July 2021 – Sony C L

Deduction of Tax at Source at a Higher Rate – Sec 206AB

July 30, 2021 CA. SONY C. L. B.Sc.,LL.B.,FCA,DISA,DITL (ICAI) Goods & Service Tax

Introduction of Section 206AB of Income tax Act 1961 effected Deduction of Tax at source at higher percentage from specified persons. Some of the highlights of the Provisions are summarised below. Effective Date: with effect from 1st July 2021. Applicability to Specified Persons:Specified Person – with respect to tax deductions Chapter XVIIB  Not filed…

Flood Cess applicable up to 31st July, 2021

July 26, 2021 CA. SONY C. L. B.Sc.,LL.B.,FCA,DISA,DITL (ICAI) Goods & Service Tax

The Kerala Government has announced that the flood cess would be applicable till 31st July 2021.Government has directed the businesses to make necessary changes in their billing software accordingly.

Month: July 2021