The Company Secretaries (Amendment) Regulations 2020 Ministry of Corporate Affairs (MCA) has amended the Company Secretaries Regulations, 1980 which was…
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land…
Govt. Clarification-deeming Indian tax residency provisions as per Budget 2020 not to apply to bonafide workers abroad unless income is…
Amendments made in CGST Act/ IGST Act and GST rates by the Union Budget 2020-21 Amendments carried out in the…
Provisions of Tax Residency in India amended. Days of stay reduced for visiting Indian Citizens/Persons of Indian Origin. Period shortened…
Tax audit turnover threshold limit increased to Rs. 5 crores for business. Due date of furnishing report made 31st October…
Penalty for fake invoice. New Section 271AAD. Penalty for false entry, etc. in books of account With the launch of…
E-scheme for levy of Faceless Income Tax Penalty u/s 274 with dynamic jurisdiction In order to impart greater efficiency, transparency…
Faceless e-appeal scheme for filing of appeals before Commissioner (Appeals). Amendment to section 250 Presently, most of the functions/ processes…
New TDS section 194O introduced to include E-commerce transactions. E-commerce operator to deduct tax for payments to e-commerce participant Union…