Issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9) of the Income Tax Act, 1961 for FY 2020-21 Due…

Income Tax Act, 1961 (hereinafter referred as ‘Act’) provides various rules and regulation which mandates the collection of Tax at source to prevent the evasion of Tax.…

As you all know, you all are welcome in India to explore the Indian market and get benefitted without committing major resources. You can establish your own…

In a bid to provide ease of living at affordable rent in urban areas, the Central govt. will launch a scheme of building affordable rental housing complexes…

We, at GKKEDIA & CO. , are here to provide all the details you need to know regarding the Registrar of companies (ROC) & Reserve Bank of…

What is Credit Linked Subsidy Scheme. The Government of India launched a scheme that would help the financially- deprived population living in urban areas get a roof…

Rs. 2500 crore EPF Support for Business & Workers for 3 more months Businesses continue to face financial stress as they get back to work after the…

We are G.K. Kedia and Co, and today we are sharing the key takeaways from the recent notifications regarding NBFC, that is made by our hon'ble Union…

On 12th May 2020, Prime Minister Narendra Modi addressed the nation and to solace to the country, announced a whopping relief package of around Rs. 20 lacks…

Here are some key ways that automation can benefits the business processes: Adapt to market demand Automation gives you the scalability and agility to handle changes in…

In a Joint Development Agreement (hereinafter referred to as JDA), land owner contributes his land and enters into an arrangement with the developer to develop and construct…

Reserve Bank of India (RBI) Governor Shaktikanta Das has announced much- needed relief for small and medium- sized financial organizations including NBFCs and MFIs, which have been…

Introduction: In earlier years 2010, 2011, 2014, 2018 MCA has introduced Company Settlement Schemes and now in this year i.e. 2020 it has again with this scheme.…

The world is almost certainly snared in a devastating recession delivered by the coronavirus pandemic. The abrupt halt of commercial activities threatens to impose economic pain, so…

The growing threat of the coronavirus has created a serious risk to supply chains, as manufacturers and retailers face the possibility that suppliers will halt production, and…

The Coronavirus (COVID 19) is spreading in the whole world vastly. This pandemic has curtailed businesses operations across the globe. With restrictions and lockdowns imposed in the…

At first, what do we understand with the term tax planning? Tax Planning is the process of practically application of lncome Tax Act, 1961 provision. In other…

Hello Entrepreneurs, We, at G.K.KEDIA & CO., being the Reliable CA firm in India, are here to provide you all the necessary information you want to know…

Amid looming financial crisis owing to the Covid-19 outbreak and lockdown in the country, the Government of India has been trying its level best to tackle issues…

A notification has been released by the government in context of Foreign Direct Investment Policy for curbing opportunistic takeovers/acquisitions of Indian Company due to current COVID-19 pandemic.…

Over the years, FDI has served to be a critical driver of economic growth. It not only serves as a cheap source of finance (as these do…

In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to lockdown on account of Covid-19…

We, G. K. Kedia & Co., Chartered Accountants are engaged in providing all financial services related to Accounting, Auditing and Assurance, Income Tax, GST, Company Law Matters,…

1. What Is the Difference Between Bookkeeper and Accountant? An accountant looks at a company’s financial big picture. He analyzes, interprets and provides subjective advice based on…

Income Tax, Refund is determined when you have paid excess tax by way of TDS/TCS, Self-Assessment Tax or Advance Tax against your Gross Tax Liability. For Example:…

The Coronavirus (COVID 19) started from a city in China has now spread to around 177 countries all over the world. Due to this widespread, WHO Director…

The Goods and Services Tax has been gradually maturing into a tax that has integrated the country economically. It has consolidated numerous taxes and cesses to one…

Meaning of Chartered Accountant Chartered Accountant means a solution oriented person and a person who is awake in those that sleep, and it refers to professional accountant…

We report on the matters contained in Paragraph 3 of the Companies (Auditor’s Report) Order, 2020 as follows: The company has maintained proper records showing full particulars,…

INCOME TAX RELATED FY 2018-2019 | AY 2019-2020 ITR last date extended to 30th June 2020 Tax payment made till 30Th June- Interest reduced from 12% to…

Narendra Modi ran his government against the then existing government led by the Congress party which had mismanaged the economy, fallen into decision paralysis and faced major…

Finance Minister Smt. Nirmala Sitharaman presented the first Union Budget of the third decade of the 21st century. The Union Government has spearheaded radical fiscal measures to…

GST is introduced by Finance Minister of India on 1st july 2017 . It is called one nation one tax . It is a two tier system…

Income-tax Act, 1961 was brought to tax the income of individuals, Firms, Companies and Association of Person. But in due course of time, corruption entered in the…

Section 87A of Income-tax Act, 1961 gives maximum rebate in Income-tax of Individuals and HUF of Rs 12,500 to those Assessees whose net taxable income does not…

People usually argue that hiring a tax consultant is a wastage of money but on the contrary they can prove to be an asset in your life.…

Quick Requirements to get a Private Limited Company in 5 days Minimum Directors: 2, 1 Indian is must Minimum Promoters/Subscribers: 2 Name of the Company Objects of…

The Income Tax Return Filing is the process of declaring the total income of a person defines under sub clause (31) of clause 2 of Income Tax…

1. ITR-1 (Sahaj) Individual Income Tax Return Not Applicable in case of Non-Residents and not ordinarily resident Not for an individual who is either Director in a…

Delhi is the capital of the Republic of India and also a state for administrative purposes. It is one of the largest metropolises in the country. Delhi…

Taxation The Indian Taxation system has undergone several reforms, provocative business throughout the country and internationally. Presiding over the tax complexity to escalate the value of the…