TCS on Sale of Goods under Section 206C(1H) with FAQs - Tax Guru
WEBDec 19, 2022 · Vide Finance Act, 2020, a new TCS provision was introduced with the insertion of sub-section (1H) to section 206C of the Income Tax Act, 1961.The said provision deals with TCS collection on the sale of goods. The present article briefly provides an analysis of the provisions of TCS on the Sale of Goods; understanding of important …
Income Tax Exemption on prescribed allowances/ benefits - Tax …
WEBApr 22, 2020 · Provisions of section 10 (14) (ii) provide exemption towards the prescribed allowance granted to an employee to meet his personal expenses at either of the below place-. at the place where he ordinarily resides. The amount of exemption is lower of the following-. Limit, as prescribed under rule 2BB (2). Rule 2BB (2) lists down the …
All about Tax Deducted at Source (TDS) - Tax Guru
WEBAug 6, 2018 · The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax …
Financial Statements-Schedule-III – Companies Act, 2013 - Tax Guru
WEBApr 23, 2015 · 4. It is also provided that the financial statements shall be prepared in the form provided in new schedule III of Companies Act, 2013. 5. It may be noted that in the new schedule III the provisions for preparation of balance sheet and statement of profit and loss have been given which are on the same lines as in the existing schedule VI. 6.
Income Tax Rates for FY 2021-22 (AY 2022-23) & FY 2022-23
WEBFeb 4, 2022 · Income Tax Rates of Partnership Firm & LLP for FY 2021-22 & FY 2022-23. Partnership firm (including LLP) is taxable at 30%. Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief …
Best Taxation Courses, Books and e-Books - TaxGuru
WEBTaxguru Consultancy & Online Publication LLP 509, Swapna Siddhi, Akurli Road Near Railway Station, Kandivali (East) Mumbai – 400 101. Phone Number: +91 91709 55555
Complete Tax Solution: Latest Tax News India, Tax Notification
WEBAug 26, 2024 · Latest Tax News & Updates. The website www.taxguru.in is dedicated to providing free updates to professionals in the field of finance and accounting, including Chartered Accountants, Company Secretaries, Tax Professionals, Cost Accountants, and other accounting professionals.
Due-dates for ITR Filing Online for FY 2022-23 - Tax Guru
WEBApr 15, 2023 · For Companies that do not require Audit, the due date for ITR Filing for FY 2022-23 is 31st October 2023. For Companies that require audit, also the due date for ITR filing for FY 2022-23 (AY 2023-24) is 31st October 2023. The due date for Tax Audit Report filing is 30th September 2023.
Income Tax Rates for FY 2020-21 & FY 2021-22 - Tax Guru
WEBFeb 12, 2021 · Note 1: Surcharge and Health & Education Cess as well as Rebate u/s.87A: Same as Rates applicable to Individuals given above Note 2: The option to pay tax at lower rates shall be available only if the total income of assessee is computed without claiming specified exemptions or deductions. 4. Income Tax Rates applicable to Company for FY …
Mandatory Income Tax Return under 7th Proviso to Section 139(1) …
WEBNov 28, 2020 · Please note that Finance (No. 2) Act, 2019 has inserted a new seventh proviso to section 139 (1) of the Income Tax Act, 1961 (‘the IT Act’) w.e.f. 01-04-2020 to provide for mandatory filing of ITR for those people who have certain high-value transactions even though that person is otherwise not required to file a return of income …