"December, 2019" Archive - Page 5

Corrigendum- CBDT amends Jurisdiction of Principal CITs & CITs

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...

Read More

CBDT amends Income Tax Notification No. 77/2019

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). ...

Read More

What is TDS/TCS

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 […...

Read More
Posted Under: Income Tax |

Annual Return-MGT-7- FAQs

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 […]...

Read More
Posted Under: Income Tax |

New GST Returns- GST RET-1 v/s GST RET-2 v/s GST RET-3

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 […]...

Read More
Posted Under: Income Tax |

Statutory and Tax Compliance Calendar -Year 2020

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 […]...

Read More
Posted Under: Income Tax |

File ITR upto 31st December, 2019 to avoid additional penalty

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....

Read More
Posted Under: Income Tax |

Rule 86A /Central Goods & Services Tax (Ninth Amendment) Rules, 2019

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...

Read More

Last date of filing of CRA-4 (cost audit report) extended to 29.02.2020

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...

Read More

Refunds of only Rs. 3,604 Crores are pending with Customs: CBIC

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...

Read More
Posted Under: Income Tax |

Search Posts by Date

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031