Should All PAN Holders File Income Tax Return Mandatorily? Find complete information here and ensure 100% tax compliance and peace of mind.
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General
New Income-tax Notification for Return filing
In case of Individuals, Income-tax returns has to be filed mandatorily even if income is below taxable limits, in respect of few specified situations. Those specified situations are :- Payment of Electricity bill Exceeding Rs. 1 Lakh. Expenditure for Foreign Travel exceeding Rs. 2 lakhs. Deposit in Current account exceeding Rs 1 Crore The Income-tax
New Income-tax Notification for Return filing Read More »
Are you liable to pay Advance Tax? Check this out….
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Are you liable to pay Advance Tax? Check this out….
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Filing your income taxes on time can actually help you save money. Find out how..
As per provisions of Income-tax Act,1961 every assessee shall file his return of Income on or before the due dates for filing the returns. The deadline for filing Income-tax returns for the Financial year 2020-21 (Assessment Year 2021-22) is as follows :- Type of the Assessee Due date for filing Assessees whose accounts are not
Filing your income taxes on time can actually help you save money. Find out how.. Read More »
Retail & Wholesale Trade is now MSME
As per the existing guidelines , Retail and Wholesale trade is out of the ambit of MSME. The trade has been requesting the Government of India to include Retail & Wholesale Trade also within the ambit of MSME there by the benefits of MSME will reach these type of businesses also. With the revised guidelines,
Retail & Wholesale Trade is now MSME Read More »
Government extends timelines of certain compliances in light of the severe pandemic
In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates may be relaxed, the Government has extended certain timelines today. In the light of multiple representations
Government extends timelines of certain compliances in light of the severe pandemic Read More »
Clarification on issue of GST on Airport levies
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Clarification on issue of GST on Airport levies Read More »
Clarification on scope of support services to exploration, mining or drilling ofpetroleum crude or natural gas or both
[gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-114.pdf”]
Clarification regarding GST rates & classification (goods)
[gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-113.pdf”]
Clarification regarding GST rates & classification (goods) Read More »
Due date for filing Returns (Non Audit) extended
The Central Board of Direct Taxes (CBDT) vide its Order u/s. 119 of the Income-tax Act,1961 , dated 23rd July 2019 has extended the due date for filing the Income-tax returns in respect of all taxpayers who are liable to file Income tax returns. The extended due date is 31st Aug 2019 (earlier due date
Due date for filing Returns (Non Audit) extended Read More »
Update for GST Composition Dealers
The Composition dealers are required to comply with Payment of Tax & File yearly return from the year 2019-20 onwards. (As per notification 21/2019 -Central Tax – dtd 23rd April 2019) The above said payment shall be made by Composition dealers through form CMP-08 on or before 18th July 2019 (For quarter Apr 19 to
Update for GST Composition Dealers Read More »
GST – MSME Sector
The Government of India has released a publication containing various provisions and benefits provided under GST regime to MSME sector. The same can be downloaded in the below link :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2019/07/GST_MSMEs_Booklet_01072019.pdf”] Source :- www.cbic.gov.in
Advance Tax Calculator for AY 2020-21
The due date for payment of Advance tax for the year 2019-20 (AY 2020-21) falls on 15th June 2019. Click here to open a tool which will help you calculate your Advance tax liability. Click here for the link for Payment of Advance Tax online. Please ensure to give your correct PAN , Address ,
Advance Tax Calculator for AY 2020-21 Read More »
GST Set off rules changed w.e.f. 01st Feb 2019
GST Set off rules changed w.e.f. 01st Feb 2019 The GST Amendment Act has been made applicable w.e.f. 1st Feb 2019. One of the important changes in the GST Amendments is that the manner of set off of Input Tax credit. Before amendment, the GST was Set off as under :- [table id=32
GST Set off rules changed w.e.f. 01st Feb 2019 Read More »