Major relief for taxpayers!CBDT issues Notification no S.O. 2033(E) dated 24th June, 2020 on Taxation & Other Laws, further extending the time limits for various compliances. Notification to come into force from 30th June, 2020 & is available at: https://t.co/4RD6AiRNnT https://t.co/vwmrsRgNLV June 24, 2020 Read more
Govt extends various time limits under the Direct Tax & Benami laws, providing further relief to taxpayers for making compliances under these laws. Notification dt 24th June,2020 issued. Time limits had earlier been extended by Taxation & Other Laws Ordinance on 31st March, 2020. https://t.co/xc2HgjuAzY June 24, 2020 Read more
In view of the unprecedented economic crisis emanating due to the COVID-19 situation,CBDT has deferred the implementation of new procedure for approval/registration/notification of certain entities u/s 10(23C),12AA, 35 & 80G of IT Act,1961 to 1st October,2020. May 08, 2020 Read more
Govt gives relief on residency status to NRIs/foreign visitors whose stay in India got prolonged due to lockdown.Prolonged stay in India to be discounted.CBDT issues Circular no.11 dt 8th May,2020 clarifying residential status u/s 6 of ITAct wrt FY2019-20. Further, Circular for determining the residential status in such cases for Financial Year 2020-21 would be issued in due course, depending upon normalisation of/ resumption of international flights.#IndiaFightsCorona #StayAtHome https://t.co/yhKP6mf1Mg May 08, 2020 Read more
MHA issues order reg. #lockdownextension for 2 weeks w.e.f. 04.05.2020, to fight #COVIDー19. New guidelines have permitted considerable relaxations in #Lockdown3 restrictions, within the districts falling in the Green and Orange Zones. #IndiaFightsCoronavirusPress Release👇 https://t.co/cNDNI7Anp8 May 01, 2020 Read more
CBDT takes further steps to ease compliance for taxpayers due to COVID-19 pandemic.Vide order u/s 119 of IT Act, 1961 in Circular No.10/2020 dt 24/04/2020, the reporting under clause 30C & 44 of Tax Audit Report shall be kept in abeyance till 31st March, 2021. Source: https://t.co/n14rQ9ttNm April 27, 2020 Read more
Home Ministry issues clarification on its order of opening of shops: =>In rural areas, all shops, except those in shopping malls are allowed to open.=>e-Commerce cos will continue to be permitted for essential goods only=>sale of liquor and other items remains prohibited https://t.co/FG6pXYRLYZ April 25, 2020 Read more