Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020
MCA recently has issued Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020. Date of Enforcement of Rules: The Rules...
Month: April 2020
GST on Gift & Perquisites paid to Employee
Taxability of Gift: Gifts upto a value of Rs 50,000/- per year by an employer to his employee are outside...
Clause 30C and clause 44 of the Tax Audit Report shall be kept in extend till 31st March, 2021
CBDT issued an Order under section 119 of Income Tax Act, 1961 vide a Circular No. 10/2020 dated 24.04.2020 regarding...
Section 196 Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations.
As per Section 196: Notwithstanding anything contained in the foregoing provisions of this Chapter, no deduction of tax shall be...
Section 195A Income Payable “net of tax”
In a case other than that referred to in sub-section (1A) of section 192, where under an agreement or other...
Section 195 TDS on Payment to Non-Resident
Section 195(1) of the Income Tax Act Deductor/ Payer: Any person Deductee/ Payee: Non-Resident (not being a company) or Foreign...
Section 194N TDS on Payment of certain amounts in cash
Section 194N of the Income Tax Act Deductor/ Payer: Every person, being- a banking company including any bank or banking...
Section 194H TDS on Commission or brokerage
As per section 194H: Any person who is responsible for paying, on or after the 1st day of October, 1991...
Form GST PMT-09 Inter transfer of electronic cash ledger balance under gst
After availability of FORM GST PMT-09: Form GST PMT-09 enables a registered taxpayer to transfer any amount of tax, interest,...
Section 194G TDS on Commission on the sale of lottery tickets
As per section 194G: Any person who is responsible for paying, on or after the 1st day of October, 1991...