Applicability: This section is applicable w.e.f. October 1, 2020 Rate of TDS: 1% (However for the FY 2020-21 rate is 0.75%) Scope: E- Commerce operator is liable to deduct tax at source (TDS) from payment
Read MoreGSTR-9A for the year 2017-18 and 2018-19 was waived by notification number 47/2019 dated Oct. 09, 2019. But for the year 2019-20 all the taxpayers who have opted for composition scheme need to file GSTR-4
Read MoreQ1. What is MSME? MSME stands for Micro, Small and Medium Enterprise. Q2. What is the difference in Micro, Small and Medium Enterprise? As per the latest classification applicable from 1st July,2020, Enterprises engaged in
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Read MoreThe Finance minister Nirmala Sitharaman announced various measures to ease the burden of the poor who are hit hard by the lockdown due to coronavirus pandemic. Here are list of measures announced today: 1. *Pradhan
Read MoreThe Union finance minister, while addressing the press conference today, announced important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to
Read MoreAll you need to know about section 269SU What is the purpose of the section? In order to encourage digital economy and move to a less-cash economy, a new section has been
Read MoreGovernment has put a ban on Unregulated Deposit Schemes through Unregulated Deposit Schemes Ordinance, 2019. The move in all is an attempt to safeguard gullible investors from yielding in to ponzi and pyramid schemes. Several jewelers incorporated
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