competition success review

competition success review

competition success review Published this article page no  97 Other Direct Tax Measures o All pending refunds to charitable trusts and noncorporate businesses professions including proprietorship partnership LLP and Cooperatives shall be issued immediately. o Due date of all incometax return for FY 201920 were also extended. o Period of Vivad se Vishwas Scheme for making payment without additional amount over and above the stipulated tax will be extended to 31st December 2020. Requirements of Conditional transfer  One nation one ration card Aadhaar seeding of all ration cards and installation of Pointofsale machine in all fair price shops.  Ease of Doing Business (EoDB) Districtlevel assessment of EoDB as per DPIIT norms automatic renewal of State industrial and commercial licenses to businesses and making inspections randomized with prior notice and full transparency.  Power Sector Reduce Aggregate Technical & Commercial (ATC) losses Reduce Average Cost of Supply (ACS)Average Revenue Realized (ARR) gap and provide power subsidy to farmers through DBT.  Urban local bodies Notification of property tax floor rates in consonance with circle property rates and notification of water and sewerage charges. TDS vs. TCS  TDS refers to deduction of tax by the payer. E.g. Employer cutting a certain amount as TDS before making salary payment and then paying it to the Income Tax (IT) department. TDS deductions are made on payments including salary rent brokerage professional fees commission interest etc. and are applicable on payments above a specified limit.  On the other hand TCS refers to the tax collected by payee or receiver. E.g. A jeweller selling jewellery would collect TCS and pay it to the IT department. It is applicable on sale of certain goods (barring those used for manufacturing or production) competition success review buy.

competition success review