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Tax Guru

30 October 2020
Tax Guru   Dr. Suresh Surana, founder, RSM India, answers readers' queries on various issues pertaining to taxes that need to be paid by the jewellers in AOJ, October 2020 issue.

Changing Role and Responsibility of CFOs – A Checklist

30 October 2020
Changing Role and Responsibility of CFOs – A Checklist Covid-19 and the impact on businesses has increased the responsibilities of CFOs manifold due to the heightened risk of corporate failures, defaults in meeting financial and statutory...

Filing Tax Returns

24 October 2020
Filing Tax Returns   With the deadline for filing income tax returns (ITR) approaching, Business Today takes a look at the significant changes in the process this year. Dr. Suresh Surana, Founder, RSM India, discusses options for the individual...

New tax regime doesn't allow LTC cash voucher tax benefit: Experts

24 October 2020
New tax regime doesn't allow LTC cash voucher tax benefit: Experts The government had on Monday announced an LTC cash voucher scheme, in Economic Times, Dr. Suresh Surana, Founder, RSM India, explains why the scheme offers an alternate opportunity...

Will Sebi’s New Norms For Debenture Trustees Benefit Investors?

24 October 2020
Will Sebi’s New Norms For Debenture Trustees Benefit Investors?   As per the new norms for Debenture Trustees (DT) issued by Securities and Exchange Board of India (Sebi) on October 13, 2020, there would be a process to be followed during default by...

Stimulus Package, With Conditions Apply

24 October 2020
Stimulus Package, With Conditions Apply   The government had on Monday announced an LTC cash voucher scheme, which allows full payment of leave encashment along with tax free fare payment by government employees

Reviving Indian Economy - Bold Tax Measures Required

14 October 2020
Reviving Indian Economy - Bold Tax Measures Required   The government has acted decisively to counter both Covid 19 crisis and protecting national sovereignty but needs to act similarly on the economic front. In this backdrop, what should be India’s...

Cash in lieu of LTC to provide part reimbursement, tax benefits on spending by employees

14 October 2020
Cash in lieu of LTC to provide part reimbursement, tax benefits on spending by employees   Is the LTC Cash Voucher Scheme creating a demand pool for the beaten down sectors? Dr. Suresh Surana, Founder, RSM India, explains what the scheme entails, in...

Tax returns: Made high-value transactions or large investments? The new Form 26AS captures it all

14 October 2020
Tax returns: Made high-value transactions or large investments? The new Form 26AS captures it all   Before you start your return filing process, go through Form 26AS to verify the tax deducted from your income. This year, a new format with details...

Imposition of TDS/TCS: What would be the impact on online transactions?

14 October 2020
Imposition of TDS/TCS: What would be the impact on online transactions?   From 1 October 2020, section 194-O has also been introduced under the I-T act, which imposes 1% concession tax on e-commerce transactions and 5% in absence of PAN card and...

Lower tax collected at source rate on funds remitted for education

14 October 2020
Lower tax collected at source rate on funds remitted for education   Dr. Suresh Surana, Founder, RSM India talks about the new Income-tax (I-T) rule on foreign exchange transactions that has come into effect from October 1, through the Finance Act...

TCS on education loan makes getting a foreign degree more expensive

14 October 2020
TCS on education loan makes getting a foreign degree more expensive   The overall cost of pursuing foreign education shall increase for students due to the applicability of TCS. Apart from foreign education, the TCS rule will make foreign tour...

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