Now the organizations can carry forward the benefit of lower deduction certificate received for FY 2019-20 till 30.06.2020. A welcome order u/s 119 of the Income Tax has been passed by the Central Board of Direct Taxes on 31st March,…
read moreExcellent step taken by Finance Ministry amidst the Covid-19 pandemic to give relief to the tax payers: 1. The due date for filing Income Tax Returns for FY 2018-19 has been extended to 30th June, 2020. 2. The last date…
read moreInstant PAN allotment System for aadhaar card holders announced in the Budget 2020 is now here. a) So, no more payment has to be done for obtaining the PAN.b) No extra documentations are required.c) No more waiting for Physical PAN…
read moreLast few days left to avail the condonation route for AY 2016-17 & 2017-18 If Tax Audit Report in Form 10B has been filed after the due date specified u/s 139 but the income tax return is filed well within…
read moreThe insertion of Section 13(9) read with Section 11(2) is a major setback for charitable organizations since they might be denied exemptions only for delayed filing of a particular form. There are multiple decisions of various high courts wherein the…
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