Overview: In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy,Section 269SU shall come into force with effect from 1st November, 2019. The Central Government proposes to promote electronic modes of payment for the payer for the purposes of Section 269SU. No Bank / System provider …
Brief Introduction:- What is Section 194N?Every person, being-(i) a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);(ii) a co-operative society engaged in carrying on the business of banking; or(iii) a post office who is responsible for …
Section 194M As per the existing provisions of Section 194C and Section 194J, an individual or HUF, who are not liable to tax audit under Section 44AB(a)/44AB(b), shall not be required to deduct tax under the provisions of section 194C & 194J. Due to this many payments made by individuals or HUFs in respect of …
Note- the final hearing has not taken place as on 30.06.2019 *** ‘Quantified’ means a written communication of the amount of duty payable under the indirect tax enactment [Section 121(g)]. Such written communication will include a letter intimating duty demand; or duty liability admitted by the person during enquiry, investigation or audit; or …
The Central Government just recently made changes to the Rules regulating the manner of issuing the tax invoices by issuing Notifications 68/2019 to 72/2019 on 13th December 2019. Here are the key takeaways to note which could change the manner you issue tax invoices. Notification 68 notifies of sub-rules (4), (5) & (6) after sub-rule …
1. GST Press Release Dated 14th November,2019 : Due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 extended to 31 st December 2019. 2.Due dates of filing of kind GSTR-9 (Annual Return) and kind GSTR-9C (Reconciliation Statement) for year 2018-19 to extended thirty one st March …
India is known for many start-ups. We must have noticed that every day some of the other startups get established in our country. Due to globalization, the startup culture is showing a positive trend in recent times. This startup culture is mainly undertaken by those entrepreneurs who are ambitious and want to achieve something in …
If you’re aiming to begin a business in India, the primary & foremost step is to determine the legal presence of your business in India by registering your business by the applicable provisions of firms Act, 2013. As a start-up, you’ve got numerous alternatives to include your business like Sole ownership, Partnership Firm, One Person …
A liability company (LLC) may be a company structure within the United States whereby the homeowners aren’t in person liable for the company’s debts or liabilities. Limited liability firms are hybrid entities that mix the characteristics of an organization with those of a partnership or sole ownership. While the limited liability feature is comparable to that of an organization, the supply of flow-through taxation to the members of an LLC may be a feature of partnerships. Understanding limited liability company (LLCs) Limited liability corporations (LLCs) ar a business structure that’s allowed below state statutes. The rules surrounding LLCs vary from state …
Litigation support services include comprehensive, customizable consultation projects taken on by businesses specializing writing and also the development of personalised electronic databases. Typically, these projects are performed for a business firm or legal skilled, however designing for litigations is important for all firms. Services provided through litigation support partners will include something from document scanning …