Income Tax News

TDS on Transactions between CTUIL And ISTS

1.Back Ground Facts: XYZ  of India Limited (hereinafter referred as “Querist”) is a company registered under the provisions of Companies Act 2013 vide registration no 56365365xxxxx(CIN. ****** ...
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History of indian currency

Overview The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is ...
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THE CENTRAL GOODS AND SERVICE TAX (AMENDMENT) ACT, 2018

With the approval from the GST council in the meeting held on January 10 2019, the changes made by the CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST ...
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Truth of 115BAC

Budget The Budget 2020 has invented a new tax regime for the individuals and HUFs. Under this regime, a new section is inserted which provides an option for the tax payers to opt a new slab other ...
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Recent Changes in GST, Income Tax and ESIC

GST Outcome of 37th Meeting of the GST Council, Goa held on 20 September, 2019 The GST Council, in its 37th meeting held today at Goa, recommended the following: 1. Relaxation in filing of annual ...
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What happens if you missed the ITR filing by 31st August 2019

Tax & Economy Updates:– The deadline to file income tax return (ITR) for this financial year (FY 2018-19) was extended from July 31 to August 31. Now, if for some reason you still do not ...
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KEY HIGHLIGHTS POINTS OF BUDGET 2019

The Hon’ble Finance Minister has announced the Union Budget 2019 on 5th July 2019. There are various Key points related to Budget 2019. Reduced Tax rate: Lower Corporate tax rate of 25% extended to ...
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Startup India Standup India…

Startup India Standup India Young Indians today have the conviction to venture out on their own and a conducive ecosystem lets them watch their ideas come to life. In today’s environment we have ...
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Memorandum on the problems being faced in relation to New Income Tax Portal

The District Taxation Bar Association (Direct Taxes), Ludhiana has written a Memorandum to Finance Minister Nirmala Sitharaman wherein, they have highlighted 22 problems that are being faced by them ...
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