Income Tax Department has announced roll-out of a new statement - AIS (Annual Information Statement). This will give you all details (well almost all!) about YOUR financial transactions during the year. What is AIS (Annual Information Statement)? You know earlier Income Tax used to give statement 26AS. AIS is...
Yesterday so many circular issued by deptt. Pl find below summary of all circulars:- Clarification regarding applicability of GST on supply of food in Anganwadis and Schools - It has been clarified that services provided to an educational institution by way of serving of food (catering including...
INTRODUCTION In order to penalize those who don’t file income tax returns (ITRs) despite being liable to, the government has proposed new Section 206AB and 206CCA in Union Budget 2021. These Sections impose a higher rate of TDS / TCS if the transactions are done...
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The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income Tax Act, 1961 provides relaxation in respect of the following compliances vide Circular No 9 of 2021 dated 20/05/2021: Particulars Period Due Date Extended Due Date Statement of Financial Transaction (SFT) AY 2021-22 31st May,21 30th...
As the COVID-19 second wave is hitting the economy and businesses harder, the Ministry of Corporate Affairs (MCA) has notified certain relaxations as mentioned below: Levy of additional fees for delay in filing certain Forms by Companies and LLP As per the notification issued by the Ministry,...
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MCA Secretary inaugurates SPICe+ web form SPICe+ to offer 10 services by 3 Central Government Ministries/ Departments in a single web form As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified a new Web Form christened ‘SPICe+’...
