Due to the prevailing severe pandemic in the country, the Central Board of Direct Taxes (CBDT) has extended the time limits of certain compliances, vide Circular No. 9 of 2021 dated 20th May 2021. Please refer the below link to know more about the extension of time limits....
Continue readingThis is to bring to your notice that we are hereby enclosing the updates on recent GST notifications and circulars including due dates for certain GST compliances. Hope this may be timely and useful. ...
Continue readingMCA clarifies that where a company has contributed any amount to ‘PM CARES Fund’ as on 31.03.2020, which is over and above the minimum amount as prescribed under section 135(5) of the Companies Act, 2013 (“Act”) for FY 2019-20, and such excess amount or part thereof is offset against the requirement to spend under section 135(5) for FY 2020-21, then the same shall not be viewed as a violation subject to the conditions that: i. the amount offset as such shall have factored the unspent CSR amount for previous financial years, if any; ii. the Chief Financial Officer shall certify that the contribution...
Continue readingSection 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction. CBDT has issued a Notification (Notification no. 16/2021, dated 12th March 2021) to include reporting of information relating to dividend income. The dividend information is to be reported by a Company who has distributed dividend during the FY 2020-2021. The statement of financial transactions shall be furnished on or before the 31st May 2021. CBDT has issued a Notification (Notification no. 1 of 2021, dated April 20, 2021) providing the guidelines for preparation, submission and validation of the SFT. Please take note...
Continue readingWe are pleased to present our monthly newsletter for the month of May 2021. ...
Continue readingWe are pleased to present our monthly newsletter for the month of May 2021....
Continue readingWe are pleased to present our monthly newsletter for the month of May 2021. ...
Continue readingCBDT issues a Circular for extension of various compliance deadlines due to the severity of COVID-19; Extension pertains to (i) filing of appeal before CIT(A), (ii) objections before DRP, (iii) ITR in response to notice u/s 148, (iv) belated/ revised filing of ITR, (v) TDS compliance u/s 194-IA, 194-IB and 194M, and (vi) filing of statement in Form No. 61; The deadline has been extended to May 31, 2021 (CBDT Circular No. 8/2021 dt. 30th April 2021)...
Continue readingWe present a summary of TDS rate chart for FY 2021-2022. We have made our best effort to summarise the TDS rate chart in simpler manner. Trust the same would be found useful....
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