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Relief for PPF, Sukanya Samriddhi Yojana account holders! Deposit, withdrawal changes for COVID-19 announced
The government has relaxed the provisions for account holders of PPF, Sukanya Samriddhi Account (SSA) and Recurring Deposits. In view of the lockdown in the country due to COVID-19 pandemic, the...
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Summary of Relief Package recently announced by Indian Government
Within 3 days of 21day Lockdown, Government of India has announced Rs 1.7 lakhs crore relief package for the people hit the hardest due to this under its scheme called “Pradhan Mantri Garib Kalyan Yojana”...
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Extension in date of submission of LFAR (Long Form Audit Report) by one month
RBI today i.e on 12/04/2020 extended the timeline for submission of LFAR (Long Form Audit Report) by the statutory auditors to the banks by one month,July 31, 2020..Long form Audit Report (LFAR) is a...
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The amended EPFO (Amendment) scheme, 2020 has come into force from March 28 2020 to Fight Covid 19.
The ministry has issued a notification in regard to withdrawal an amount from EPFO Account on March 28, 2020 to amend the Employees' Provident Fund Scheme 1952, The labour ministry has allowed the...
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Section 194J T.D.S on Fees for Professional or Technical Services
The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or technical services. Coverage of Section...
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Section 194N T.D.S on cash withdrawal above Rs. 20 lakhs.
Do you know that if you have not filed your Income tax returns for three consecutive Financial years and you have withdrawn more than 20 lakh Rupees in the next financial year then TDS @ 2% would be...
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Income Tax Fast Refund Processing In this Pandemic Covid-19 upto Rs. 5 lakhs
Here comes a sigh of relief amidst this outbreak for the individuals who are facing liquidity issues due to pay cuts or waiting for their salaries to be credited in account for the past month. The...
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New Income Tax Rate for manufacturing companies @ 17.01%
To boost manufacturing in India and to promote SMEs, Government took this initiative of reduced tax rate for manufacturing Company. Let me give you a complete understanding of to whom it is applicable,...