Category Archives: Income Tax

Difference Between Director & Additional Director – Companies Act, 2013

Information on Difference Between Director & Additional Director – Companies Act, 2013.  The supreme government authority dominant the management and affairs of an organization vests within the team of administrators of the corporate, conjointly called its Board of administrators. At the core of the company governance follow is the Board of administrators that oversees however… Read More »

Share This:

Quote DIN on Detailed Communication with Tax Payer – Kerala GST

Quote DIN on Detailed Communication with Tax Payer – Kerala GST Office of the Commissioner of State Tax State merchandise and Services Tax Department, Kerala, Tax Towers, Karamana, Thiruvananthapuram ram Dt.: // 04/08/2020// CIRCULAR No. 8/2020 Subject: Generation and quoting of Document number (DIN) on any communication issued by the officers of the State merchandise… Read More »

Share This:

Residential Status Details Under Income Tax Act,1961 in India

Information on Residential Status Details Under Income Tax Act,1961 in India Introduction The Income Tax Department should confirm the residential standing of taxpayers, despite whether or not they are people or corporations. This info becomes pertinent throughout tax filing season. this can be really one of the most factors that confirm a person’s liability. The… Read More »

Share This:

An Overview of collected Taxes at source under section 206C

Information on – An Overview of collected Taxes at source under section 206C There are on the brink of 32 items of income/payments on that tax are deductible at supply (TDS) and eleven things on that tax have got to be Tax collected at supply (TCS). but this position has currently been modified when the… Read More »

Share This:

7 Actions to be Taken Before 31st March

Information on 7 Actions to be Taken Before 31st March 2021 As we tend to approach the finish of the year, there are tasks that we want to finish by 31st  March 2021. a number of such task includes Submitting the small points of salaries received from the earlier employer, Submit the proof of expenses… Read More »

Share This:

TCS on Goods Sale- FAQs | Section 206C (1H) | Tabular Presentation

Information on TCS on Goods Sale- FAQs | Section 206C (1H) | Tabular Presentation Article explains who is accountable for TDS on product beneath Section 206C(1H), From whom tax shall be collected, temporal order of assortment of TCS, what’s the Definition of products, whether or not Transactions in securities through RSE is susceptible to TCS,… Read More »

Share This:

For Students Taxes on Scholarships/Stipend

Information on For Students Taxes on Scholarships/Stipend There are various scholarships available for students to continue their studies. The schools, Colleges, and colleges provide scholarships to meritable students on the base of their last performance. Some NGOs additionally award scholarships to indigent and poor students to pursue their studies. Some Old Boys Associations additionally award… Read More »

Share This:

Model Financial Statements concerned with Non-Corporate Entities

Model Financial Statements concerned with Non-Corporate Entities With the focus on Non-Corporate Entities and scrutiny thence by numerous regulators, monetary establishments are increasing yearly basis. During this state of affairs in addition to the future, it’s crucial for these Entities to strictly adhere to the varied necessities in law and spirit. Understanding the necessity for… Read More »

Share This:

Declaration Format under Section 206AB of Income Tax Act

Details on Declaration Format under Section 206AB of Income Tax Act With the season of rains, it looks like there’s the season of latest amendments! To capture those into the tax net, who owns assessable and taxable income, except for some or alternative reason, don’t file ITR, Government is introducing a new provision u/s 206AB… Read More »

Share This: