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MCA issue notification regarding Amendments in Companies (CSR Policy) Rules, 2014 of the Companies Act, 2013 dated on 24 th August, 2020, which inserted the proviso in rule 2, in sub-rule (1), in clause (e). This amendment is regarding the research and development of the new vaccine, drugs, medical devices related to the COVID-19 for […]
The Ministry of Corporate Affairs through General Circular no. 28/020 has notified that companies that have not been able to conduct their AGM for FY ending 31/03/2020 can now voluntarily seek for extension of the time period to hold AGM by filing Form No. GNL-1 with the concerned registrar of the companies on/before 29/09/2020
CBDT extends due date for filing Income Tax Return for FY 2018-19(AY 2019-20) vide notification 56/2020 dated 29th July, 2020. The due date for filing ITR was 31.07.2020 it has been extended to 30.09.2020. Taxpayers can still file belated income tax return u/s 139(4) for FY 2018-19 and in case of any corrections need to […]
Nature of Compliance Original Due Date New due dates notified on 24/06/2020 Filing of TDS/TCS Statements Form 24Q, 26Q, 27Q and 27EQ of Q4 of FY 2019-20 31.05.2020 31.07.2020 Form 24Q, 26Q, 27Q and 27EQ of Q1 and Q2 of FY 2020-21 As per Rule 31A/31AA 31.03.2021 Form 26QB, 26QC and 26QD of February, 2020 […]
Amendments made in form 26Q, 27Q and 27EQ with respect to newly inserted section of 194N under Income Tax Act, 1961 New columns have been inserted in the forms asking for the details of the cash withdrawals beyond the limits specified u/s 194N.
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 […]
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 […]
CBDT has introduced another measure towards compliance of Income Tax Returns. The Faceless Income Tax e-campaign was started by the department by bringing in changes in Form 26AS related to SFT Transactions. This is another step towards the e-campaign. The 12 days e-campaign starting from 20th July, 2020 to 31st July, 2020 focuses on the […]
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 […]
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