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Section 206AB and 206CCA inserted in the Income-tax Act,1961 (effective from 1st July 2021), imposed higher TDS/TCS rate on the “Specified Persons’.To facilitate Tax Deductors and Collectors in identification of Specified Persons as defined in sections 206AB and 206CCA, Income Tax Department has released a new functionality· Compliance Check forRead More →

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Category of Taxpayer Due Date for Tax Filing Extended Due Date for Tax Filing Individual / HUF/ AOP/ BOI (books of accounts not required to be audited) 31 July 2021 30 September 2021 Businesses (Requiring Audit) 31 October 2021 30 November 2021 Businesses (Requiring TP Report) 30 November 2021 31Read More →

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Every entity, covered under sub-rule (1) of Rule 4 of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, who intends to undertake any CSR activity, shall register itself with the Central Government by filing the form CSR-1 electronically with the Registrar, with effect from the 01st day of April 2021.Read More →

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Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: D. Filing of Form GSTR-1/IFF by Normal Taxpayers: Sl.No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended tillRead More →

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Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021, both dated 1st May, 2021. The details are summarized below: Relaxation to normal taxpayers in filing ofRead More →

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In: Highlights

RBI vide circular “Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems” (RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21) dated 5th January 2021 has decided to introduce the LEI system for all payment transactions of value INR 50 crore and above undertaken by entities (non-individuals) using Reserve Bank-run Centralised PaymentRead More →

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For Year 2019 – 2020 Return/Compliance Original Due Date New Due Date notified^ Form 24Q4 31-May-2020 31-July-2020 Form 26Q4 31-May-2020 31-July-2020 Form 27Q4 31-May-2020 31-July-2020 Form 27EQ4 31-May-2020 31-July-2020 Form 26QB-Feb2020 30-March-2020 31-July-2020 Form 26QC-Feb2020 30-March-2020 31-July-2020 Form 26QD-Feb2020 30-March-2020 31-July-2020 Form 26QB-Mar2020 30-April-2020 31-July-2020 Form 26QC-Mar2020 30- April -2020Read More →