Bounce Cheque
Bounce Cheque Where any cheque drawn by a person on an account maintained by him with a banker for payment…
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TCS Highlights
TCS Highlights Nature of Payment Threshold Amount TCS Rates (%) F. Y. 2018-19 Individual / HUF Others Scrap – 1…
Excel in Excel!
Excel in Excel! Ctrl+1 Format cells dialog box Ctrl+2 Bold Ctrl+3 Italic Ctrl+4 Underline Ctrl+5 Strikethrough Ctrl+6 Show/Hide objects Ctrl+7…
PAN mandatory transactions!
PAN is mandatorily required in all the following transactions: Payment of bill to hotel and restaurants one time in cash of…
Important Ratios for Investor
Price-to-Earnings Ratio (P/E) P/E Ratio = Price per Share / Earnings Per Share It is considered as one of the most important ratio…
Applicability of Indian Accounting Standards (Ind –AS)
Voluntary Adoption of Ind AS Financial Reporting Year 2015-16 Any company may follow IND AS for financial statements on a…
Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only at time of reimbursement of bills: ITAT
Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only…
TDS on Sale of Immovable property
The buyer is required to deduct TDS @ 1% on the total consideration under section 194IA of Income Tax Act…
Certificate for lower deduction of TDS
An assessee who wishes to apply for the certificate of no deduction or deduction at lower rate of TDS shall…
No TDS done? Don’t worry about Disallowance of Expenditure.
Tax Deduction at Source (TDS) is an onerous responsibility casted on the payer of income. Non compliance imposes multiple consequences…
Business Compliance Calendar for the month of August – 2018
Business Compliance Calendar for the month of August – 2018 07.08.2018 – Due date for Payment of Tax deducted/Collected (TDS/TCS)…
Filing the return of Deceased Tax payer – procedure for registration of Legal Heir
The process is little cumbersome but there is no other option but to follow the following Steps for Legal Heir Registration…
Claim Unclaimed Dividend !
Claim Unclaimed Dividend! On 5th September 2016, Ministry of Corporate Affairs had notified Investor Education and Protection Fund Authority (Accounting,…
Mr. FM, Please Extend the Due Date !!
Rep 23 - Ext of Due date of ITR of 31.7.18-Ack-CM, CBDT edited_Extension-of-due-date-of-ITR-FINAL Representation for waiver of fee…
Changes in Tax Audit Report – just 2 months before the Due Date !!
Changes in Tax Audit Report appears to be an annual feature now. The painful part is, it is just 2…
No due date extension: CBDT
CIRCULAR No. 4/2018 F. No. 370889/25/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes…
TDS under Section 194H on discount
Section 194H of Income Tax Act 1961 Tax is required to be deducted under section 194H by person paying commission…
