Independent Directors

Post author:WhyTax
Post published:December 10, 2021
Post category:Business Law MCA
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Independent Directors An independent director is a non-executive director of a company. A person who does not have any kind of relationship with the company that may affect the independence of his/ her judgment. The…

Commission or Brokerage

Post author:WhyTax
Post published:December 8, 2021
Post category:Income Tax
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Commission or Brokerage- Section 194H As per section 194H, any person except individual & HUF, who is responsible for paying to a resident any income by way of commission or brokerage, shall deduct TDS at…

TDS on Commission on the sale of lottery tickets under section 194G

Post author:WhyTax
Post published:December 5, 2021
Post category:Income Tax
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TDS on Commission on the sale of lottery tickets under section 194G Section 194G requires the person, who is paying any income by way of commission / remuneration / prize on lottery tickets to the…

TDS on Insurance Commission Section 194D

Post author:WhyTax
Post published:December 3, 2021
Post category:Income Tax
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TDS on Insurance Commission Section 194D Any person who responsible for paying to a resident any income by way of the insurance commission, remuneration or reward, whether by way of commission or otherwise, for soliciting…

MCA upcoming Due Dates for December 2021

Post author:WhyTax
Post published:December 1, 2021
Post category:Due Dates MCA
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Due DateApplicable FormApplicable PeriodCompliance Requirement14-12-2021ADT-1FY 2020-21Form ADT 1 filing by Companies31-12-2021Form AOC 4 (CFS, XBRL, Non-XBRL)FY 2020-21Form AOC 4 filing by Companies31-12-2021Form MGT -7AFY 2020-21Applicable to all companies (except OPC and Small companies)31-12-2021Form MGT -7AFY…

GST Calendar for December 2021

Post author:WhyTax
Post published:December 1, 2021
Post category:Due Dates GST
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10-12-2021- GSTR-7 for the month of November, 2021. GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted at source) under GST 10-12-2021- GSTR-8 for the…

Income Tax Calendar December 2021

Post author:WhyTax
Post published:December 1, 2021
Post category:Due Dates Income Tax
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7 December 2021 - Due date for deposit of Tax deducted/collected for the month of November, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the…

Section- 34 of CGST Act- Debit and Credit Note under GST

Post author:WhyTax
Post published:November 26, 2021
Post category:GST
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A. When to issue Credit Note: (i) To decrease value of Supply: The supplier has erroneously declared a value which is more than the actual value of the goods or services provided. (ii) To decrease GST: The…