
Amendment under Income Tax | Finance Bill, 2021-Union Budget
Following are the amendments proposals in the Finance Bill 2021 1. TDS in case of specified senior citizen and exempt for filing ITR For the
Our Team is built on the foundation of quality, trust, values, commitment and client satisfaction. We believe that a right combination of industry experience, work exposure, qualifications and technical expertise is essential in order to demonstrate team-work. Our Team is organised into a matrix of various service offerings coupled with client facing teams.
Kavit Vijay, partner in the firm has 10 years’ experience in Audit and Assurance. He heads Audit and Assurance division of firm. He is specialized in:
Kavit has great exposure in Audit and Assurance, ROC, New Business Set Up, Internal Control Systems Development, Cost Optimization Consultancy especially for SME, Proficiency in application of accounting standard and finalization of balance sheet complying with the accountings standard issued by ICAI. He has also successfully represented clients before tax authorities at various levels on Tax Litigation Matters under Income Tax.
He received his Bachelor’s degree in Commerce (Honors) from the University of Delhi and is currently fellow member of the Institute of Chartered Accountants of India. He is also certified for Valuation from ICAI.
Following are the amendments proposals in the Finance Bill 2021 1. TDS in case of specified senior citizen and exempt for filing ITR For the
With effect from 28th December, 2020, every jeweller who is engaged in cash transactions of INR 10,00,000 or above (through single operation or several linked operations) and Real Estate agents having annual turnover of INR 20 Lacs or more, is covered by PMLA
Central Bank of India, i.e., Reserve Bank of India (“RBI”) is responsible for forming Monetary Policies. Under Monetary policies, RBI uses various tools to control supply of money in the market so that inflation can remain in control and for the purpose of sustainable Economic Development also.
1. New Income Tax Return filing due dates for FY 2019-20, AY 2020-2021 Compliance Period Earlier extended Due Date* Extended Due Date No. of days
Hon’ble Finance Minister presented the Budget for the Year 2020-2021 on 1st February, 2020. This budget was a landmark budget so far as it introduced notable amendments providing major relief across all the sectors, ranging from individuals to the corporates. Amendments were provided for both Income Tax Act and Goods and Service Tax Act and various other important statues.
Vide press release dated 24th October, 2020, CBIC has extended the due date of filing of GST Annual return (GSTR-9/GSTR-9A) and Reconciliation Statement (GSTR-9C) for FY 2018-19 from 31st October, 2019 to 31st December, 2019.
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