Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods

Data of GST website under comparison of liability declared and ITC claimed tab not available

Now with aggregate turnover limit for GST audit being increased to 5 crore it is very important to know whether ...

Due date for Tax audit for A.Y. 2019-20 extended from 30th September to 31st October

Pre-filled ITR now available for ease of tax payers: AtmaNirbhar Bharat 3.0

November 15, 2020

Our Hon'ble Finance minister in her Speech for Atmanirbhar bharat had announced that they are launching Pre-filled ITR's for the ...

New update on filing of GSTR 1 and 3B return monthly or quarterly | GST notification

by GST expert

November 15, 2020 - Updated on November 23, 2020

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All the below notification will be made effective from 01.01.2021 Notification 83/2020: This notification seeks to amend notification 74/2020 and ...

LUT of FY 2019-20 to be eligible for FY 2020-21 upto 30.06.2020

Last date for filing applications under SVLDR Scheme extended to 31st December, 2020

by ADMIN

November 14, 2020

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Last date for filing applications under Sabka Vishwas (Legacy Dispute Resolution) Scheme extended to 31st December, 2020 for UT of ...

Income tax relief announced for Home buyers and developers for value upto Rs. 2 crore – Atmanirbhar Bharat

by Income tax Expert

November 13, 2020

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Our Hon'ble Finance Minister Smt. Nirmala Sitharaman had held a Press conference on 12.11.2020 to announce various schemes under Atma ...

Form 26AS i.e. annual information statement will now include monthly GST turnover for the relevant year

by Income tax Expert

November 13, 2020

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With digital India and making all department's digital it was announced by the government that slowly they will link all ...

GST notification on quarterly GSTR 1, quarterly GSTR 3B is a reality and its various due dates

by GST expert

November 12, 2020

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The below mentioned amendment to GST rules shall come into force from 01.01.2021: Notification 82/2020: Below are the some important ...

Calculation sheet for comparison of tax payable under new and old tax regime for individual and HUF – 115BAC

Employee opting for new tax regime u/s 115BAC: Here’s what all exemption/ deduction you will have to let go.

by Income tax Expert

November 11, 2020

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Section 115BAC is made applicable from FY 2020-21 i.e. AY 2021-22 which is the current financial year and all employees ...

ICAI has announced a new MBA programme for Diploma in Management and Business Finance

Here’s how you can get “CA” Sticker for your motor vehicle from the Institute of Chartered Accountants of India (ICAI)

by ADMIN

November 10, 2020

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Becoming a Chartered Accountant is a big dream for many people and then using the prefix CA with one's name ...

TOP Myths relating to Income Tax return….Busted

Instruction for filing of ITR 1 to 7 of FY 2019-20 issued by CBDT

by Income tax Expert

November 9, 2020

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As we know a few months ago CBDT has released ITR 1 to 7 with utility for filing and a ...

Faceless scrutiny under Customs | Turant Customs

CBIC has launched guide book on Faceless Assessment

by ADMIN

November 8, 2020

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Following the footsteps of CBDT for Income Tax, CBIC has also launched the faceless assessment scheme under Customs. Earlier the ...

OPT-OUT feature now enabled for students appearing for November 2020 examination by ICAI

by ADMIN

November 8, 2020

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Earlier this week Admit card for CA examination to be held for November 2020 examination were made available and now ...

TCS on sale of goods from 01.10.2020 – Section 206C(1H)

Not able to make payment of TCS on sale of goods u/s 206C(1H) – Bank shows invalid payment

by Income tax Expert

November 7, 2020

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Although Tin - NSDL website had added nature of payment/ code for making payment of TCS under the code 6CR ...

What Blocks Your ITC under GST? All about Section 17(5) CGST Act 2017

by ADMIN

November 7, 2020

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Introduction Input Tax Credit under GST is the process of claiming the credit of taxes paid as an input in ...