Section 206AB and 206CCA of Income Tax Act, 1961
Section 206AB and 206CCA are inserted by Finance Act, 2021. These sections are special provision for deduction/collection of tax at source at...
Month: June 2021
Internal Audit
Internal Audit Internal Audit is performed to assess and improve the effectiveness of governance, risk management, and control over critical...
TDS on Cash Withdrawal: Section 194N
As per section 194N, all the Banks to which Banking Regulation Act applies including a Co-operative Society and a post...
GST Applicability on Foreign Diplomatic Mission (FDM)
FDM (Foreign Diplomatic Mission) FDM (Foreign Diplomatic Mission) is a group of people from an organisation of a country located...
TDS due date extend till 15-07-2021, Form No. 10A/ Form No.10AB till 31-08-2021: Press Release
Government grants further extension in timelines of compliances Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received...
Further extension of timelines of compliances under Income Tax Act (25-06-2021)
Government grants further extension in timelines of compliances Also announces tax exemption for expenditure on COVID-19 treatment and ex-gratia received...
Clarification of Registration of Independent Director in Data Bank
Ministry of Corporate Affairs (MCA) has notified, Companies (Creation and Maintenance of databank of Independent Directors) Amendment, Rules 2021 on 18th June...
Due date for filing of Form 61A (SFT) for FY 2020-21 is 30th June, 2021
As per Section 285BA of the Income Tax Act, read with rule 114E of Income Tax Rules 1962, specified reporting...
Updated definition of Small and Medium companies in Accounting Standard
MCA has notified Companies (Accounting Standards) Rules, 2021 on 23rd June, 2021. vide this notification has amended definition of Small and...
Employees’ Deposit Linked Insurance (EDLI) Scheme 1976
Employees’ Deposit Linked Insurance (EDLI) Scheme 1976 If death occurs while in service then maximum assured benefit up to Rs....