During announcing “Tax Relief Package on account of Covid 19 Crises”, Finance Minister has announced one time waiver scheme for all defaulter companies and LLPs. As per this scheme, Ministry of corporate affair will provide waiver from late fee...
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Honourable Finance Minister has announced various reliefs from certain statutory compliance on account on Covid 19 Pandemic. Below is the list of relief/exemptions granted by Finance Ministry on 24 March 2020: Income Tax Updates: Income Tax Return (ITR) due...
Prior to implementation of GST, Educational services were exempt under Service Tax Regime. With the implementation of GST, Educational Sector needs to be re-assessed with taxability. Primarily Educational Services are seems to be exempt however critical analysis needs to...
What is Repo Rate: Repo rate stands for repurchase rate and such rate is being used by central bank of any country to lend money for shorter period of time to other banks of same country. This is effective...
Vivad se Vishwas scheme was announced in Union Budget 2020 to resolve the pending litigation under Income Tax Act. Vivad se Vishwas was introduced in form of “Vivad se Vishwas Bill 2020” and such bill become Vivad se Vishwas...