CA ALOK KUMAR, Author at CA ALOK KUMAR

PF Organisation Special Recovery Initiative

By CA ALOK KUMAR November 11, 2023Income Tax Act 1961No Comments

EPFO's Special Recovery Initiative from December 2023 to February 2024. Overview:Responding to the persistent challenge of delayed recovery of dues from subscribers, the Employees’ Provident Fund Organisation (EPFO) is launching…

Process to get TDS Lower deduction U/s 197

By CA ALOK KUMAR November 11, 2023Income Tax Act 1961No Comments

Procedure for Applying for Lower Deduction Certificate under Section 197 of the Income Tax Act, 1961 Registration on TRACES: Access the official website: https://contents.tdscpc.gov.in/. Click on the "Login" option and…

Revised DPIIT Approval Process for Entities from Land Border Sharing Countries

By CA ALOK KUMAR November 11, 2023Income Tax Act 1961No Comments

This document elucidates the recent modifications to the DPIIT Approval process applicable to entities from countries sharing a land border with India. The Government of India, in its ongoing commitment…

How to Check TCS on Forex Transactions and Foreign Travel

By CA ALOK KUMAR October 10, 2023AIS, Annual Information Statement, Annual Information Statement (AIS), Foreign Travel, Forex Transactions, Form 26AS, Form 27D, Income Tax Act 1961, Tax Collected at Source, Tax Deducted at Source, Tax Information Statement, TCS CertificateNo Comments

Starting from October 1, 2023, a Tax Collected at Source (TCS) rate of 20% will be imposed on all foreign payments, except those related to medical and educational expenses. This…

Clarifications on various TDS provisions

By CA ALOK KUMAR October 9, 2023Finance Acts, Income Tax Act 1961No Comments

Clarifications on various provisions relating to tax deduction at source regarding changes introduced through Finance Act, 1995 Income Tax Acts The Finance Act, 1995, has enlarged the scope of income-tax…

Input Tax Credit (ITC) on Corporate Social Responsibilities (CSR)

By CA ALOK KUMAR October 4, 2023Income Tax Act 1961No Comments

GST ITC on CSR Expenditure

31 Lakhs Audit Reports Filed till Sep 23

By CA ALOK KUMAR October 3, 2023Income Tax Act 1961No Comments

More than 30 lakh Audit Reports filed on Income Tax Department’s e-filing portal till 30th September, 2023 More than 30.75 lakh audit reports, including about 29.5 lakh Tax Audit Reports have…