The CBDT on Tuesday 1st November, 2022 proposed to introduce a common ITR form merging all existing ITR forms except ITR-7. As per CBDT the new common ITR form will be user friendly. Also CBDT proposed that the income from… Read More
Section 194Q TDS on Purchase of Goods
Section 206C(1H) inserted by the Finance Act, 2020 mandates the tax collection at source by the seller of goods if it exceeds Rs. 50 lacs in any previous year. Similarly section 194Q has been inserted on the similar grounds by… Read More
Applicability of GST under RCM on Renting of Residential Dwelling applicable w.e.f 18th July, 2022
The Government initially exempted the services by way of renting of residential dwelling for the residential purposes through the entry no. 12 of Notification 12/2017 Central Tax Dated 28.06.2017. Eventually the Government has brought an amendment through the Notification no.… Read More