Notification No. 109/2019-Income Tax [S.O.4722 (E)] -
31/12/2019
Notification No. 109/2019- CBDT amends Jurisdiction of Principal CITs and CITs and amends Headquarter of Principal Commissioner of Income-tax/Commissioner of Income-tax, Durgapur and Jalpaiguri. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No. 109/2019 (Income-tax) New Delhi, the 3...
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Corrigendum Notification No. 108/2019-Income Tax [S.O. 4721(E)] -
31/12/2019
CBDt amends Income Tax Notification No. 77/2019 dated:3rd October, 2019 vide Notification No. 108/2019-Income Tax, Dated: 31.12.2019 to Income-tax Officer (ReAC) (Verification Unit)-2(1)(2), Bengaluru instead of Income-tax Officer (ReAC) (Assessment Unit)-2(1)(2), Bengaluru as Income-tax Authority of Regional e-Assessment Centres (ReAC). ...
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WHAT IS TDS/TCS? In case of certain prescribed payment (e.g. interest, commission, brokerage, rent, etc.) the person making payment is required to deduct tax source (TDS) at prescribe rate. Payer is known as deductor and the payee, who receives the net payment is called the deductee. TCS is Tax Collected at Source by seller from […...
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Annual Return is a yearly return filed by every company with ROC every year. Non-filing of this annual compliance has many ramification and legal interventions. The Author has tried to capture few basic FAQs in this article related to Annual Return-MGT-7, which will help the readers to meet the compliance in time and clarity on […]...
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Introduction : Under the new GST return, there will be 1 main form viz. GST RET-1 (Normal), / GST RET-2 (Sahaj)/ GST RET-3 (Sugam) (i.e. the taxpayer will have to file any of the above forms) and two Annexures namely GST Anx-1 & GST Anx-2. Date of Applicability of New GST Returns: 01/04/2020 GST RET-1 […]...
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STATUTORY AND TAX COMPLIANCE CALENDAR – YEAR 2020 Heading on to the new year 2020, you need to fill your calendar with a few important dates. As when it comes to a business and corporate management, compliance refers to the company obeying all of the legal laws and regulations in regards to how they manage […]...
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Rules are getting tough day by day and taxpayers must be active and punctual now to avoid any unnecessary penalties.
The new forms require to disclose much more information about income ranging from break-up of salary to quoting of gross receipts as per GST returns....
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Notification No. 75/2019–Central Tax -
31/12/2019
Central Goods and Services Tax (Ninth Amendment) Rules, 2019 as notified by Notification No. 75/2019–Central Tax dated: 26th December, 2019. Above rules shall come into force on their date of Publication in Official Gazette. In CGST Rules, 2017: With effect from 1/01/2020: 1). Under Rule 36(4): Instead of 20% ITC on invoices reflected i...
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General Circular No. 17/2019 -
30/12/2019
General Circular No. 17/2019- Last date of filing of CRA-4 (cost audit report) for all eligible companies for the Financial Year 2018-19, without payment of additional fee, has been further extended till 29.02.2020. General Circular No. 17/2019 F.No. 52/50/CAB/2019 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A̵...
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Exporters have already been paid IGST refund of over Rs.1.12 lakh Crores and over 83,500 exporters have been benefited by these refunds. This shows that the government’s efforts to fast track refunds under GST especially to exporters are yielding results. Refunds of only Rs. 3,604 Crores are pending with Customs and out of about 185,000...
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