On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act, 1961 read with Income-tax Rules, 1962 (Rules), Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Act, extends the due dates for electronic filling of such forms as under. The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July 2021 under
Tag: Due Date Extension
One More Extension!
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.21. The details are as under: Further, considering the non-availability of the utility for e-filing of certain Forms, the CBDT has decided to extend the due dates
2nd Wave Extension!
A. Extension of Timelines! B. Exemption! Exemption (in case of death due to COVID and money received as relief in FY 2019-20 and onwards): Important Judicial Precedents
Extension of Due Date!
Extension of time limits of certain compliances to provide relief to taxpayers in view of the serve pandemic. Compliance Original Due Date Revised Due Date TDS Return for quarter ending March 2021 31st May 2021 30th June 2021 Issuance of TDS Certificate in Form 16 15th June 2021 15th July 2021 Filing of Return of Income for FY 2020-21(Non audit Case) 31st July 2021 30th September 2021 Tax Audit for FY 2020-21 30th September 2021 31st October 2021 Filing of
Government extends timelines of certain compliances in light of the severe pandemic
Also, extend the time limits to June 30, 2021 in the following cases where the time limit was earlier extended to 30th, April 2021. Judicial Update
Extension! Extension! Extension!
Important Judicial Precedents
There is nothing called as good tax but there is something surely called as defer levy
In the testing time the government has been supporting by deferring the compliance dates and capping Late fees. Clarification is offered by CBIC on the limitation of GSTR-2A mismatch would not apply on ITC from RCM, Imports and ISD and non exigibility of GST on Directors Remuneration to executive directors. Gujarat High Court, Ruling-1 Om Sai Trader– Issue Involved: Validity of notice issued due to discrepancy in e-way bill regarding registration no. of vehicle. Facts: In the aforesaid case the