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…
Budget Highlights- Key Features
Tax proposals Concessional corporate tax rate of 15 per cent to new domestic companies in manufacturing and power sector. Tax concession for sovereign wealth fund of foreign governments and other…
GST: CBIC extends GSTR-9 and GSTR-9C filing Dates for FY 2017-18
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different…
Filing GSTR-9 and GSTR-9C dates extended
The Government has decided to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31st December 2019 and…
CBDT extends the due date for ITR filing to 31st October 2019
The Central Board of Direct Taxes extends the due date for filing Income Tax returns as well as reports of audit (which are required to be filed by the said…
Press Release – 37th Meeting of the GST Council
GST Council in the 37th meeting held on 20th September, 2019 at Goa took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected…
Income Tax Returns Filing Date Extended to August 31st, 2019
The 'due-date' for filing income-tax returns for Assessment-Year 2019-20 is 31.07.2019 for certain categories of taxpayers. It has been reported that some of the taxpayers are facing difficulties in filing…
Govt. reduces the Rate of ESI contribution from 6.5% to 4%
The Government of India has taken a decision to reduce the rate of contribution under the ESI Act from 6.5% to 4% (employers' contribution being reduced from 4.75% to 3.25%…
Aadhar Number shall intimate to Principal Director of Income Tax
In exercise of the powers conferred under sub-section (2) of section 139AA of the Income-tax Act, 1961 (Act), the Central Government, hereby notifies that every person who has been allotted…