CBDT has extended the due dates vide Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated 24.06.2020 Crux :- 1) ITR for FY 2018-19 = 31st July 2020 2) ITR for FY 2019-20 = 30th Nov 2020 3) Tax Audit Report FY 2019-20 = 31st Oct 2020 4) Self Assessment Tax liability ≤ Rs. 1,00,000 = 30th Nov […]
Being conservative professionals, many CAs have not taken loans and so, they are not eligible for any additional loans under Atmanirbhar package. We had repeatedly highlighted this issue to you since last couple of months with a request to make arrangements to offer fees relief to all CAs besides financial assistance through banks.
Globe is evidencing an unprecedented health hazard in the form of this pandemic. All economies of the world have bowed down on knees. Role of China is being viewed in suspicion. At this time, India can be a favored destination for converting to next manufacturing hub for the world.
CBDT desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respect of all eligible assesses under Vivad Se Vishwas Scheme is taken up on priority and completed by 31st August 2020. Also Read- CBDT directs all CIT(A) to dispose at least 80 appeals […]
CBDT directs all CIT (Appeal) that appeals are required to be disposed of through e-appeal proceedings by sending the communication through the e-filing portal and or through emails only. it directs that All pending appeals filed on or before 31.03.2016 to be taken up immediately and all smaller appeals with tax effect up to Rs. […]
To utilize the valuable information available to the department in the form of Tax Evasion Petitions (TEPs) and to prevent harassment of the taxpayers, Board has decided that they should be handled with the help of technology in a centralized manner. All pending TEPs, of whichever category with any officer, is to be transferred to […]
CBDT Chairman has instructed the department to Disposal of all pending applications as on 30.06.2020 for nil or lower deduction TDS/TCS certificates u/s 197 and 206C(9) by 31.08.2020 and dispose all Fresh Applications Within one month of the receipt of the application. Also Read- CBDT prioritise Vivad Se Vishwas Scheme case of demand & Refund […]
On 26th June, the Central Board of Direct Taxes (CBDT) has made certain changes in Income Tax Rules vide Notification No. 38/2020-Income Tax related to Perquisites & Allowances to Taxpayer opting Lower Tax Rate Option- Section 115BAC. Now, as per the new income tax regime 2020-21, the employees will be eligible to claim the exemption in taxes […]
As per notification no. 57/2020-Central Tax,dated 30-06-2020,if the taxpayer who fail to furnish the return for the period of February 2020, to July 2020 but furnish the said return till 30th September 2020 the the late fees will be capped to Rs 500 (i.e Rs 250 CGST and Rs 250 SGST) per return
CBIC has clarified on its twitter handle that Representations have been received on non-availability and extension of date of FORM GSTR-4 for FY 2019-20 on the GST portal. The matter of extension of date of GSTR-4 for FY 2019-2020 is under consideration by the GST Implementation Committee. CBIC has tagged in its tweet Office of […]
