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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Clause 30C and Clause 44 of the Tax Audit Report shall not applicable till 31st March, 2021

Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along…

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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…

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