• Sat. May 18th, 2024

Tax Collected at Source (TCS) Amendments w.e.f 01-10-2020

Changes in the Income Tax Returns for AY 2020-21 – CBDT

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…

Note on amendment to Micro Small and Medium Enterprises Development Act, 2006 MSME UDYAM REGISTRATION

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…

Extension of Due of filing of Belated/Revised Income Tax Returns for AY 2019-20

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.

Transparent Taxation – Honouring the Honest – [T2-H2]

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…

RBI – Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses:

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…

GST -Patna high court

Interest not payable if Input Tax Credit availed but not utilized.