Advisory on Payment of Tax under QRMP for March 21

The CBIC has issued an Advisory on payment of tax by taxpayers under QRMP Scheme, for the month of March, 2021. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards),...

GSTN advisory on Auto-population of e-invoice details

GSTN has issued an advisory on Auto-population of e-invoice details into GSTR1. For the month of March, 2021, the auto-population of e-invoices into GSTR-1 (of March, 2021) is still in progress and is likely to take s...

Guide to ITR 1 and ITR 4 JSON Utillity - Income Tax Return filing

The Central Board of Direct Taxes (CBDT) has very recently released JSON Utility for ITR-1 & ITR-4 for Assessment Year 21-22 and accordingly discontinued Excel and Java Version of ITR Utilities from AY 2021-22. ...

CBDT releases ITR-1 and ITR-4 JSON Utility

The Central Board of Direct Taxes (CBDT) has released JSON Utility for ITR-1 & ITR-4 for Assessment Year 21-22 and accordingly discontinued Excel and Java Version of ITR Utilities from AY 2021-22. Recently,&n...

CBDT notifies New Income Tax Return Forms for AY 2021-22

The Central Board of Direct Taxes has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 vide Notification no.21/2021 dated 31.03.2021. Keeping in view the ongoing crisis due to COVID pande...

Last date for linking PAN with AADHAAR extended to 30-06-21

Central Government has extended the last date for linking of Aadhaar number with PAN from 31st March, 2021 to 30th June, 2021, in view of the difficulties arising out of the COVID-19 pandemic. It may be pertinent...

Advisory on filing of GSTR-1 for Jan-Mar 2021 under QRMP

The Central Board of Indirect Taxes and Customs (CBIC) has issued an Advisory on filing of GSTR-1 for Jan-Mar 2021 under QRMP Scheme. The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility...

CBIC waives Penalty for non-compliance to dynamic QR code

The CBIC has notified the waiver of penalty for non-compliance to QR code provisions if compiled by July 01, 2021 for default during the period December 1, 2020 to June 30, 2021 vide Notification No. 06/2020 dated 3...

CBDT notifies New IT Rules and Forms for Trust and NGOs

CBDT vide Notification No. 19/2021 dated 26.03.2021 has notified the new registration procedure for NGOs and Charitable Trusts and other institutions under section 12AB and section 10(23C) of the Income Tax Act, 1961 thr...

CBDT defers reporting under Clause 30C and Clause 44

The Central Board of Direct Taxes (CBDT) has once again delayed the reporting under Clause 30C and Clause 44 under the Tax Audit Report till the date 31st March 2022 due to the COVID-19 pandemic across the coun...