Posted at 09:48h
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S. No
Form No.
Nature of Filing
Compliance
Timeline
1
MBP-1
Mandatory
Disclosure of Interest by Director
First Board Meeting of the FY (Gap of 120 days between two meetings.
*due to COVID-19, 120+60=180 Days)
2
DIR-8
Mandatory
Disqualification of Director
First Board Meeting of the FY
3
MSME-1*
Event Based
For reporting dues to MSME exceeding 45 days, if any on half yearly...
Posted at 12:20h
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by MisAdmin
The CBDT has notified the Income Tax Returns for the F/Y 2019-2020 (A/Y 2020-2021) on 29th May,2020 which became effective from 30th May,2020.
Joint House Ownership:
Individual taxpayers who are joint owners of house property can now file their annual income tax return using the simple...
Posted at 08:09h
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by MisAdmin
For all those who have no tax liability but have not filed GST returns for tax period July 2017 - Jan 2020 (prior to #COVID19 period), there shall be no late fee at all.
For people who have tax liability, maximum late fee for...
Posted at 10:10h
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by MisAdmin
ITR-1 & ITR 4 forms for A.Y. 2020-21 released for e-filing by Income Tax Department.
What is Income Tax Filing Process?
Income Tax Filing is the process of declaring your taxable income, deductions, and tax payments for the applicable financial year.
What is the due date for ITR...
Posted at 07:12h
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by MisAdmin
ITR-1 & ITR 4 forms for A.Y. 2020-21 released for e-filing by Income Tax Department.
Who are eligible to file ITR-4?
An Individual, HUF or Firm (other than LLP) who is ordinarily resident in India.
Income from salary/pension (for ordinarily resident person).
Income from one house...
Posted at 12:42h
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by MisAdmin
In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, a new provision namely Section 269SU was inserted in the Income-tax Act, 1961 (“the Act”), vide the Finance (No. 2) Act 2019.
This section requires...
Posted at 10:54h
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by MisAdmin
On 13th May 2020, the Central Government officially revised the definition of MSME. The same was hereby notified on 1st June 2020. The new definition also eliminates the distinction between the manufacturing sector and services sector as against the existing criteria. Also, additional criteria of...
Posted at 08:22h
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by MisAdmin
Form 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their Permanent Account Number (PAN)
Form 26AS has now been revamped to an 'Annual Information Statement' which apart from the TDS/ TCS details, shall now contain comprehensive...
Posted at 08:16h
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by MisAdmin
Posted at 12:58h
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by MisAdmin