All about TCS on sale of Goods [newly inserted Section 206C(1H)] effective from 01.10.2020 Introduction to TCS (Tax collection at source) Tax Collected at Source (TCS) is the tax payable by a seller which he bills on to the from the buyer at the time of sale and is payable into the Government Treasury on […]
Monthly Archives: September 2020
25
Sep
Sep
A Company is an artificial judicial person created by law having separate legal entity, perpetual succession and limited liability. It is an association of persons having separate legal existence from the persons forming it. Unlike some of the other forms of business enterprises the ownership and management of a company are separated. Shareholders by contributing […]
15
Sep
Sep
Udyam registration provides a simplified platform for the registration of Medium, Small and Micro enterprises. Udyam Registration also known as MSME Registration is nothing but a government registration that is provided along with a recognition certificate and a unique number. This is to certify small/medium businesses or enterprises. The applicant must have a valid Aadhar […]
12
Sep
Sep
Permanent Account Number (PAN) is a unique identification code given by the Income tax department. PAN is essential for various purposes like filing the income tax returns, opening bank account, GST registration, etc. The process of procuring a physical PAN card is lengthy and requires a minimum of 15 days. To overcome these difficulties the […]
05
Sep
Sep
Income under the Income Tax regime are classified under five heads namely Salary, Profits/Gains From Business Profession, Income from House Property, Capital gains and the residual category i.e. Income from other sources. Every income which is not specifically exempt is liable to income tax in the Financial year in which it is received/ accrued. However, […]
