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M.k. Gupta (chartered Accountant)

Latest Posts by M.k. Gupta (chartered Accountant)

Due Date Compliance Calendar July 2024

July 9, 2024 1858098 Views 72 comments Print

Stay updated with the compliance due dates for GST, Income Tax, ESI, and PF Acts. This comprehensive calendar includes important dates for GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, TDS/TCS payment, Advance Tax payment, TDS/TCS certificate issuance, Aadhaar-PAN linking, PF/ESIC payment, and PF return filing.

Budget 2021 Highlights

February 2, 2021 2463 Views 1 comment Print

BUDGET 2021 HIGHLIGHTS OUR VIEWS A. General > MSME sector as this sector is the back bone of the success of the economy & is allocated Rs. 15,700 crore for MSME. But considering the 63 Million MSME in India, this allocation is too low. > Govt; had targeted to disinvest in PSU worth Rs. 1..75 […]

No to current account for customers having CC/OD facilities & its Impact Analysis

August 12, 2020 11034 Views 1 comment Print

1. Now Banks can’t open current accounts for borrowers who have a cash credit account with any other bank. 2. Banks with over 10% exposure can open CC/OD accts; other lenders can have collection accounts; but have to debit money only to CC/OD accounts of banks that have more than 10% exposure to borrower

Form GST PMT 09 to Transfer GST in Electronic Cash ledger

May 3, 2020 3714 Views 0 comment Print

File FORM GST PMT 09, to shift/transfer money available in Electronic Cash ledger, between various major and minor heads of GST Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash ledger and the same can be utilized in settling liabilities of that head only. In […]

COVID -19 outbreak impact on GDP & various sectors in manufacturing /service industry

March 31, 2020 963 Views 0 comment Print

The virus outbreak has become one of the biggest threats to the global economy and financial markets. Being part of the global village India is not immune to the virus. The 21 days Lockdown is announced by PM all over the India on 24th March. While the Government of India, as well as State governments, […]

Extension of due date of filling Income Tax Return for FY 2018-19

July 28, 2019 21507 Views 0 comment Print

Extension of due date of filling Income Tax Return for FY 2018-19 (AY 2019-20) Introduction Due date for filling Income Tax Return for the financial Year 2018-19 (Assessment Year 2019-20) is extended from 31st July 2019 to 31st August 19 by CBDT vide its order under section 119 dated 23rd July 2019. In case Individual taxpayer had […]

Pre-Budget Suggestions for Final Union Budget 2019 under Income Tax Act & GST

June 23, 2019 2124 Views 0 comment Print

EXPECTATIONS FROM FINAL UNION BUDGET 2019 TO SMALL INDUSTRY & COMMON MAN The Union Budget for 2019-20 will be presented in the Lok Sabha on Friday (5th July, 2019) at 11.00 am by newly-appointed Finance Minister Nirmala Sitharman.  Expectations from Union Budget 2019 are as below:- A. Goods & Service Tax (Goods & Simple tax) […]

Government Reduces Rate of ESI Contribution from 6.5% to 4%

June 13, 2019 17529 Views 1 comment Print

The Government of India has taken a historic decision to reduce the rate of contribution under the ESI Act from 6.5% to 4%(employers’ contribution being reduced from 4.75% to 3.25% and employees’ contribution being reduced from 1.75% to 0.75%). Reduced rates will be effective from 01.07.2019.This would benefit 3.6 crore employees and 12.85 lakh employers.

Extension of Last date of filling of Annual Return under Punjab State Development Tax

May 3, 2019 3525 Views 0 comment Print

This is to inform all the concerned that the last date of filing of annual return under rule 11 of Punjab state Development Tax Rules, 2018 for the year 2018-19 has been extended till 30th June, 2019.

CBDT extends due date for linking Aadhaar-PAN till 30th Sep

April 1, 2019 2559 Views 1 comment Print

CBDT extends due date for linking Aadhaar-PAN till 30th Sep; Mandatory to Quote Aadhaar Number while Filing the Return of Income CBDT extends PAN Aadhar number linking deadline FROM 31ST MARCH 2019 to 30th September 2019. It is mandatory to quote Aadhaar in ITR u/s 139AA(1)(ii) . CBDT Notification 31/2019 dated 31st March 2019.  The […]

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