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One time relaxation for pending verification of Income Tax return

CBDT Circular 3 of 2020 dated 13th July, 2020 One time relaxation for Verification of Income Tax Return 1) CBDT through circular no. 3/2020 dated 13th July 2020 has given one time opportunity to taxpayers whose Income Tax Return’s was filed online but verification was pending. 2) Now any taxpayer whose ITR is pending for …

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TDS on cash withdrawal under section 194N

T.D.SNew rule for Cash withdrawal Effective From 1-7-20 Section 194N of Income Tax ActTDS on payment of certain amounts in cashWho are liable to deduct?:Bank, Co-operative bank or Post Office Threshold limit:If aggregate payment in cash from one or more accounts during a previous year to an account holder exceeds the threshold limit given below: …

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जीएसटी (GST) पोर्टल पर एक नया अपडेट

हाल ही में जीएसटी पोर्टल पर एक नया अपडेट आया है जिस व्यापारियों का टर्नओवर F.Y.17-18 में 2 करोड से कम था उनको gstr-9 भरने की जरूरत नहीं थी , अब अगर F.Y.18-19 में उनका टर्नओवर दो करोड़ से बढ़ जाता तो उनको gstr-9 भरना पड़ता है इसमें प्रॉब्लम यह था कि जब तक 17-18 …

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Income Tax Change in Budget, 2020 | Income Tax Budget,2020 | Key Change in Budget, 2020 |

Revised Income Tax Slabs 0-2,50,000 0% 2,50,000-5,00,000 5% 5,00,000-7,50,000 10% 7,50,000-10,00,000 15% 10,00,000-12,50,000 20% 12,50,000-15,00,000 25% 15,00,000 above 30% – 10% for income between Rs 5 lakh-7.5 lakh against 20%. – 15% for income between Rs 7.5 lakh-10 lakh against 20% – 20% for income between Rs 10-12.5 lakh against 30% – 25% for income …

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what is union or general budget? How its work ? What is the Importance of Union or General Budget?

Budget Budget 2020 of the second term of the Narendra Modi government will be presented on Saturday. It is also called the General Budget or Union Budget. But, the common man must understand what happens in this budget and what happens in it. All kinds of information are given in the ‘Budget at a Glance …

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Initiatives taken by the Ministry/MCA/Govt. towards Ease of Doing Business/ Company Incorporate.

 Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requirement for minimum paid up capital was removed.  Central Registration Centre(CRC) was established by MCA under Section 396 of the Companies Act, 2013 (Act) vide notification dated 22.01.2016 in an initiative of Government Process Re-engineering (GPR) …

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Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017,

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 49/2019 – Central Tax New Delhi, the 9 th October, 2019 G.S.R……(E). – In exercise of the powers conferred by section 164 …

Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, Read More »

MCA extended the last date / due date of filing of CRA-4 (Cost audit report) for FY 2018-19 under the companies Act, 2013.

Keeping in view the requests received from various stakeholders seeking extension of time for filing of CRA-4 (Cost Audit report) for the financial year ended 31.03’2019 on . account of various factors , it has been decided to extend the due date for filing of e-forms CRA-4 upto 31.12.2019, by companies without levy of additional …

MCA extended the last date / due date of filing of CRA-4 (Cost audit report) for FY 2018-19 under the companies Act, 2013. Read More »