One Time Measure to Solve grievances due to Non-Submission of ITR Form for Verification

Circular dated 13 July 2020, provides One-time measure for resolving the grievances of the taxpayers associated with non-filing of ITR-V for earlier Assessment Years and to regularize such returns which…

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Is B2B business require to provide facilities for accepting payments through electronic modes

Is B2B business required to provide facilities for accepting payments through electronic modes section 269SU of the Income-tax Act, 1961 -Refer full article To encourage digital transactions and move towards…

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Clarification in respect of residency under section 6 of the Income tax Act, 1961 due to Covid-19 lockdown

Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to the determination of the residency of a person. The status of an individual, as to whether he…

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Summarised Changes in Statutory and regulatory compliances matter in light of Covid-19 outbreak by Finance Minister Nirmala Sitharaman

Change in compliance related to Company Act Applicability of Companies (Auditor's Report) Order 2020, which was supposed to come in to force from 2019-2020, will now come into force from…

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