The Central Board of Direct Taxes (CBDT) vide Circular No. 8/2020 dated April 13,2020 has clarified that an employer will have to deduct TDS for FY 2020-21, from an employee's salary on the basis of the tax regi...
CBDT has issued a press release dated 18th July, 2020 to inform to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from today i.e : 20th July, 2020. Government of India Department of...
Due to Covid 19 pandemic in India, CBIC has extended the Due Dates of filing GSTR returns of various assesses for the months of February 2020 to August 2020. There are different due dates for different types of ...
CBDT vide Circular No. 13/2020 dated 13.07.2020 has provided one-time relaxation for Verification of income-tax returns for the Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non...
CBDT vide its Order issued under section 119 dated 10th July 2020 has extended the time limit to 31.10.2020 for processing of returns with refund claims under section 143(1) of the Income-tax Act,1961 beyond the pre...
Considering the tide of COVID 19 on the Indian Economy, RBI on 27th March announced Moratorium for term loans inclusive of Home loans etc for a period of six months starting from March 1, 2020 to Augu...
In order to tighten the noose on those who don’t file income tax returns (ITR) despite earning taxable income and discourage cash transactions, the Finance Act 2020 introduced higher TDS (tax deducted at source) ra...
CBDT notifies Amendment in Rules related to allowances for the purposes of clause (14) of section 10 for those who opted Lower Tax Rate Option vide Notification No. 38/2020-Income Tax dated 26th June ...
The Income Tax Department has notified the income tax returns for assessment year (AY) 2020-21 making it mandatory for assessees to file I-T returns for high-value transactions. The high-value tra...
Companies which have postponed vendor payments due to a liquidity crunch brought on by the Covid-19 crisis will have to face further working capital woes due to credit reversal with interest under the...
