2020

Posted by | October 16, 2020
Presumptive Taxation – Easiest way to File Return & Save Tax for Professionals

If you have income from business or profession and if your taxable income includes such income from business or profession, you need to keep and maintain the accounts and records...

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Posted by | October 9, 2020
Do you have 10 or more employees? If yes, you now need to register under this Labor Law effective October 1 and going forward meet the related periodic compliances.

The Government of Maharashtra in consultation with ESIC and with the approval of Central Government has extended the scope of the ESI Act. Major labour laws which are applicable to...

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Posted by | October 2, 2020
TCS (Tax Collected at Source) – New Income Tax Compliance w.e.f 01.10.2020

The new TCS provisions is applicable from October 1, 2020. In our previous blog dated August 21, 2020 we had provided a brief analysis of applicability of TCS where the...

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Posted by | September 25, 2020
Faceless Assessment – New era in Tax Administration

For the past few years, the government has been taking several measures to bring in transformation in both direct and indirect taxes. The objective has been to create a taxpayer-friendly...

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Posted by | September 18, 2020
Is TDS applicable on Payment to Foreign Companies for Secondment of Employees to India?

Taxability in case of a deputation or secondment arrangement has always been a subject matter of discussion and litigation. Largely, there could be 2 types of arrangements: A Foreign entity...

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Posted by | September 11, 2020
Now banks, post offices can check your ITR filing status

CBDT has issued functionality vide order dated 31 st August 2020, From now on, taxpayers can no longer remain non-compliant as banks and post offices can access the ITR filing...

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Posted by | September 4, 2020
Is an extension provided for holding an AGM by the MCA due to the Covid-19 pandemic?

The Ministry of Corporate Affairs (MCA) has given a clarification vide circular no.18/20 giving relaxation for holding through Video Conferencing or other Audio Visual Means (OAVM). The article below provides...

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Posted by | August 28, 2020
Transparent Taxation — Honoring the Honest

‘Transparent Taxation’ platform was launched by PM Narendra Modi on 13th August 2020 via video conference to encourage sincere taxpayers. The platform aims to remove any physical interface between the...

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Posted by | August 21, 2020
Must read if your annual sales turnover is more than Rs. 10 crores

What’s the provision: Effective from October 01,2020 a seller is required to collect additional 0.1% of sales value towards tax collected at source commonly known as (TCS) from a buyer...

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Posted by | August 14, 2020
Digital Workplace Transformation – Make Anywhere an Office and digital restructuring in Accounting

Modern technology has resulted in tremendous growth in the workplace transformation market 2020. The human resources and the IT department’s technology in various enterprises are collaborating to provide a workspace...

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