New TDS provisions will reinforce the reconciliation of data Tax deducted at source (TDS) and tax collected at source (TCS) play… Jyoti AroraPosted on July 5, 2021July 5, 2021
CBDT issues guidelines under section 194Q The income tax department issued a circular dated 30th June 2021 laying… Jyoti AroraPosted on July 2, 2021July 2, 2021
Section 206AB and Section 206CCA: Compliance Check Functionality Introduced To help the tax deductor or the collector comply with two new… Namita ShahPosted on June 22, 2021June 22, 2021
How the Income Tax Department Traces Your Transactions The income tax department receives information about specific transactions through their sources.… Namita ShahPosted on April 7, 2021April 8, 2021
5% TCS on Foreign Fund Transfers to Apply From October Individuals are allowed to remit up to $250,000 abroad each year as… Athena RebelloPosted on September 11, 2020September 14, 2020
Form 26AS to include details of high-value transactions The income tax department is streamlining taxpayer information, reporting of income and… Sweta DugarPosted on July 21, 2020July 21, 2020
Due date to file annual GSTR-4 for FY 2019-20 gets further extended The government has further pushed the deadline to file the brand new… Annapoorna MPosted on July 15, 2020July 20, 2020
Due Dates of These 10 Financial Activities Have Been Extended The outbreak of COVID-19 pandemic and the nationwide lockdown has flipped our… Apoorva NPosted on June 25, 2020June 26, 2020
New Form 26AS notified with effect from 1 June 2020 Form 26AS is an annual statement stating the tax payment details including… Sweta DugarPosted on May 29, 2020June 1, 2020
Does a TDS rate cut reduce your income tax liability? The economic stimulus package announced by the government reduces the TDS and… Sweta DugarPosted on May 18, 2020June 1, 2020
