Tax Consult

big boss

How to check whether a person is filing ITR or not for TDS or TCS deduction

  How to check whether a person is filing ITR or not ? Background Via Finance Act 2021, Section 206AB and 206CCA are inserted in the Income-tax Act, 1961 (effective from 1st July 2021). These sections impose a higher TDS/TCS rate on the “Specified Persons”, as defined in the new sections. In view of the

How to check whether a person is filing ITR or not for TDS or TCS deduction Read More »

Share it:

Government announces inclusion of Retail and Wholesale trades as MSMEs

Retail and wholesale trade were left out of the ambit of MSME. Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending under RBI guidelines. The revised guidelines will benefit 2.5 Cr Retail and Wholesale Traders. Minister of MSME

Government announces inclusion of Retail and Wholesale trades as MSMEs Read More »

Share it:

What is Formula 72 : जो चुटकी में बता देगा आपका पैसा कितने दिन में होगा डबल

What is Formula 72: हर कोई ऐसा निवेश करना चाहता है, जहां अधिक से अधिक रिटर्न मिले। हालांकि, कुछ लोग रिटर्न (How to understand return on investment) को अच्छे से समझ नहीं पाते हैं। ऐसे में आपको परेशान होने की जरूरत नहीं है। आप एक छोटे से फॉर्मूले के जरिए जान सकते हैं कि कितने

What is Formula 72 : जो चुटकी में बता देगा आपका पैसा कितने दिन में होगा डबल Read More »

Share it:

Form GSTR-9 – Annual Return & Its Auditing

Part / Table wise Reporting in Annual Return This form was divided in to 6 Parts and tax payers were expected to report the whole year activities into 19 tables. Sr. No. Details required to be filled Part-I Basic Details Part-II Details of Outward and Inward supplies (RCM) declared during the F.Y. Part-III Details of

Form GSTR-9 – Annual Return & Its Auditing Read More »

Share it:

Neither goods nor services & thus NO GST -NEGATIVE LIST (Schedule III)

NEGATIVE LIST [Sec 7(2) + Schedule III] Neither goods nor services & thus NO GST. Services provided by Employee to Employer in course of or in relation to his employment  Service provided by Casual Workers (daily basis) who are employed by employer  treated as services provided by worker in course of employment &

Neither goods nor services & thus NO GST -NEGATIVE LIST (Schedule III) Read More »

Share it:
WhatsApp chat