Return of 1/6 Scheme for compulsory filing of returns on entering high value transactions Finance Act, 2005, had introduced one by six scheme requiring  compulsory filing of return on meeting any of the six criterion. However, the Presently, a person (ither than a company/firm) entering into certain high …

For TDS u/s 194IA consideration to include charges for all amenities Section 194-IA of the Act relates to payment on transfer of certain immovable property other than agricultural land and provides for levy of TDS at the rate of one per cent. on the amount of consideration paid …

TDS to be deducted by Individual/HUF u/s 194M on payment exceeding 50 lakhs to contractors and professionals even for personal work w.e.f. 01.09.2019 At present, under Income Tax Act, there is no provision placing a liability on an individual or Hindu undivided family (HUF) to deduct tax at …

Key Highlights of Income tax/GST proposals of Union Budget 2019-20  Union Finance Minister Nirmala Sitharaman shall present Union Budget-2019 at Parliament on 5th July 2019. Watch Union Budget 2019-20 live Key highlights of income tax proposals of Union Budget 2019-20 Income Tax Proposals 1. Finmin thanks to the …

Value of goods lying at port but not exported can be at cost or market price at the option and regular practice of the assessee. SC dismisses SLP of the Revenue ABCAUS Case Law Citation:ABCAUS 3047 (2019) (07) SC The Revenue had challenged the order of the Tribunal …

Key Highlights of Economic Survey 2018-19 tabled in the Parliament today The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today Key Highlights of Economic Survey 2018-19 The Key Highlights of Economic Survey 2018-19 are as follows: Shifting …