Compliance Check functionality of Tax Department for sections 206AB & 206CCA (applicable w.e.f 1 July 2021)

Posted on June 22, 2021

The Finance Act, 2021 had brought in section 206AB (TDS for non-filers of Income Tax Return) & 206CCA (TCS for non-filers of Income Tax Return) which is effective from 1 July 2021. These sections mandate tax deduction (section 206AB) or... Read More →

Posted in Direct Tax |

Some Important Changes w.r.t TDS/TCS provisions from 1st July 2021

Posted on June 14, 2021

(Assessee’s may prepare for compliance to the extent applicable to them) The Finance Act, 2021 had brought in the following changes w.e.f 1st July 2021 in respect of TDS/TCS provisions: 1. Section 194Q – Deduction of tax at source on... Read More →

Posted in Direct Tax |

Gist of Notifications dated 1st June, 2021

Posted on June 3, 2021

In exercise of powers conferred by various provisions of CGST Act 2017, CBIC issued various Notifications on 1st June, Gist of notifications are as follows:   Notification No. Gist of notifications 16/2021- Central Tax Provision for liability of interest has... Read More →

Posted in GST |

Extension of Certain Due Dates by CBDT on 20th May, 2021 vide Circular No.9/2021

Posted on May 21, 2021

In the light of adverse circumstances arising due to the severe 2nd wave of 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... Read More →

Posted in Direct Tax |

Extension of Certain Due Dates by CBDT on 30th April, 2021

Posted on May 3, 2021

In the light of adverse circumstances arising due to the severe 2nd wave of 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... Read More →

Posted in Direct Tax |