194H: TDS from Commission or Brokerage other than insurance commission Any person who pays any commission or brokerage is liable for Tds u/s 194h since commission or brokerage serves as a source of income but specially excluded insurance commission which tds deducted u/s 194d. Commission or brokerage includes any payment …
Section 192:TDS on Salary • Payer: Any person called as employer • Payee: Income receiver whom income is calculated under salary head called as employee • Tds rate: slab rate covering all deductions, exemption like HRA, LTA, deduction u/s 80c to 80u, any other incomes such as rental income from …
Income tax is a type of tax that the central government charges on the income earned during a financial year by the individuals and businesses. Taxes are sources of revenue for the government. Government utilizes this revenue for developing infrastructure, providing healthcare, education, subsidy to the farmer/agriculture sector and in …
Role of DRC – 01C : Basically this is the intimation form which will be received by the taxpayer when there will be any difference in Input tax Credit as per GSTR-3B and GSTR – 2B (i.e. Taxpayer has claimed excess input tax credit in GSTR -3B in comparison to …
In this article, we shall explore the understanding on improving the business processes. Since it is a multi-dimensional subject and we need to touch upon multiple aspects, the article may go little lengthy or else I will break into few chapters. Here we will broadly explore all such aspects and …
As we all know that currently Department is working on many Business/Departmental Audits for Various Previous Financial Years. And we all know this fact that Financial Statements are plying a very important role in GST Audit. Rather one can say that GST Audit Must be started with the Analysis of …
In General word we can say tax will deduct or cut at the time of source itself i.e. at the time of payment only so here clarify that responsibility for deduct tds is on payer only also called as deductor. a person who deduct tds at the payment to recipient …
ISOs are implemented in today’s most of organizations and companies opt for ISO 9001 (Quality Management System) and 14001 (Environment Management Systems) at a minimum. There are other relevant ISO certification also exist for example ISO 17025, ISO 50001 and so on. The International Organization for Standardization is an international …
Definition and Basic concepts Explanation 2 of Sec 28 of income tax act, 1961 says that a contract for purchase or sale of any commodity, stocks or shares is periodically or ultimately settled, otherwise than by actual delivery covers under speculative business. One of the best example for speculative business …
As we all know that GSTR-9/9C Plays a very important and crucial role while initiating the business Audit. One can say that GSTR 9/9C are the complete Insights of All GST Returns for the relevant period. This webinar will completely based on Technical Analysis of GSTR -9/9C with Department Perspective. …
