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22nd July, 2021

Reverse Charge Mechanism (RCM)

RCM or Reverse Charge Mechanism is a concept under which the receiver of the goods or any service is entitled to pay the tax instead of the supplier of goods and services...

15th July, 2021

Compliance Check for Section 206AB & 206CCA

Section 206AB and 206CCA are inserted in the Income-tax Act, 1961 (effective from 1st July 2021). These sections impose a higher TDS/TCS rate on the 'Specified Persons', ...

14th May, 2021

Pre-filling of returns in order to ease the filing of returns

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 pr...