MSRK & Associates

13/09/2021

26/09/2020

TCS on sale applicable from 01st Oct 2020

To widen and deepen the scope of early collection of revenue to the Government, Finance Bill, 2020 brought in levy of TCS (0.1% or 1% in case PAN/Aadhaar not provided by Buyer) on sale of goods for sales consideration exceeding Rs. 50,00,000 during the financial year.

S.206C (1H) Every person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year, other than the goods being exported out of India or goods covered in sub-section (1) or sub-section (1F) or sub-section (1G) shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 0.1 per cent of the sale consideration exceeding fifty lakh rupees as income-tax

MSRK & Associates
Chartered Accountants
New Delhi | NCR | Jaipur

21/08/2020

Vacancy for Article trainee with one of the leading consulting firm in Gurgaon.

Firm name : MSRK & Associates, Chartered Accountants
Profile : Direct and Indirect tax
Location : Sector 17C , near MG road Metro station Gurgaon.

Contact person : CA Lalit Arora
Mobile number : +91 79-88976878

05/02/2020

Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures.

The Key Highlights of Union Budget 2020-21 are as follows:

Three prominent themes of the Budget

 Aspirational India - better standards of living with access to health, education and better jobs for all sections of the society

 Economic Development for all - “Sabka Saath , Sabka Vikas , Sabka Vishwas”.

 Caring Society - both humane and compassionate; Antyodaya as an article of faith.

 Three broad themes are held together by: o Corruption free, policy-driven Good Governance. o Clean and sound financial sector.

 Ease of Living underlined by the three themes of Union Budget 2020-21.

Three components of Aspirational India

 Agriculture, Irrigation, and Rural Development

 Wellness, Water, and Sanitation

 Education and Skills

Best regards,
MSRK & Associates
Chartered Accountants
Delhi NCR || Jaipur