Extension of TDS/TDS Return Due Date for Quarter Ended March 2020
NSDL e- Governance Infrastructure Limited TIN Operations Circular Circular No. NSDL/TIN/2020/006 April 20, 2020 Subject: Extension of Quarterly TDS/TCS statement filing dates.
Author: admin
The author is a Practicing CA, Founder of A. S. Banka Advisors Private Limited & Partner of Dhiraj & Dheeraj.
You can reach out to the author on : info@asbanka.com
www.asbanka.com
GSTN Enables OTP based EVC Verification for GST Return filled by Companies & LLP
Earlier Companies and LLP were not eligible to file GST Return with OTP based EVC (Electronic Verification Code). They were required to file the GST Return with DSC (Digital Signature … Read More
CBDT Clarification on Income Tax Slab Rate TDS that needs to be deducted by employer on salary of employees – Old Slab Rate or New Rate
As per CBDT, Employer has to take declaration from Employee. An employee, having income other than the income under the head “profits and gains of business or professions” and intending … Read More
ICAI announces use of Electronic Signature (DSC) for Signing of Audit Reports and Certificates
The Institute of Chartered Accountants of India ( ICAI ) has allowed the use of Electronic Signature for Signing Audit Reports and Certificates. In an announcement issued by ICAI, “ … Read More
CBIC allows GST Refunds for event cancellations
In a big relief to the tourism, hospitality and entertainment sectors, the Central Board of Indirect Taxes and Customs (CBIC) has allowed for claiming of refunds of goods and services … Read More
Reverse Charge Mechanism (RCM) under GST applicable from April 2020
We have compiled Reverse Charge Mechanism (RCM) under GST applicable from April 2020.
Govt to release all pending Income Tax & GST Refunds
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit.
Due Date and Compliance Calendar for April 2020
This post contains various Compliance requirements under Statutory Laws for the Month of April 2020.
Income Tax on Dividend Received on Shares and Mutual Fund from 1 April 2020
The Finance Act 2020 has reintroduce the old system to tax dividend in the hands of shareholders and has removed Dividend Distribution Tax on Companies and exemption under section 10(34).
Companies Fresh Start Scheme, 2020
Now convert your dormant, defaulting and inactive companies Active by applying in Companies Fresh Start Scheme, 2020 In furtherance of the Ministry of Corporate Affairs Circular No. 11/2020, dated 24th … Read More