Changes in Tax Residency of Indian Citizens and Persons of Indian Origin as per Amended Finance Bill, 2020

The amended Finance Bill, 2020 came into effect from 1st April 2020. Among numerous and vital changes in many provisions of the Act, significant changes have been proposed on the ‘basis of determining the individual’s residency status in India’. The changes will peculiarly affect Indian Citizens and Persons of Indian Origin. In the following composition, the revised […]

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TDS Rates for Dividend

TAXATION OF DIVIDENDS – APPLICABLE TDS RATES

Budget 2020-21 has come up with some considerable changes in various provisions of the Income Tax Act, 1961. One of such provisions, where taxpayers are primarily involved, is the taxation of Dividends. The dividends received up to 31st March 2020 were broadly exempt in the hands of the recipient. However, the company or mutual fund paying the […]

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During and Beyond COVID 19

Internal Audit During and Beyond COVID-19

The impact of COVID-19 on operations and the overall economy could potentially last for months or even years. Looking towards the situation, how extended disruptions have affected the supply chains, productivity, business growth, etc. several key considerations have been set up at the organizational level to anticipate the emerging risks. Intending to survive in this epidemic situation, […]

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GST Services

COVID-19:Some Notified Relief Measures under GST

The World Health Organization (WHO) has already declared COVID-19 a world health emergency. The pandemic crisis is challenging governments across the world to come up with some consolation measures for the people at large affected by this pandemic situation. In India, The Government has issued various relaxation measures across all the domains affected by this pandemic. In […]

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Income Tax Services

COVID-19:Some Notified Relief Measures under Income Tax

This article provides an overview of significant income tax-related relief measures taken by the Government of India to assist the corporate and individual taxpayers in the face of the unique and pressing challenges presented by the current COVID-19 pandemic. Due to the severe impact on the lives of people, considering both health and economic factors, the consequences are […]

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Income Tax Services

Faceless Income Tax Assessment

Faceless Income Tax Assessment:- E-assessment scheme 2019 was introduced to eliminate the interface between the Assessing Officer and the assessee. Now, the assessment proceedings will take place irrespective of jurisdiction. The main feature of the scheme was notified by CBDT vide Notification No. 61 and 62 /2019 dated 12/09/2019.

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Income Tax Services

Time Limit of Processing of Refunds Extended for Assessment Year 2017-18

CBDT has issued order dated 05.08.2019 wherein they have increased the time limit for processing of tax refunds to 31st December 2019 for Assessment Year 2017-18. The intimation under section 143(1) has to be sent up to one year from the end of the financial year in which return is furnished. Due to certain reasons not attributable […]

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Tax-refund

Due Date to File Income Tax Return Extended

Due date of filing of income tax return has been extended by CBDT to 31st August 2019. It applies to those who are required to file their income tax return by 31st July 2019. The date has been extended in view of the changes carried out in Income Tax Return format and the late issue of Form […]

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Payroll Processing Services

Payroll Processing Services

Payroll Processing Services Every business has to process the monthly salary of its employees in an accurate and timely manner. Managing Complete Payroll processing in addition to core business routine can become a tedious job and often results in payroll issues and employee dissatisfaction. Outsourcing Payroll Management services to Vinod Krishna and Associates can assure our clients […]

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Income Tax Services

Income Tax Services

Income Tax Services Vinod Krishna and Associates is known for its Income Tax Services for its clients. Our firm can handle the tax compliance workload of our clients timely and efficient manner. Under the guidance of our ideal CA Vinod Gupta, the renowned tax expert, we can provide the best advice in the field of taxation. With […]

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Audit & Assurance

Audit & Assurance

Audit & Assurance We, at Vinod Krishna & Associates, engage with our clients to ensure adherence to statutory and regulatory requirements, including disclosures under various laws and regulations and provide overall value addition to the organisation. Reviews are undertaken as guided by the statute wherein the effectiveness of internal controls is evaluated to ensuring a risk-mitigated environment. […]

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Accounting and Bookkeeping

Accounting and Bookkeeping Services

Accounting and Bookkeeping Services Bookkeeping Services are our expertise here at Vinod Krishna and Associates. As we know that for Small Business Entrepreneur, usually is involved in its business and does not get enough time to maintain Daily records of finances, raising invoices, and pay taxes on time bound basis. Our Small Business Accounting services come with […]

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GST Services

GST Services

GST Services In India, Goods and Services Tax is leviable when there is a sale of goods or rendering of services. However, there are various thresholds for the registration under GST Law. Since the GST law in India is new and there is a range of amendment through different circulars and notification is carried out on a […]

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Business Registration

Business Registration

Business Registration Services Any business activity comes into existence from its registration. Registration is one of the vital steps linked with the initiation of business. Regardless of the nature of the business, whether it’s manufacturing, trading or of providing services registration process of business must. We at Vinod Krishna and Associates do this critical task for our […]

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LLP Formation and Compliance

LLP Formation and Compliance

If a person wants to have limited liability with fewer compliance formalities, Limited Liability Partnership is a good idea to start the business. It requires registration under the Limited liability Partnership Act, 2008. At Vinod Krishna & Associates, we help you to form the LLP while you focus on your business. We manage the compliances and taxes […]

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Company Formation

Company Formation

Company Formation Services Here at Vinod Krishna and Associates, we have a separate department that helps our clients, especially in Business, set up and company incorporation services in India. Our team of professionals provide timely answers to incorporation and compliance related queries. During the initial stage of any business, we plan to set up a business structure […]

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Company Law Compliance

Company Law Compliance

Compliance under Companies Act, 2013 is now very crucial since defaults under this law attract severe consequences like heavy penalties, prosecutions, etc. The cost of compliance is still lesser than the cost of non-compliance under the Companies Act, 2013. We have a dedicated team for the company law compliances for our client. Our services for the Company […]

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Accounts Outsourcing

Accounts Outsourcing

Accounts Outsourcing In today’s world, it is essential for every businessperson to concentrate on business processes and the return on investment. In today’s scenario of globalisation and technology convergence, the way of doing business has been reconceptualised. Outsourcing of various operations of the business makes more sense to the most of the people. Most organisations and large […]

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Management Consulting

Management Consulting

Management Consulting Management consulting involves helping the organisation to improve its performance in various segments. We at Vinod Krishna & Associates understand the best practices followed in the industry. We provide consulting to improve performance, accelerate growth, increase efficiency and build organisational capabilities. Our team is passionate to deliver their best irrespective of the size of the […]

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Physical Verification of Fixed Assets

Physical Verification of Fixed Assets

Physical verification of assets is an activity conducted by auditors to make sure that the assets recorded in the books of account of an entity actually exist. Verification of Assets is the primary responsibility of the management. It is of enormous importance for every organisation to carry out this process at the end of every financial year. […]

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TDS Compliance

TDS Compliance

TDS Services Both Companies and non-Company clients making specified payments (Specified under India Income Tax Act, 1961) to third parties who are required to deduct tax at source while making these payments. The TDS deducted need to be deposit the same to the bank who acts on behalf of Govt of India for the collection of taxes. […]

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