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

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.

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

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

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

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

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.

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

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

PF Update!

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

Notified by Govt.

आत्मनिर्भर भारत
Part-5 : Government Reforms and Enablers

Health Related Steps taken so far for COVID containment…

आत्मनिर्भर भारत
Part-4 : New Horizons of Growth

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

आत्मनिर्भर भारत
Part-3 : Agriculture

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

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

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

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

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

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.

#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.

#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.

#GST

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

#GST

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

#TDS

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

#TDS

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

#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.

#Income Tax

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

#Income Tax

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

#Income Tax

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