Quick Summary When to use which ITR form?? ITR 1 (Sahaj) – For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5 thousand (Not for an Individual who is either Director in a […]
New Rules for TDS on Cash Withdrawal w.e.f 1st July 2020 Following entities are liable to deduct the TDS on Cash Withdrawal under Section 194N of Income Tax Act, 1961: 1. Banks (including private or public sector banks) 2. Co-operative banks 3. Post office Applicable to Amount of Cash Withdrawal in Current F/Y Rate of […]
Summary of Various Reliefs provided to Taxpayers in GST Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified vide Notifications 51 to 54/2020 dated 24.06.2020 and Notification No 57/2020-CT dated 30.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this […]
