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Due date for revised return and 80C investment extended by ordinance for F.Y. 19-20 till 30.06.2020
Ministry of Finance has issued an ordinance to clarify the extension of various due dates. Same has been posted on...
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Financial year changed from 31.03.2020 to 30.06.2020 | Fact check
There is notification being circulated wherein a rumor is being spread that Financial year has been changed from 01.04.2020 to...
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Do you need to collect TCS on export sale u/s 206C?
In the Budget Announced on 01.02.2020, Honorable Finance Minister had announced an amendment in TCS provision wherein TCS was required...
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Can you make investment for 80C deduction after 31.03.2020 for F.Y. 2019-20
Deduction under Chapter VI-A includes deduction u/s 80A to 80VV, however we are mostly aware about section 80C to 80U...
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Relief announced by RBI amid Corona Virus Pandemic | 27.03.2020
Key highlights from RBI press meet MPC (Monetary policy committee) advanced its meeting (earlier it was scheduled on 3rd April)....
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Impact of corona virus on financial reporting explained by ICAI
Impact of Corona Virus on Financial Reporting: Inventory Measurement (Ind AS 2 and AS 2) In accordance with Ind AS...
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Amendment to section 194N by Finance Bill Passed in Loksabha on 23.03.2020
Earlier Section 194N was intended to deduct TDS on cash withdrawal by any person during a year above Rs. 1...
Read moreRelief announced by FM Nirmala Sitharaman on 26.03.2020 relating to corona virus
Economic Relief Package to fight Corono Virus FM announces economic relief package says Package of Rs 1.7 lakh cr under...
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New Amendments done in Finance Bill, 2020 passed without debate in Lok Sabha
Update: Finance Bill, 2020 received assent from President on 27.03.2020 and is now an Act. Finance Bill, 2020 was presented...
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Important Direct and Indirect tax related updates from Honorable Finance Minister Video conference on 24.03.2020
In the video conference on 24.03.2020 following relief has been provided: Direct tax: Due date for filing ITR for F.Y....
Read moreRBI to end it’s Fiscal Year 2019-20 on 30.06.2020 | Fact check | Change in Accounting year for 2019-20
Currently a news is being circulated that RBI has adopted its Financial year end as 30.06.2020 instead of 31.03.2020 for...
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GSTR 3B due date extended due to Novel Coronavirus (COVID-19) | Fake
A press release is being circulating evidencing the extension of due date for GSTR 3B for all registered tax payer...
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Last opportunity to file Income tax return for F.Y. 2018-19 | Belated return u/s 139(4) of the Income tax Act
In general terms belated return means return filed after the due date of filing return of income. However as per...
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Hon’ble Supreme Court stays HC order for non recovery of taxes or money due to corona virus
As per the reports on Economic Times and various other news websites Hon'ble Supreme court on Friday has put a...
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Allahbad high court puts a stay on all recovery and administrative procedure till 06.04.2020
Recently, Honorable Allahbad high court in a judgement Dt. 18.03.2020 has put a stay on all recovery, auction, demolition, eviction...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
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