Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you […]
Budget 2020 – Suggestion given for removal of GST Audit, Tax Audit
Budget 2020 – Suggestion given for removal of GST Audit, Tax Audit One of the suggestion given by Advocate community for Budget 2020 is that GST Audit and Tax Audit should be abolished. As per the suggestion, India is a digital economy, where Tax Audits and GST Audits cast shadow on our digital economy. Further […]
Non Quoting of Aadhaar or PAN can lead to 20% TDS Deduction
Non Quoting of Aadhaar or PAN can lead to 20% TDS Deduction As per CBDT Circular Number 4/2020, dated 16.01.2020, CBDT has clarified that Employer will deduct 20% TDS in case of Non Quoting of Aadhaar or PAN details. This rule is applicable in case of employee whose salary is more than Exempted Slab. Section […]