Equalization Levy and Its Compliances?
Equalization Levy (EL) is a tax leviable on consideration received by a non-resident for specified services. Specified Service…
Who is Mandatory Required to File Income Tax Return?
The government requires people to mandatorily file income tax returns (ITRs) to get information about their income and…
Form 16 Issuance to Employees
What is Form 16 Issuance to Employees? Form 16 Issuance to Employees is a certificate that employers issue…
INTERPLAY BETWEEN SECTION 194Q AND 206C(1H)
INTRODUCTION Finance Act, 2020 had introduced provisions relating to TCS on sale of goods u/s 206(1H). Finance Act,…
GST Input Tax Credit Reconciliation
What is input tax credit? The GST input tax credit is the central tax (CGST), state tax (SGST),…
