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Extension of due dates for TDS/TCS related compliance’s

On: July 30, 2020

In: Uncategorized

For Year 2019 – 2020 Return/Compliance Original Due Date New Due Date notified^ Form 24Q4 31-May-2020 31-July-2020 Form 26Q4 31-May-2020 31-July-2020 Form 27Q4 31-May-2020 31-July-2020 Form 27EQ4 31-May-2020 31-July-2020 Form 26QB-Feb2020 30-March-2020 31-July-2020 Form 26QC-Feb2020 30-March-2020 31-July-2020 Form 26QD-Feb2020 30-March-2020 31-July-2020 Form 26QB-Mar2020 30-April-2020 31-July-2020 Form 26QC-Mar2020 30- April -2020Continue Reading

PAN cards are now being printed with Enhanced Quick Response (QR) Code

By: admin

On: July 30, 2020

In: Income Tax

All PAN cards printed now are with enhanced QR code with following new features Enhanced QR Code will contain Photograph & Signature of PAN applicant apart from existing information i.e., PAN, Name, Father’s Name/Mother’s Name, Date of Birth/Incorporation/Formation. The aforesaid details will be digitally signed & coded on the EnhancedContinue Reading

CBDT Extends Due Date For Filing Income Tax Returns For FY 2018-19 (AY 2019-20)

By: admin

On: July 30, 2020

In: Income Tax

In view of the constraints due to the COVID-19 pandemic & to further ease compliance’s for taxpayers, the CBDT has extended 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 dated 29th July, 2020Continue Reading

GST Due Dates In June & July 2020 (State of Kerala)

By: admin

On: June 24, 2020

In: GST

Turnover in PY Up to 1.50 Crores Up to 1.50 Crores > 1.5 < 5 Crores > 1.5 < 5 Crores Above 5 Crores Above 5 Crores Period GSTR3B GSTR1 GSTR3B GSTR1 GSTR3B GSTR1 Feb-2020 30-June-2020 30-June-2020 29-June-2020 30-June-2020 24-June-2020 30-June-2020 March-2020 03-July-2020 30-June-2020 03-July-2020 30-June-2020 24-June-2020 30-June-2020 Jan-March 2020Continue Reading

Cost inflation index for FY 2020-21 used for LTCG calculation notified by finance ministry

By: admin

On: June 15, 2020

In: Income Tax

The Cost Inflation Index (CII) for the financial year (FY) 2020-21 has been notified as 301 by the Ministry of Finance. The notification is dated June 12, 2020. For the previous financial year CII was 289. This number is important as it is used to arrive at the inflation adjustedContinue Reading

No late fee for GST taxpayers

By: admin

On: June 15, 2020

In: GST

40th GST Council meeting held on Friday, 12th June 2020 announced GST return late fee waiver, reduced interest rate further being extended on account of COVID-19 crisis GST late fee is waived for all GST registrations with NIL Tax Liability and a maximum late fee of Rs.500 per return forContinue Reading

Now get your PAN Instantly for free

By: admin

On: May 30, 2020

In: Income Tax

No fee, no worries!! Now get your PAN Instantly for free. Just visit the e-filing portal of IT Department to generate your ePAN within minutesContinue Reading

Investment in NPS via this route can help you save tax in new tax regime

By: admin

On: May 28, 2020

In: Income Tax

Investment in Tier-I account of NPS via your employer allows you to claim a deduction from your gross total income under the Income-tax Act even under the new lower tax regime. Here’s all you need to know about itContinue Reading

TDS, TCS cut: More funds for taxpayers

By: admin

On: May 28, 2020

In: Income Tax

The finance minister also announced that the due date of all income tax (I-T) returns for assessment year 2020-21 will be extended to November 30, 2020. Tax experts said the move to reduce TDS and TCS will help increase liquidity in the systemContinue Reading