Due date for filing belated or revised ITR for AY 2019-20 extended to 30.11.2020

GSTR 9 & 9A is compulsory for all taxpayer’s in F.Y. 2017-18 or else you won’t be able to edit it in future.

Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the ...

Impact of e-Invoicing on Businesses- Simplified & Effective Reconciliation ensured!

by ADMIN

October 9, 2020

2

Introduction e-Invoicing under GST has been implemented by the Government on large enterprises from October 1st, 2020. Businesses are ...

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

ICAI issues guidelines for students appearing for November 2020 exam and changes in exam schedule for Bihar

by ADMIN

October 9, 2020

2

The attention of the students who are appearing in November 2020 ICAI examination, in terms of announcement No. 13-CA (EXAM)/N/2020 ...

Multipurpose Empanelment form due date extended for 2020-21

by ADMIN

October 8, 2020

0

Multipurpose empanelment form was made live on 22.09.2020 by ICAI.In simple words this is used for enlisting Chartered Accountant for ...

Now you cannot generate ITR Acknowledgement/ ITR-V until you e-verify your return or send it to CPC Bangalore | New update to ITR V

ITR acknowledgement receipt signed and sent to CPC, bangalore but ITR V still not generated? Read this post to find the reason

by Income tax Expert

October 8, 2020

1

In our earlier post we had discussed that one cannot generate ITR V until one e-verify ITR or sign and ...

Tax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary

Changes in ITR 6 by virtue of notification 82 of 2020 Dt. 01.10.2020

by Income tax Expert

October 7, 2020

0

A few days ago we had discussed that ITR 6 is now available for FY 2019-20 and we had also ...

Amendment in Form 3CD and form 3CEB for FY 2019-20 tax audit w.e.f. 01.10.2020

by Income tax Expert

October 6, 2020

0

Form 3CD is a basic Form of Tax audit and needs to be uploaded with all tax audit and audited ...

39th GST council meeting. Due date of GSTR 9 for F.Y. 2018-19 extended

GSTR 3B can now be filed quarterly, due date for quarterly filing of GSTR 1 changed: 42nd GST council meeting

by GST expert

October 5, 2020

5

42nd GST council meeting was held today on 05.10.2020. Key highlights of the meeting are as under: 1. Enhancement in ...

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

Form 10-IE and 10-IF notified for section 115BAC and 115BAD respectively

by Income tax Expert

October 5, 2020

2

It all started with concessional rate of tax for corporates in the form of Section 115BAA and 115BAB for which ...

Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

Income tax Rules for depreciation under section 115BAA, 115BAB and 115BAC announced

by Income tax Expert

October 4, 2020

4

Section 115BAA and 115BAB were announced for lower corporate tax rate also Section 115BAC was announced for lower tax rate ...

Long Term capital gain on listed shares now taxable @10% u/s 112A of the income tax act.

No requirement for scrip wise reporting in case of share trading – Clarification by CBDT

by Income tax Expert

October 4, 2020

0

CBDT has vide Press release Dt. 26.09.2020 has clarified that one is not required to report script wise details in ...

E – invoicing under GST has been deferred to 01.11.2020 with some conditions

by GST expert

October 3, 2020

0

The Government had in December 2019 prescribed that the GST Taxpayers having aggregate annual turnover more than Rs. 100 crores ...

SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type

by Income tax Expert

October 2, 2020

3

In past few months we have started seeing various SFT transactions in our Form 26AS. Form 26AS which was earlier ...

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

Further clarification on section 206C(1H) – TCS on sale of goods by CBDT through circular

by Income tax Expert

October 1, 2020

1

CBDT has issued one circular and one press release in two days to further explain implication of section 206C(1H) which ...