Table of Content Amount of late fees payable under section 234F of the Income Tax Act Applicability of section 234F of the Income Tax Amount of late fees payable under section 234F of the Income Tax Act Important Points Amount of late fees payable under section 234F of the Income Tax Act As per section 139…

Table of Content All about Online Sellers GST Return Filing Types of Online Sellers GSTR- 8 form for E-Commerce Portals Which GST returns are required to be filed by the online sellers? How to file the GST returns by online seller? How to use the reports to file the GST Some of the recent compliances…

Table of Content Impact of COVID- 19 on businesses and how to mitigate the adverse effects? Below are the certain pointes to be considered Impact of COVID- 19 on businesses and how to mitigate the adverse effects? Hope you and your loved ones are safe and healthy during this major crisis of COVID-19 pandemic. As…

RBI by its latest announcement vide dated 27 April, 2020 releases 50000crore Special Liquidity Facility for Mutual Funds with a view to easing liquidity pressure on Mutual Fund due to the COVID-19 pandemic. Under this Special Liquidity Facility for Mutual Funds RBI will conduct repo operation of 90 days tenure at fixed repo rate. Funds…

Table of Content Audit as per Section 17 of the Co-operative Societies Act , 1912. Special features of co-operative Audit. Form of Audit Report. The co-operative societies Act,1912, a central act, contain fundamental law regarding the formation and working of co-operative societies in India and is applicable in many states with or without amendments. Co-operative…

Table of Content Exemption under Capital Gain Section 54: Transfer of residential house properties Section 54B: Transfer of urban agricultural land Section 54D: Transfer of Land and Building forming part of industrial undertaking Section 54EC: Transfer of long term capital asset being land or building or both Section 54EE: Transfer of any capital assets Section…

In Budget, 2020 finance minister Nirmala Sitaraman has proposed to Insert sec 194-O, where E-commerce Operator like Amazon, Flipkart, Paytm are liable to deduct TDS from payment made to their registered sellers at rate of 1%, at time of credit or payment whichever is earlier. Motive behind this new section is to bring the e-commerce…

Table of Content Benami Transactions : ALL YOU NEED TO KNOW What Is Benami Property What are Benami Transactions Types of Benami Transaction Exceptions – Which transactions are not in ambit of Benami Act Legal Implications of a Benami Transaction Benami Transactions : ALL YOU NEED TO KNOW The Govt of India is taking many…

NGOs are defined as the non-profit making organisations which raises funds from its members or donors or contributors apart from receiving donation of energy, time and skills for achieving social objectives like imparting education, economic assistance to poor, providing medical facilities, managing disasters and emergent situations. The above definition would include religious organisations, voluntary health…

Table of Content What is the reform? Why the reform has been made? Consequences Conclusion What is the reform? Ministry of commerce has recently made amendment in FDI policy of investment with land border sharing countries. Accordingly the referred countries have to take prior permission for making any type of investment in the country. This…

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