25% Reduction in TDS/ TCS Rates from 14th May 2020 (FY 2020-21)
TDS Rates for non-salary payments and TCS Rates for specified receipts have been reduced by 25% in respect of the remaining period of Financial Year 2020-21 (i.e. during 14th …
Tag: GOI
ITR/ TAR Due Date Extended (FY 2019-20/ AY 2019-20)
Due dates for filing of all Income Tax Return (ITR) in respect of FY 2019-20/ AY 2020-21 have been extended from 31st July/ 31st October 2020 to 30th November …
Vivad se Vishwas Scheme extended upto 31 Dec. 2020
The period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020, as per Special Package of Rs 20 lakh crores (COVID-19) …
Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19)
Key Highlights of the Special economic and comprehensive package of Rs 20 lakh crores Announced by the Govt. of India, for relief and credit support related to businesses, especially …
Revised Interest Rates for Small Saving Schemes FY 2019-20/ 2020-21 (NSC, PPF, KVP, SSAS, SCSS)
Govt. has notified the revised/ reduced interest rates for Small Saving Schemes (NSC, PPF, KVP, SSAS, SCSS, etc.) in respect of Q1 of FY 2020-21 (1 April to 30 …
Finance Act, 2020 notified by Govt. post President’s Ascent (Download pdf)
Ministry of Law & Justice, Govt. of India has notified the Finance Act 2020, which has received assent of the Hon'ble President of India, i.e. final approval for the …
Comprehensive Relief Package for Compliance Deadlines announce by Govt. (COVID-19)
Govt. announces comprehensive relief package for routine/ year end closing compliance and filing deadlines, to avoid penal consequences for taxpayers/ businessman who are already facing stress of COVID-19.
EPFO recommends Reduced PF Interest Rate at 8.50% for 2019-20
Central Board of Trustees (CBT) of the EPFO has recommended to reduce/ lower the PF Interest Rate from 8.65% (for FY 2018-19) to 8.50% (for FY 2019-20) for crediting …
Union Budget India 2020-21/ Finance Bill, 2020 (Download PDF Copy)
India’s Union Budget (2020-21)/ Finance Bill, 2020 has been presented by MoF Mrs. Nirmala Sitharaman in the Parliament, today (i.e. 1st Feb. 2020). Download PDF Copy of Budget 2020-21/ …
Govt. raises threshold limits for filing Departmental Appeals before Tribunals/ HC/ SC
To reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers in the matters of direct/ indirect taxes, the Govt. has decided to raise …