Rationalisation of provisions of Minimum Alternate Tax (MAT) in Budget 2021 Section 115JB of the Act provides for MAT at the rate of fifteen per cent of its book profit, in case tax on the total income of a company computed under the provisions of the Act is less than the fifteen per cent of book […]
Download TDS Rate chart for Financial Year 2021-22 Assessment Year 2022-23 In Budget 2021 there has been no changes made in the TDS rates for FY 2020-21 hence the old rates without giving effect of Covid reduction of 25% shall be applicable for FY 2021-22 Rates of TDS applicable for Financial Year 2021-22 or Assessment […]
Increase in safe harbour limit of 10% for home buyers and real estate developers selling such residential units The Budget 2021 has made following changes, Section 43CA of the Act, inter alia, provides that where the consideration declared to be received or accruing as a result of the transfer of land or building or both, […]
The QRMP Option to file in GST was available from 1 Jan 2021 to 31 Jan 2021. Those who has opted for QRPM of filing has two choice of Tax payment which is monthly. Fixed Sum Method Self Assessment Following are step wise process for payment under Fixed Sum Method of QRMP W.e.f. 1st January, […]
