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…
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…
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…
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…
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…