6 Reasons to pay TDS and file TDS returns on time

6 Reasons to pay TDS and file TDS returns on time

Under the provisions of the Income Tax Act 1961, TDS shall be deducted on specified payments such as Salaries, Interest, Dividends, Contractor Payment, Commission and Brokerage, Professional Fee, Rent, etc. The TDS deducted, needs to be deposited with the government...
Challenges Ahead of New Finance Minister In the Budget

Financial Budget FY 2019-20 Indirect Tax Highlights

In her first budget, Nirmala Sitharaman said the government will consider to further simplify the GST process. Changes in Indirect Taxation: 1. Government Recommends Reduction of GST on Electric Vehicles: The government has suggested reducing the GST rate on EVs from...
List of Do’s and Don’ts under GST

List of Do’s and Don’ts under GST

GST was introduced almost two years back in India with the “One Nation One Tax” motto. While most businesses and professionals have synced with this revolutionary tax system. However, there is a list of DO’s and DON’Ts under GST in order to enjoy all the relief that...