Articles

Due date for filing GST annual return and Audit (GST 9 & GSTR 9C) for the Financial year 2018-2019 is further extended to 31st December 2020 from 31st October 2020. The CBIC extended the due dates to file GSTR 9 & 9C by issuing...

TCS on Sale of Goods under section 206C(1H) is effective from 01-10-2020. Subsection 1H has been inserted to Section 206C by the Finance Act, 2020. In this article i have covered a detailed analysis of Section 206C(1H) with the help of FAQ on TCS on sales of...

Section 206C(1H)- TCS on Sale of Goods, which is newly inserted section and is effective from 01-10-2020. This article will cover a detailed analysis of Section 206C(1H): TCS on sales of goods. Introduction to section Section 206C(1H)- TCS on Sale of Goods

Incorporation of Limited Liability Partnership (LLP) Incorporation of Limited Liability Partnership (LLP) is an alternative form of creation of entity that provides limited liability to the partners and having the features of a partnership firm as well as a company. It almost enjoys the...

On 30th July 2020, the Central Board of Indirect Taxes and Customs (CBIC) vide Notification No. 61/2020 introduced the “Schema for E-Invoice” for imposing the e-invoicing. This article "E-Invoicing under GST" will provide information regarding implementation, exemption, needs & benefits of e-Invoicing. Implementation: It will be implemented from 01st October 2020, only for...

While filing an Income tax return (ITR) for AY 2020-21 (FY 2019-20), A new column is appearing in General Information which is "Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income?". Many of you are...

What is GSTR-2B which is being reflected on GST Portal? GSTR-2B has been launched by the government as a move to make advancement in the existing system of GST return filing. GSTR 2B is an auto-drafted statement which contains the details about Input tax...

Synopsis: As a part of Covid-19 relaxation in compliances, Due date to file ITR- Income Tax Return is extended to 31th December 2020 for FY 2019-20 (AY 2020-21) for those taxpayers not liable to Audit under 44AB of the income tax act. Due date for Income Tax...

If blood is money for the Indian economy, the public sector banks make and distribute this blood throughout the system. We are going to discuss and see how we could have used what was happening in the public sector banks to make loads of money, on the...

I'm going to be talking about the taxability of the EIDL and treatment of the PPP and the EIDL in terms of taxes, and also how to account for both of these loan and grant programs in your books. Taxability of the EIDL