by Dinesh Batra | Jun 4, 2020 | Legal and Tax Compliance
The government has reduced TDS and TCS rates for interest, dividend, rent payments and other non-salaried payments by 25 % with effect from May 14, 2020 for the current financial year in order to provide some relief to businesses helping them fight back and revive...
by Dinesh Batra | Jun 3, 2020 | Legal and Tax Compliance
CBDT has notified income tax forms for the assessment year 2020-21 (i.e. Financial year 2019-20) vide Notification No. 31/2020-Income Tax, dated 29th May, 2020. The new ITR forms require taxpayers to furnish details of specified high-spend transactions, such as...
by Dinesh Batra | Jun 2, 2020 | Foreign Direct Investment
The result of the novel coronavirus pandemic on the global economy is something beyond comprehension until countries, including India, come out of lockdown mode. In a move which is being received with enthusiasm for the most part in India amid fears of takeovers of...
by Dinesh Batra | Jun 1, 2020 | Legal and Tax Compliance
Form 26AS will now be a complete profile of the taxpayer w.e.f. 01.06.2020 CBDT vide Notification dated May 28, 2020 amended Form 26AS in Sec 285BB w.e.f. 01.06.2020. Key takeaways are: New form 26AS will provide information in respect of “Specified financial...
by Dinesh Batra | May 30, 2020 | Goods And Services Tax
The world, as a whole, is on a lockdown currently due to the exceptional situation regarding public health and safety caused by the Coronavirus (COVID-19) pandemic. The Ministry of Corporate Affairs, in order to ease matters for the companies, recently announced a new...
