While presenting the Union Budget, 2021 on 1st Feb., 2021, the Finance Minister announced for pre-filling of returns in order to ease the filing of returns. The Budget proposed that details of capital gains from listed securities, dividend income and interest from banks, post office etc.
Read MoreEvery person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year, other than the goods being exported out of India or goods covered in sub-section (1) or sub-section (1F) or sub-section (1G) shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 0.1 per cent of the sale consideration exceeding fifty lakh rupees as income-tax.
Read MoreDisclaimer
The Blogs published in this website are for educational purposes only. It is meant to give you a general information and a general understanding of the topics discussed therein and not to provide you or any person any professional advice thereof. By using this website you understand that there is no professional relationship between you and Mundle Venkatraman and Associates (MVA) or with any of its partners, associates or employees. Any information available on this website should not be used as a substitute for competent professional advice.
American Institute of Certified Public Accountants 
Association of Chartered Certified Accountants 
Chartered Institute of Management Accountants 
Federal Reserve Board of USA 
Indian GST FAQs 
Indian Income Tax 
Information System Audit and Control Association 
Institute of Chartered Accountants of England and Wales