card is responsibility in itself as it contains your tax related information on which the tax officials ...

GSTR 9 & 9A is compulsory for all taxpayer’s in F.Y. 2017-18 or else you won’t be able to edit it in future.

November 18, 2019 - Updated on November 20, 2019

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CBIC had few months ago vide notification no. 47/2019 dt. 09.10.2019 notified that it would be optional for all the ...

GST Registration cancelled if GSTR 3B not filed for past 6 months or more. Want to know why?

November 17, 2019 - Updated on November 19, 2019

We have seen many people who have just applied for GST registration while starting a new business and then they ...

Mentioning the new address in Income Tax Return is not enough for change of address in Income Tax database: Supreme Court judgement

November 16, 2019 - Updated on April 18, 2020

In a recent judgement in case of Principal Commissioner of Income Tax v. M/s I-Ven Interactive Limited, Mumbai, Honorable Supreme Court passed a ...

GSTR-9 &GSTR -9C more simplified & last dates of submission extended

November 14, 2019

Ministry of Finance vide its press release has extended due date for filing GSTR 9 and 9C for F.Y. 2017-18 ...

Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST

November 11, 2019 - Updated on November 12, 2019

The CBIC has issued following further clarification with regard to claiming of ITC u/s 36(4) for which invoice is not ...

Time Limit for completion of scrutiny assessment proceedings – Section 153 of the Income Tax Act:

November 10, 2019 - Updated on November 13, 2019

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Section 153 defines the time limit for completion of scrutiny assessment proceedings by assessing officer which is as under: Section ...

Are your personal assets liable for capital gain? What is capital asset and capital gain income?