NEW TDS RULES EFFECTIVE FROM TODAY WEDNESDAY JULY’12021 IN INDIA
TDS U/S 206AB OF INCOME TAX ACT, 1961
Everyone is informed that from 1st July 2021, a new rule has come into force in TDS by the Income Tax Department of India. The name of the section is 206AB. Under this rules, the any person or establishment engaged in playing / leasing / hiring of goods carriage is mandatory to fill previous 2 years ITR. i.e.INCOME TAX RETURN (ITR) FOR 2 YEARS TO BE FILLED for the FINANCIAL YEAR 2018-19(ASSESSMENT YEAR 2019-20) AND FINANCIAL YEAR 2019-20 (ASSESSMENT YEAR 2020-21) If the truck owner has not filled INCOME TAX RETURN (ITR) for the last 2 years, then that truck The owner's TDS will be deducted at 5% and the declaration will also not be valid. The declaration will also be considered as variable only if the truck owner's last 2 years INCOME TAX RETURN (ITR) will be filled, otherwise 5% TDS will be deducted in the declaration also. This clause is applicable only if deducted at source in each of these two financial years The aggregate amount of tax paid/collected is Rs.50,000/- or more. Therefore, it is requested to the people that before booking a goods vehicle they must confirm and follow this rule. And how much TDS amount is to be deducted, write in to the freight memo and get the driver signed.
We are giving new declaration for prescribed section as under
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Small Business News Online
Early years the toughest for small businesses
For most small businesses to achieve longevity, they need to continually expect long-term growth. The first few years, however, are often the toughest.
John A. Young. Q.C. reflects on the early days as a pioneer with one of Atlantic Canada’s largest law firms, BOYNECLARKE.
“In professional services, on day one you open up an office and have no clients and no customers. It can be very frustrating. In the first couple of years we were operating, I think some of our staff made more money than we did.”
Tom Boyne opened BOYNECLARKE in 1972, and Young Came onboard in 1975. Young remembers, “We were at 46 Queen St.. above a tailor shop. In my first office, the desk was over a bathtub.”
Since then the firm has gone from employing three lawyers to over 60 — and not one of them is working near a bathtub.
BOYNECLARKE offers a diverse range of services, from Residential Real Estate Services, to Entertainment and Media Law, to Health Law. Lawyers and staff serve on boards and committees that make a difference in the community, including Metro Community Housing Association and the Mental Health Foundation Of Nova Scotia, as well as assisting with fundraising drives and local charitable organizations.
The key to small business growth, Young says, is to never expect to “peak”. “In our case, we’ve grown every year, so we have never peaked. And we continue to grow.. „ If you’re prepared to work and grow, there’s no limit.”
‘ Young admits, however, that the first few years of small business ownership often seem quite bleak.
“The really hard part is, the first few years you don’t seem to have anything — and then you hit a critical mass and it Starts to grow. Because you Will have accumulated enough customers or clients and enough people now know you’re in business.. But it is that first incubation period that’s often difficult for businesses of any kind.”
Contact BOYNECLARKE at:- 902-469-9500 or visit them online at boyneclarke.com
Please find the source link of the content is as under under :-
https://boyneclarke.com/wp-content/uploads/2016/02/Oct-19_JAY_Small-Business-Week-4.jpg
Free business promotion opportunity
If you have a small business in India you can register your business for free into an online directory like www.bahurup.com and get the opportunity to grow your business with their free platform.
How to list business details like phone number address products and services into online directory
Overview
Now a day people are depending on online products and services especially after the pandemic situation when they can’t go out of their house. So they are finding the best online platform to find products and services and try to get them from reliable source. It will be more trustworthy when customer can find things nearby them. Keep in mind all of these things we have presented a categorized online directory www.bahurup.com. Where multiple business and personal needs can be performed and people can register and get their business and personal needs for free however we also have paid packages to get more valuable services though people can go for the free package to get their normal needs. And we always try to give the best value to our members. In this blog we are trying to help people by a step by step guide how to list into the online directory. Let’s see how to list into bahurup.com for free…..
Create your account by signing up
Open the website and create your business or professional page by clicking signup button on the right upper corner in the website’s home page. You can find two forms (Provider and customer) side by side in the signup page. It’s automatically selected the provider page. If you are a service provider or a seller then fill this form carefully by providing your personal and business details. Enter the captcha into the box and click signup.
If you are a customer then select the customer form from the signup page, fill the form carefully and then click signup button.
Follow step by step as under
- Click Signup button on the right upper corner
- Select the form provider or customer by clicking on it
- Fill your personal and business details
- Enter captcha into the given box
- Click signup button.
You will get a popup notification your account will be created and you will redirected to your profile page.
Provide profile information
Fill all details carefully in your ‘my profile’ section like profile picture, service deals, details about your service, service area etc. and click submit information on the top left side of the profile .
- Now upload a profile picture as shown in the picture above
- Check about me section
- Include a tag line in the tag line box
- Write description about your business and profession in the biography section
- Add contact details like mobile no, email, website information if you have a website
- Update address in the address section
- Choose service area by clicking the radius area section
- Select where you can perform your services or deliver your products
- Add your social media connections
- Select your category of service or business
- Select amenities and language
- Insert a video url if you have into the Video url section and click add video
- Click submit information at the top left side as shown in the picture below
Then you have to input your business details and needs from the left side menu of your profile.
Update information into the menu section one by one as your needs. You can setup and include information in my wallet, Earnings & Dues, Qualification, Experience, Certificates, Quotations, Business Hours, Your Services and many things as per your needs. You can also write articles about your business or profession into my profile section by clicking Articles tab. You can proceed with this basic package though you can find the update account tab on the left side menu bar to update your account anytime for the better experience.
Now you have successfully created your profile and ready to promote your business or services. Congratulations, welcome and a big thumbs up to you from Banurup team.