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Withdrawing cash and not filing ITR? Now pay TDS on cash withdrawals above Rs 20 lakh
CBDT said the data on cash withdrawal indicated that a huge amount of cash is being withdrawn by the persons who have never filed ITRs...
RBCS Consulting India
Jul 14, 20203 min read
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How much tax you pay on your equity investments?
Investment in equity is an important part of an investor’s portfolio. There are many types of equity related products available in the...
RBCS Consulting India
Jul 14, 20202 min read
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DECLARATIONS FOR AVAILING TDS EXEMPTION ON CASH WITHDRAWALS
As per the provisions of Income Tax Act, Banks are required to deduct TDS @ 2% from the aggregate cash withdrawals exceeding INR 1 Crore...
RBCS Consulting India
Jul 9, 20202 min read
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ICAI: The History #ICAI Foundation Day #CA Day
The genesis of the CA profession can be traced back to the pre-independence days. Back in 1913, the British government in India passed...
RBCS Consulting India
Jul 1, 20202 min read
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Quick Tax-Saving Tips II RBCS Consulting India II Income Tax
Here are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can...
RBCS Consulting India
Jun 25, 20204 min read
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Extra time for submitting Forms 15G, 15H for FY2020-21 to avoid TDS
The extension of validity of Form 15G/ 15H of FY 2019-20 to June 30, 2020, would come as a relief for the individuals who usually have to...
RBCS Consulting India
Jun 23, 20201 min read
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RBCS Consulting India
Jun 21, 20200 min read
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Govt. Provide Facility of filing NIL GST Return in Form GSTR-3B through SMS
Government rolls out facility of filing of NIL GST Return through SMS In a significant move taken by govt. towards  taxpayer...
RBCS Consulting India
Jun 9, 20201 min read
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Reverse Charge Mechanism(RCM) in GST
FAQs Q1. Under the GST Act, the liability or payment of GST is with consignee or consignor? Ans. RCM has been provided in GST law for GTA...
RBCS Consulting India
Jun 1, 20204 min read
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RBI Extends Moratorium on Loans & Credit Card Dues to 31st August-Five Things to Know
If you make a fresh purchase during moratorium period, the interest will start accruing immediately. At the end of it, you will end up...
RBCS Consulting India
May 23, 20202 min read
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INCOME TAX FOR NRI AND HOW INCOME WILL BE TAXED IN INDIA EFFECTIVE FROM FY 2020-21 (AY 20-21)
Among the global pandemic crisis and the expected economic turmoil, the Finance Bill 2020 has been passed by the Parliament with some...
RBCS Consulting India
May 20, 20205 min read
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GST UPDATES
E-invoicing -Exemption to certain class of registered persons & Deferment of its implementation date The Central Government vide...
RBCS Consulting India
May 20, 20205 min read
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About Micro, Small and Medium Enterprises (MSME)
The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation...
RBCS Consulting India
May 17, 20203 min read
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COMPOSITION SCHEME UNDER GST
Opt for Composition Levy (FORM GST CMP-02) 1. Can I opt for the Composition Levy? You can opt for the Composition Levy if you are a...
RBCS Consulting India
May 9, 20204 min read
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Use, Modes, Contents and validity of e-Way Bill
Use of e-Way Bill e-Way Bill is mandatory for Inter-State movement of goods of consignment value exceeding Rs.50,000/- in motorized...
RBCS Consulting India
May 4, 20202 min read
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Ease of Doing Business
Key features of SPICe+ for Greater Ease of Doing Business As part of Government of India’s Ease of Doing Business (EODB) initiatives, the...
RBCS Consulting India
Apr 22, 20203 min read
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How to calculate income tax for FY 2020-21
From FY 2020-21, an individual taxpayer will have an option to choose between existing and new tax regime. In order to know which tax...
RBCS Consulting India
Apr 19, 20204 min read
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For TDS from salary, you will have to choose your tax regime now, says CBDT
CBDT issues Circular C1 of 2020 dated 13.04.2020 clarifying the process of exercising of option by a taxpayer with regard to deduction of...
RBCS Consulting India
Apr 19, 20201 min read
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RBI announced liquidity measures
#IndiaFightsCorona To ease financial stress in the market during the #COVID19pandemic, @RBI Governor @DasShaktikanta announced certain...
RBCS Consulting India
Apr 19, 20201 min read
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As a relief to MSMEs, income tax refunds worth Rs.5,204 crore
As a relief to MSMEs, income tax refunds worth Rs.5,204 crore have been issued by CBDT in the last 10 days to nearly 8.2 lakh small...
RBCS Consulting India
Apr 19, 20201 min read
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