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NO EXTENSION OF FINANCIAL YEAR : CLARIFIES FINANCE MINISTRY

NO EXTENSION OF FINANCIAL YEAR : CLARIFIES FINANCE MINISTRY

by taxconcept | Mar 31, 2020 | COMPANY LAW, GST, INCOME TAX

No extension of the Financial Year : There is a fake news circulating in some section of media that the financial year has been extended. A notification issued by Govt of India on 30.03.2020 with respect to some other amendments done in Indian Stamp Act is being...
TDS ON YEAR END PROVISIONS

TDS ON YEAR END PROVISIONS

by taxconcept | Mar 30, 2020 | INCOME TAX

As per Income Tax Act ; TDS is to be deducted when the payment is made or when the amount is credited in the Books, whichever is earlier. So, The TDS Provisions are very clear that if any amount of Expense is charged to Profit & Loss account which attracts TDS...

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