TCS on sale of motor vehicle-Section 206C(1F)
Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value...
GST update due to Coronavirus
Due to COVID-19 six Notification has been issued on 03rd April 2020. In these notifications many reliefs like waiver of...
TCS in case of Parking lot, Toll plaza, Mining and quarrying
Every person, who grants a lease or a licence or enters into a contract or otherwise transfers any right or...
Section 206C-TCS on sale of scrap etc.
Every person, being a seller shall, at the time of debiting of the amount payable by the buyer to the...
TCS on sale of any goods – Section 206C
In the Finance Act 2020 a new Sub Section 1H of Section 206C has been inserted to expand the Scope...
Section: -194-A (TDS on Interest other than “Interest on securities”)
In the finance bill 2020 there has been widened the scope of TDS to be deducted u/s 194A for Co-operative...
TCS on foreign remittance and selling of overseas tour package
Section 206C of the income tax Act has been amended by Finance Act 2020. Section 206C deals with TCS. A...
Section 271K-Penalty on charitable institution
A new section 271K insert by the finance bill 2020 which impose the penalty on charitable institution. Summary of section...
Section 271AAD: Penalty for False entries Or Omitted entries
A new section 271AAD insert by the finance bill 2020 which impose the penalty for false entry, etc. in books...
Important outcomes from Press Conference dated 24th March 2020
Important outcomes from Press Conference dated 24th March 2020 which is as under. GST/Indirect Tax: Last date for filling GSTR-3B...