Extension of various time limits under Direct Tax & Benami laws
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought…
KEY OUTCOME OF 40TH GST COUNCIL MEETING
The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union…
Merger of Union Territories of Dadra and Nagar Haveli and Daman and Diu
Merger of Union Territories of Dadra and Nagar Haveli and Daman and Diu w.e.f. 26-01-2020, there arises a need to declare a single State Code for Persons Registered under Goods…
GET YOUR PAN INSTANTLY
Getting a PAN has never been this easy! All you need, is your Aadhaar number. Just visit the e-filing portal of IT Department & follow the steps provided to generate…
Govt gives relief on residency status to NRIs/foreign visitors whose stay in India got prolonged due to lockdown. Prolonged stay in India to be discounted.
Section 6 of the Income-tax Act, 1961 (“The Act”) contains provisions relating to the residency of a person. The status of an individual as to whether he is resident in…
Annual Return and Reconciliation Statement for the Financial Year 2018-19 till 30th September, 2020.
Notification No. 41/2020-Central Tax issued to extend the time limit for furnishing of Annual Return and Reconciliation Statement for the Financial Year 2018-19 till 30th September, 2020.
PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS
Sl.No Issue description Period/Days of Extension 1 Names reserved for 20 days for newcompany incorporation. SPICe+ Part Bneeds to be filed within 20 days ofname reservation. Names expiring any day…
Relief provided to Taxpayers in view of COVID19 outbreak
Relief provided to Taxpayers in view of #COVID19 outbreak Filing Form GSTR-3B by normal taxpayers with aggregate turnover upto Rs.1.5 Cr in previous Financial Year. YouTube Link: https://t.co/0XOAaIrDn1
CBDT takes further steps to ease compliance for taxpayers due to COVID-19 pandemic. Section 44AB of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along…