CBDT Extend the due date for IT Returns and Audit Reports
The Government issued a Notification to extend the due date for all Income Tax Returns for the FY 2019-20 (FY 2020-21) to 30th November, 2020. Hence, the returns of income which were…
GST Weekly Update 10.10.2020
This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 05.09.2020. It supplements the earlier GST Updates. No Updates were released…
CBDT Extend the due date till 30th November
On further consideration of genuine difficulties faced by taxpayers due to COVID-19 situation, CBDT further extends the due date for furnishing of belated and revised ITRs for Assessment Yr 2019-20…
Finance Minister announces relief measures in view of COVID-19 outbreak
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures in view of COVID-19 outbreak. The areas are Income Tax, GST, Customs & Central Excise,…
Last Date For Filing Income Tax Return For FY19 Extended To June 30
Finance Minister Nirmala Sitharaman announces that the last date for the income tax return for the financial year 18-19 is extended to 30th June 2020. "For delayed payments interest rate…
39th Meeting of the GST Council – Law and Procedure related changes
The GST Council, in its 39th meeting held on 14.03.2020, has made the following recommendations: Measures for Trade facilitation Deferment of E-invoice and QR Code Deferment of e-wallet Scheme Continuation…
CBDT issues FAQs on Direct Tax Vivad se Vishwas Scheme 2020
After introducing of Vivad se Vishwas in Lok Sabha, several queries have been received from the stakeholders seeking clarifications in respect of various provisions contained therein. Government has considered these…
Due dates of filing Form GSTR 3B
Due dates of filing Form GSTR 3B, for the month of February 2020, in the manner as given below: Sl. No. Taxpayers with aggregate turn over (PAN based) in the…
Last date of ITR filings for FY 2018-19
March 31st, 2020 is the last date of filing belated or revised return of income of AY 2019-20. We are here at PS Tax Consultancy Bhubaneswar to help you with…
Tax Proposal in the Budget 2020
Finance Minister Smt Nirmala Sitharaman proposed a new taxation system to stimulate growth and simplify tax structure. Here are the highlights from Nirmala Sitharaman’s Budget speech. Personal Income Tax and…