We strongly believe that mandatory Joint Audit for large Companies is essential to improve Independence & audit quality in this challenging macro-economic environment.
We humbly request your goodself to defer the applicability of new TCS levy on sale of goods to April 1, 2021. This would provide adequate time to taxpayers and professionals to integrate the new TCS levy into their IT systems for effective implementation.
In continuation to the reliefs provided earlier under the GST law, we would like to make further suggestions for the changes to be made in GST law.
Representation on Goods and Service Tax (‘GST’) issues and hardships faced by taxpayers on certain issues- Returns should be allowed to be filed without payment of tax.
Representation for relaxation from levy of interest u/s. 234A on payment of self-assessment tax for A.Y. 2020-21 within extended due date of 30 November 2020
Following is the summary of Suggestion /representation on behalf of the taxpayers/professionals in connection with the Direct tax related matter. Detailed reasoning of same is provided in subsequent paragraphs.
Representation for granting general extension of time for holding Annual General Meeting under Companies Act, 2013 for financial year ended March 31, 2020 and other related matters due to lockdown conditions in the Country