Income Tax

Rate of TDS for FY 2021-22

Posted on
tdsratesfy2021-22

Applicable Threshold limit as effective from 01/04/2021 from the Financial year 2021- 22 is as under: Section under which TDS is applicable Nature of Payment Cut Off Limit above which TDS is applicable Rate of TDS 192 Salary Income Income Tax Slab As per applicable slab according to old or new tax regime opted by […]

Income Tax

TCS u/s 206C (1G) on various commodities

Posted on
tcs under section 206C (1G)

TCS U/s 206C (1G) on Shares, Commodity contract, Motor Vehicle, Coal, Timber, Road Contract, Electricity, etc TCS is on sale of Goods. If it is not sale of GOODS, then the TCS provision is not at all applicable. TCS is required by the seller whose turnover in the preceding financial year is exceeding Rs. 10 […]

GST

Compliance Calendar: September 2020

Posted on
compliances for the month of September 2020

✅ INCOME TAX FY 2018-19 Extended due date of ITR for AY 2019-20 for all assessee : 30th September 2020 The due date for filing of return of income U/s 139 for the AY 2020-21 has been extended to 30/11/2020. FY 2020-21 ▪️07th September 2020- TDS deducted /TCS collected for the month of August, 2020 […]

MCA

Newly incorporated Companies to automatically get enrollment certificate and registration certificate under the Maharashtra Professional Tax Act, 1975

Posted on

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Ordinance, 2020 (Mah. Ord. XIII of 2020), is hereby published under the authority of the Governor. By order and in the name of the Governor […]