Jul 242019

FAQ on declaration of dividend by companies Q: Is it mandatory for a company to declare dividend? A: No, it is not mandatory for a company to declare dividend. Q: In case a company declares dividend, what shall be the [Read More]

Jul 242019

Due date of Filing of Income Tax Return for Asst. Year 2019-20 has been extended from 31 July 2019 to 31 August 2019 in respect of certain categories of tax payers who were liable to file their returns  by 31st [Read More]

Jul 182019

Tax Deduction at Source (TDS) on payment by Individual/HUF to contractors and professionals Proposals under Finance Bills 2019: Clause 46. After section 194LD of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of [Read More]

Jul 132019

Amendments proposed in budget 2019 The major amendments proposed in budget 2019 with impact on future assessments are listed below: Issue Before Budget 2019 After Budget 2019 Impact Analysis TDS by certain individuals or HUF for payment made to contractor [Read More]