Income Tax Compliance Calendar For June 2022 7 June 2022 – Due date for deposit of Tax deducted/collected for the month of May, 2022. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of …
This facility is available to a PAN holder having net banking account with any of authorised banks. View of Form 26AS is available only if the PAN is mapped to that particular account. The facility is available free of cost. Login to your bank’s internet banking website and click on the option provided to view …
Perform the following steps to view or download the Form-26AS from e-Filing portal: Step-1: Logon to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/ Step-2: Go to the ‘My Account’ menu, click ‘View Form 26AS (Tax Credit)’ link. Step-3: Read the disclaimer, click ‘Confirm’ and the user will be redirected to TDS-CPC Portal. Step-4: In the TDS-CPC Portal, Agree the …
How To View Form 26AS Through Income Tax E-filing Portal Read More »
The US markets were in green last night. The European markets closed higher. This morning the Asian markets are showing mixed trend. The US inflation was at 7%, highest in last 39 years. India’s CPI inflation for December stood at 5.59%. SGX Nifty indicates a positive opening for Indian markets. IT stocks will continue to …
The global markets are showing mixed trends. The US job data disappoints. Omicron cases are rising. However, equity markets are hoping that the Central banks will slow the pace of rate hikes. SGX Nifty indicates a positive opening for the Indian markets. The following stocks are in focus today: Reliance Industries: Company’s wholly-owned subsidiary, Reliance …
TATA consultancy services has curated exclusive opportunities for Arts, Commerce & Science graduates from the 2022 year of passing to apply for exciting careers and make TheBigMove Exceptional performers will be part of TCS’ fastest growing units – Cognitive Business Operations (CBO), Banking and Financial Services and Insurance (BFSI), and Life Sciences in various enriching roles that amplify their career …
TATA consultancy services has curated exclusive opportunities for Arts, Commerce & Science graduates from the 2022 year of passing to apply for exciting careers and make TheBigMove Exceptional performers will be part of TCS’ fastest growing units – Cognitive Business Operations (CBO), Banking and Financial Services and Insurance (BFSI), and Life Sciences in various enriching roles that amplify their career …
TCS Jobs for Arts, Commerce & Science graduates At 4.2 Lakh Salary, Apply Now Read More »
CBDT issues Circular No. 20 of 2021 dated 25th November, 2021 laying down guidelines for Section(s) 194-O, 194-Q & 206C of the Income-tax Act, 1961, to remove difficulties faced by taxpayers & to ease compliance. To Download the Circular, Please Click Here
Weekly performance of Indian Markets: 01/10/21 to 08/10/21 Nifty 50 has started its October journey on a positive note. It gained 363.15 points from 17,532.05 on October 1st to 17,895.20 on October 8th. It is equal to 2.07% rise. Top 5 gainers on Nifty 50 Index: Tata Motors: 14.90% ONGC: 10.05% Titan Co.: 8.99% IndusInd …
This article will help you to solve your problems related to 2 important areas under GST. 1) Concept of TCS and related Provision2) Practical problem/doubts 1) What is TCS? TCS is a tax which is collected by the electronic commerce operator (ECO) from buyer who places an order online and made a payment to online …
DID you KNOW? Concept of TAX COLLECTED AT SOURCE (TCS) and practical issue under GST Read More »
1.The provisions of this sections are applicable with effect from 1st October, 2020. The section provides that in case of sale of goods of the value or aggregate of such value more than Rs 50 lakhs in any PY, (other than the goods being exported out of India or goods covered in 206C (1) or …
Section 206C(1H) of the Income Tax Act 1961 at a Glance Read More »
LATE FILING FEES AND PENALTY FOR FAILURE TO FURNISH/DELAY IN FURNISHING THE TDS/TCS STATEMENTS Before understanding the penalty provisions for failure to furnish the statement of Tax Deducted at Source or statement of Tax Collected as Source (i.e. commonly known as TDS/TCS return) we shall first have a look at the few basic duties of …
Late Filing Fees & Penalty for Late/Non Filing of TDS/TCS Return Read More »
Income tax return, tax audit due date & Other dates extended Circular No. 9 of 2021 F.No.225/49/2021 -ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, Dated 20th May, 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Board of …
[BIG BREAKING] Income Tax Return, Tax Audit Due Date & Other Due Dates Extended Read More »
Tata Consultancy Services (TCS) vetran Samir Seksaria took over as Chief Financial Officer. He replaces V Ramsakrishnan who retired a day earlier. Seksaria started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliances and M&A spin-offs. He moved to corporate finance in 2004 and played a critical …
TCS means Tax Collected at Source (TCS). It is a tax collected by the seller when goods are being sold to the buyer. Section 206 of Income Tax Act 1961 governs the goods on which the Seller has to collect tax from the buyer. Seller whose total sales, gross receipt or turnover from the business …
Roll Out of Annual Information Statement (AIS) in Income Tax Overview : CBDT has notified New Annual Information Statement (AIS) vide Notification No. 30/2020 dated 28.05.2020 which will be in force w.e.f. 1st June, 2020 and thereby replacing Form 26AS. For better understanding, we will look into the following aspects in this article : > …
ROLL OUT OF ANNUAL INFORMATION STATEMENT (AIS) IN INCOME TAX Read More »
Revised Rates of TDS and TCS : As Per “Aatma Nirbhar Economic Package” :- In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has …
REVISED RATES OF TDS AND TCS : AS PER “AATMA NIRBHAR ECONOMIC PACKAGE” Read More »
Section Particulars TDS Rate Individual/ HUF (Indian Resident)(in %) TDS Rate for (NRI) in India (in %) Domestic Company (in %) Other than domestic Company (in %) 192 Payment of salary Normal Slab Rate Normal Slab Rate – – 192A Payment of accumulated balance of Provident fund which is taxable in the hands of an …
ABOUT ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” If you think compliance is expensive, try non‐ compliance” COMPLIANCE REQUIREMENT UNDER : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications …
CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF FEBRUARY, 2020 Read More »
ABOUT THIS ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance Requirement Under : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015 SEBI Takeover …
CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF JANUARY, 2020 Read More »
