TDS & TCS on Non filing of IT Returns

Introduction With the intent to penalise the non-filers of the income tax returns, CBDT introduced new sections, namely, 206AB and 206CCA. Section 206AB (Clause 51 of Finance Bill 2021) Any person who is liable to…

06Jun

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Taxation

TDS on Purchase of Goods – S.194Q

Any person, being a buyer who is responsible for paying any sum to any resident (seller) for purchase of any goods of the value or aggregate of such value exceeding 50 lakh rupees in any…

03Mar

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Taxation

“EPF SUBSIDY SCHEME” (ATMANIRBHAR BHARAT ROZGAR YOJANA)

Objectives The Scheme proposes to incentivize employers, registered with EPFO, for giving employment to new employees and re-employing persons from low wage bracket (<15000) who lost their jobs during COVID-19 pandemic. Validity of Scheme Benefit…

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