Compliance Solution shares insights
from Tax Partners and Industry leaders
on evolving tax and policy change and
economic developments, to gear-up the
businesses and tax professionals.
Our
articles are a blend of researched
opinion articles, trend analysis and
global tax updates, enabling the
reader to gear-up for the change and
analyze its impact on their role as
tax professionals.
Income Tax DEFAULTERS ALERT! Department introduces Section...
The Income Tax department has announced a new functionality on its tax portal regarding the use of functionality...
Decoded TCS- Section 206C(1H) & TDS- Section 194Q
Section 206C(1H): TCS on Sale of Goods Exceeding Rs 50 Lakhs. The new provisions of TCS have come into force with effect from 1 October 2020...
All Key Decisions of 43rd GST Council Meeting on Covid Supplies, Amnesty Scheme & Annual Returns
The 43rd GST council meeting was held via video conferencing in New Delhi with other states finance ministers...
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST
The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing...
High Value Transactions that can attract I-T Notice
One needs to remain alert while doing any kind of high value cash transaction because the Income Tax Department has become highly vigilant about the cash transactions...
GST on Rent on Residential Property
The dynamics of renting residential property under GST will change from 18th July 2022. The decision to bring the renting of residential dwellings under the tax net was taken in the 47th GST Council Meeting.
OLD vs NEW TAX REGIME
The Budget 2020 introduced a new tax regime under section 115BAC giving an option to Individuals and HUF Taxpayers to pay income tax at lower rates...
Revised Time Limits for Various Compliances under the Income-tax and GST Act.
The Central Board of Indirect Taxes & Customs (CBIC) introduced Quarterly Return Filing and Monthly...