By taxreco In Accounting Basics
With TDS section 194Q being applicable from Jul1, 2021, TDS shall be applicable to transactions in manufacturing sector. Is the sector ready to handle compliances?
By taxreco In Process Automation
Last week, the Central Board of Direct Taxes (CBDT) extended due dates for compliance, return filings, tax audits, providing significant relief to taxpayers due to the pandemic. It was done well in time to give respite to taxpayers and tax practitioners. Timelines had to be extended