Suraj Rajput

Relief in late fee to Taxpayers filing Form GSTR-1

86 ViewsRelief in late fee to Taxpayers filing Form GSTR-1 Government has extended dates for GST filings as notified vide Notification No. 53/2020 dt 24.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. 2.Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Tax period Due Date Waiver of late fee if return …

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Relief in payment of interest to Taxpayers filing Form GSTR-3B

96 ViewsRelief in payment of interest to Taxpayers filing Form GSTR-3B 3. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from Feb, …

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Relief in opting for Composition by Taxpayers, filing other Returns & EWB.

94 ViewsRelief in opting for Composition by Taxpayers, filing other Returns & EWB. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Central Tax Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020 & 55/2020 dated 27.06.2020.4.Opt in for Composition in FY 2020-21 Normal Taxpayers …

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INCOME TAX NOTIFICATION NO-42

114 ViewsINCOME TAX NOTIFICATION NO-42 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 30th June, 2020 G.S.R. 423(E).—In exercise of the powers conferred by section 50CA read with section 295 of theIncome-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rulesfurther to amend the Income-tax …

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INCOME TAX NOTIFICATION NO-41

109 ViewsINCOME TAX NOTIFICATION NO-41 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 30th June, 2020(INCOME–TAX) S.O. 2148(E).—In exercise of the powers conferred by the proviso to sub-section (3) of section 9Aof the Income-tax Act, 1961(43 of 1961), the Central Government hereby notifies that the conditionsspecified in clauses (e), (f) and (g) …

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Seeks to make eighth amendment (2020) to CGST Rules

127 ViewsSeeks to make eighth amendment (2020) to CGST Rules [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNotification No. 58/2020 – Central Tax New Delhi, the 1st July, 2020 G.S.R…(E). – In exercise of the powers …

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Definitions | Section – 2, Income-tax Act, 1961

662 ViewsDefinitions | Section – 2, Income-tax Act, 1961 Definitions. 2. In this Act, unless the context otherwise requires,—  (1) “advance tax” means the advance tax payable in accordance with the provisions of Chapter XVII-C; (1A) “agricultural income”1 means— (a) any rent or revenue derived from land which is situated in India and is used for agricultural …

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Short title, extent and commencement| Section – 1, Income-tax Act, 1961-2020

102 ViewsShort title, extent and commencement | Section – 1, Income-tax Act, 1961-2020 INCOME TAX ACT,1961 [43 OF 1961] [AS AMENDED BY FINANCE ACT, 2020 AND TAXATION & OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in …

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