Ministry of Finance Clarification on doubts arising on account of new TCS provisions 30 SEP 2020 There are reports in certain sections of media wherein certain doubts have been raised regarding the applicability of the provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. This press note is… Read More »
Income Tax Return date extended AY 2019-20 On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020.Order u/s 119(2a) issued.
MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION New Delhi, the 30th September, 2020 No. 69/2020 – Central Tax G.S.R. 595(E).—In exercise of the powers conferred by sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with rule 80 of… Read More »
CBDT authorized to upload GST returns info in 26AS In exercise of powers conferred under Rule 114-I, the CBDT has authorized the Principal DGIT (Systems) or the DGIT (Systems) to upload information relating to GST return, which is in his possession, in the Annual Information Statement in Form 26AS. Such information is to be uploaded… Read More »
GSTR 9 and 9C date Extended for FY 2018 19 CA satbir singh After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020. Notification follows.
Circular No 17/2020 TDS/TCS on Sale of Goods/Services from 01.10.2020 F. No.370133/22/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 29th September, 2020 Sub.: Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 – reg. Finance Act, 2020 inserted a new… Read More »
[Notification No. 76/2020/F.No. 370142/33/2020-TPL] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (INCOME-TAX) S.O. 3296(E).—In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:__ 1. Short… Read More »
Ministry of Finance No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares Posted On: 26 SEP 2020 There was a report in certain section of media that stock traders/day traders are required to furnish scrip wise details in the return of income for AY 2020-21. The gain… Read More »
GST on Legal Services by Advocates I CA satbir singh Watch GST on Legal Services Click here
No GST on Club or Associations I New amendment in GST Act I CA Satbir Singh