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The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To prohibit any grants from abroad being made to organisations that involve ‘public servants’, or in other words, any organisation that is “controlled or owned” by the government.

Dt.- October 6, 2020

The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To prohibit the transfer of grants received under FCRA to any other person or organisation.

Dt.- October 6, 2020

The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To lower the cap on administrative expenses that can be funded by FCRA funds from 50% to 20%.

Dt.- October 6, 2020

The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To expand the power of the Ministry of Home Affairs, GoI to cancel FCRA certificate for more than 180 days.

Dt.- October 6, 2020

The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To make Aadhaar mandatory for persons who control recipient organisations.

Dt.- October 6, 2020

The central objectives of the latest amendment proposed in the FCRA, 2010 are the following:

To stipulate that foreign grants can only be received at the State Bank of India at New Delhi.

Dt.- October 6, 2020

From the 1st January onwards, the taxpayers whose annual turnover is less than Rs 5 Crores will not be required to file monthly returns i.e. GSTR 3B and GSTR1. They will only file quarterly returns: Finance Secretary Ajay Bhushan Pandey at the 42nd GST Council meeting

Dt.- October 6, 2020

On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020. Order u/s 119(2a) issued.

Dt.- October 3, 2020

After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020.

Dt.- October 3, 2020

One-time relaxation for Verification of Income-tax Returns by EVC/ITR-V for Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-verification.
Please note that the e-verification must be completed by 30-SEP-2020.

Dt.- September 23, 2020

Late Fees Reduction (GSTR-4 and GSTR-10):**

Late fees for delay in filing of GSTR-4 (Quarterly) for the period from July, 17 to March, 20 has been reduced to “Nil” (for Nil Returns) and INR 500 maximum (for Returns with supplies).

Dt.- September 23, 2020

Late Fees Reduction (GSTR-4 and GSTR-10):**

Late fees for delay in filing of GSTR-10 (Final Return) has been reduced to INR 500 maximum.

**NN 67 & 68 (CT) dated 21.09.2020.

Dt.- September 23, 2020

Due date of AGM of Company for the FY 2019-20 has been extended upto 3 month from its due date for all the companies without any GNL -1.

Dt.- September 9, 2020

Due date for payment of second instalment of Advance Tax for F.Y. 2020-21 is 15.09.2020. Pay on time and avoid interest.- ITDEPT

Dt.- September 9, 2020

The Central Board of Indirect Taxes and Customs (CBIC) in a tweet said, “Last date GSTR 4 for FY 2019-20 extended to 31st October 2020”. Goods and services Tax (GST) composition scheme can be opted by any taxpayer whose turnover is up to Rs 1.5 crore.

Dt.- September 2, 2020

Section 115BAA-22% Tax Scheme (Considerable Points):

1. Additional depreciation u/s 32(1)(iia) will not be allowed to opting companies.
2. Losses in relation to “weighted deductions” such as Specified Business, Scientific Research etc. will be lapsed.

Dt.- August 26, 2020

Section 115BAA-22% Tax Scheme (Considerable Points):

1. Opting Companies need to file From 10-IC on the portal to opt this scheme. Otherwise, normal provisions will apply.
2. MAT will be not applicable on opting companies and balance and balance of MAT Credit will get lapsed once you opt for this scheme. So, carefully compare this scheme with normal taxation system.

Dt.- August 26, 2020

AGM Due Dates:

1.Companies formed between 01.01.2019 to 31.03.2019: AGM due date is 31.12.2020
2. Companies formed between 01.01.2020 to 31.03.2020: AGM due date is 31.12.2021

Dt.- August 26, 2020

AGM Due Dates:

1. One Person Company: No need to hold AGM
2. All other Companies: AGM due date is 30.09.2020

Dt.- August 26, 2020

The due date for submission of FLA for the year 2019-20 is extended to August 14, 2020.

Dt.- August 6, 2020

In view of the constraints due to the Covid pandemic & to further ease compliance for taxpayers, CBDT extends the Due Date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from 31st July, 2020 to 30th September, 2020, vide Notification in S.O. 2512 (E) dt 29th July, 2020.

Dt.- August 4, 2020

CBDT has issued Circular No. 13/2020 dated 13th July 2020 giving one time relaxation for pending verification of Tax Returns for AY 15-16 to 19-20 by various modes upto 30th September, 2020.

Dt.- July 15, 2020

No late fees on GSTR 3B for taxpayers with no tax liability

Dt.- June 13, 2020

Late fees on GSTR 3B capped to Rs 500 for taxpayers liable to pay tax

Dt.- June 13, 2020

The reduced late fee would apply for 3B returns filed between 1/07/2020 to 30/09/2020

Dt.- June 13, 2020

Small tax payers with turnover up to 5 Crores can file their return for the month of Feb to April till July 6th with no interest and then with a reduced rate of 9% till 30th September 2020

Dt.- June 13, 2020

Small taxpayers with turnover up to 5 Crores can file returns for May to July till September 2020. No late fee will and interest will be charged if Form 3B furnished till September 2020.

Dt.- June 13, 2020

One time extension in period for seeking revocation of cancellation of registration upto 30th September 2020 for registration which have been cancelled upto 12th June 2020

Dt.- June 13, 2020

The facility to file PMT-09 and the CGST rules for the same shall come into effect from 21st April, 2020.

Dt.- May 23, 2020

A further extension granted for filing annual returns (GSTR 9) and reconciliation statement (GSTR 9C) for FY 2018-19 untill 30th September, 2020. Companies can file GSTR-3B using EVC option till 30th June, 2020

Dt.- May 23, 2020

PF Update!

PF Contribution to be 10% each of employer and employee instead 12% earlier for May, June and July, 20.

Notified by Govt.

Dt.- May 23, 2020

आत्मनिर्भर भारत
Part-5 : Government Reforms and Enablers

Health Related Steps taken so far for COVID containment…

Dt.- May 18, 2020

आत्मनिर्भर भारत
Part-4 : New Horizons of Growth

Fast track Investment Clearance through Empowered Group of Secretaries (EGoS)…

Dt.- May 16, 2020

आत्मनिर्भर भारत
Part-3 : Agriculture

Rs 30,000 croreAdditional Emergency Working Capital for farmers through NABARD…

Dt.- May 15, 2020

आत्मनिर्भर भारत
Part-2 : Poor, Including Migrants And Farmers

Direct Support to Farmers & Rural Economy provided post COVID-19…

Dt.- May 14, 2020

आत्मनिर्भर भारत Covid-19
Part -1 : Businesses including MSMEs

Package to cater to various sections including cottage industry, MSMEs, labourers, middle class…

Dt.- May 13, 2020

CA Gopal Kumar Kedia

We are expert professional in handling the Income Tax Appeal matters related to enormous additions made on account of cash deposited during demonetization period. The preparation of appeals and arguments is done under the excellent guidance of CA Gopal Kumar Kedia Former Accountant Member of Income Tax Appellate Tribunal.

Dt.- May 5, 2020

#GST

Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020 to 29th June 2020 will be extended to 30th June 2020.

Dt.- May 5, 2020

#GST

Companies which have less than Rs 5 crore turnover will not have to pay interest, late fee or penalty under the GST act, 2017.

Dt.- May 5, 2020

#GST

Date for filing of GST returns for March, April and May, 2020 is extended till 30th June 2020.

Dt.- May 5, 2020

#GST

The date for opting for GST Composition Scheme has been extended to 30th June, 2020.

Dt.- May 5, 2020

#TDS

Due date for filing TDS/TCS return Q4 F.Y. 2019-20 has been extended to 30th June 2020.

Dt.- May 5, 2020

#TDS

For delayed deposit of TDS, interest has been reduced to 9% from 18% and 12%.

Dt.- May 5, 2020

#Income Tax

Certificate for lower rate/ nil deduction issued u/s 195, 197 and 206C(9) of the IT Act for FY 2019-20 are applicable till 30.06.2020.

Dt.- May 5, 2020

#Income Tax

No additional 10% amount, if payment made by June 30, 2020 – Vivad se Vishwas Scheme.

Dt.- May 5, 2020

#Income Tax

Due to COVID-19 pandemic, the reporting under clause 30C & 44 of Tax Audit Report has been deferred till 31st March 2021.

Dt.- May 5, 2020

#Income Tax

Last date for filing Income Tax Returns for FY 2018-19 is 30th June, 2020 instead of 31st March, 2020.

Dt.- May 5, 2020

#Income Tax

Clarification issued by the board: Assessee intimating the employer/ deductor, intention of opting concessional rate u/s 115BAC of the IT Act shall be only for the purpose of TDS deduction. Intimation would not amount to exercise of the option.

Dt.- May 5, 2020

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