COVID-19 Update: We are working at peak capacity. Thanks to our strong IT infra and motivated Human Resource, which helps us manage and provide you the same quality services even from our home.

Extension of Due dates for TDS/TCS Compliances

Jul 19

One time relaxation for verification of IT Returns from AY 2015-16 to AY 2019-20 which were pending due to non-filing of Form ITR-V

Large number of electronically filed ITRs are still pending with the department for want of receipt of valid ITR-V Form. In case of return from AY 2015-16 to AY 2019-20 which were filed electronically by the taxpayer within time allowed under section 139 of the Act and which are remained incomplete due to non-submission of […]
Jul 19

SFT Details now to be shown in Part E of form 26AS

From this Assessment Year, taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers’ financial transactions as specified in the Statement of Financial Transactions (SFTs) in various categories. Part E of the Form 26AS will include following details of SFT transactions, 1. Type of Transaction 2. Name of SFT filer […]
Jul 18

New announcements of  Aatma Nirbhar Bharat Abhiyaan

Prime Minister, Mr. Narendra Modi, announced a special economic package of Rs 20 lakh crore.This note summarises the key measures proposed under the economic package. 1.Measures for businesses (including MSMEs) Financial Highlights Collateral free loans for businesses Corpus for MSMEs Subordinate debt for MSMEs Schemes for NBFCs Employee Provident Fund (EPF) Statutory PF contribution Street […]
Jul 17

New contact number of Corporate Seva Kendra

Ministry of Corporate affairs recently updated its Contact Number of Helpdesk from 17/07/2020 08.00 Am onwards, For Any Query Related To Company Name Availability And Company Incorporation, Please Contact CRC Helpdesk : 0120-4832500 (Option 1) Email: CRC.Escalation@Mca.Gov.In For Any Query Related To Company Or LLP E-Filings, Payments Or View Public Document(VPD), Please Contact Corporate Seva Kendra : 0120-4832500 (Option 2) Email: Appl.Helpdesk@Mca.Gov.In
Jul 14

Verification of Applicability u/s 194N

CBDT provides utility for banks and post offices to ascertain the TDS applicability rates on cash withdrawals. Through this utility the banks and post offices will only have to enter PAN of the person who is withdrawing the cash and they will be able to ascertain the TDS applicability rate on cash withdrawals above 20 […]
Jul 4

NEW CRITERIA FOR MICRO, SMALL AND MEDIUM ENTERPRISES

The Central Government vide notification in the Official Gazette makes the following amendment in section 7(1) of the ‘Micro, Small and Medium Enterprise Development Act, 2006’ specifying the criteria for classification of micro, small and medium enterprises Enterprise Investment in Plant and Machinery not exceeding Rs. Turnover not exceeding Rs. Micro Enterprise 1 Crore 5 […]