OUR UPDATES
 
   Circulars 9 extension of time  Click Here.  
 Sec 194Q (TDS) and Sec 206C(1H) (TCS).pdf Click here 
  Registration of Charitable Trusts Click here 
 PressRelease Extension of due date of furnishing of IITR and Audit Reports 24-10-20  
 Notification Extension of time ITR Click here 
  FCRA Amendment Act 2020  Click Here 
  Amended Note on TCS on Sale of Goods effective 01.10.2020 Click Here 
  News Flash- Recent Amendments to Income Tax Act, Companies Act and FCRA Click Here 
  The Taxation and Other Laws (Relaxation and amendment of certain provisions) Bill, 2020 Click Here 
  Highlights of Platform for Honest Click Here
 
  Faceless Assessment Scheme Click Here
 
  Explaining the new Form 26AS Click Here
 
  High Value Transactions under Income Tax Act, 1961 explained Click Here
 
  44AB-Computation of 5% Recp-Pmts Click here
 
  CBDT extends FY19 income tax return filing deadline till September 30-converted Click Here 
  Taxation and other  Notification 56_2020 Click Here  
  Recent amendments made to the Finance Act 2020  
 
  • There have been various changes brought in while enacting Finance Act, 2020, which include relaxation in deemed residency rule proposed for Indian citizens, stringent TDS on cash withdrawals etc. Interestingly, Equalization levy is proposed to be extended to non-resident E-Commerce Operators having transactions in India vide the amended Finance Act.  Click Here
 
  For Lower or Nil TDS  
 
  • The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/TCS is pending for disposal saying that cases where the application is pending and where such certificates were issued for fiscal 2019-20, the validity of the certificates would get extended to June 30, 2020.  Click Here
 
  Relaxation of due dates:  
 
  • Nirmala Sitharaman, the Union Finance Minister has announced relaxation of due dates relating to various statutory, regulatory compliance such as Income Tax, GST etc. These announcements were made considering the issues faced by the taxpayers and companies amid complete lockdown in the country to control COVID-19. Click Here
 
  Relief Measures in GST Compliances  
 
  • The Union Finance Minister Nirmala Sitharaman announced various relief measures relating to statutory and regulatory compliance under Goods & Services Tax Act, 2017 considering the issues faced by the registered persons amid complete lockdown in the country to control COVID-19 in April,2020 . Thereafter considering the extension in lockdown further extension in compliance dates announced by notification dated 24th June 2020 To know updated compliance dates and other reliefs. Click Here
 
  Extension of implementation of certain clauses by the CBDT  
 
  • CBDT extends implementation of certain clauses in Tax Audit report Click Here
 
 

  Note explaining the Atmanirbhar Bharat package Part 1  
 
  • Note explaining the Atmanirbhar Bharat package Part 1 Click Here
 
  Vision Forward Click Here  
  Impacts of reduced PF contribution Click Here  
  Analysis of section 269SU Click Here