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Non-availability of e-filing services from 01.06.2021 to 06.06.2021 The Income Tax Department is going to launch its new e-filing portal (www.incometax.gov.in) 7th June 2021, The New E Filing Portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and...
Due date for TDS return quarter 4 for FY 20-21 is 30th June 2021 earlier it was 31st May 2021Due date to file return of income u/s 139(1) has been extended to 30th September 2021 for those assesses who were supposed to file return of income on or before 31st July 2021...
company cannot claim Input Tax Credit (ITC) on CSR activities as CSR activity expenses are not allowable in Incometax. Hence ITC cannot be claimed.(Polycab wires pvt.ltd2019 24 GSTL 103 AAR KAR)
CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last...
Easing Compliance requirements of Small Companies – Threshold increased to Share Capital upto Rs.2 crore and Turnover upto Rs.20 crore will be Small CompaniesAllow One Person Companies (OPC) to grow without any restriction in Share Capital or Turnover. NRIs will be...
Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax...