In the recent announcement by the Finance minister, the due date for filing the Income tax Returns -AY 2020-21 for individuals has been extended to 30th November 2020. The Income…
Ministry of Micro, Small and Medium Enterprises vide notification No. S. O. 2119(E) dated 26th June 2020 has brought in certain changes in the classification of enterprises as MSME and…
CBDT Update – Notification No. 56/2020 – Further Extension of Due of filing of Belated/Revised Income Tax Returns for AY 2019-20 (FY 2018-19) till 30th September 2020.
All about Transparent Taxation – Honouring the Honest – [T2-H2] [Notification No.60/2020/F.No.370149/154/2019-TPL and Notification No.61/2020/F.No.370149/154/2019-TPL dated 13th Aug 2020] [Order F.No.187/3/2020-ITA-1 dated 13th Aug 2020] A. Background The announcement by…
Notification Number: RBI/2020-21/19. Applicable to: Banking, MSME and Household sector. Date of issue: 06-08-2020. Applicable period: Up-to 31st March 2021. Summary: Subject-Relaxation in lending of loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses. Due to the…
Interest not payable if Input Tax Credit availed but not utilized.