- CBDT deffer GST and GAAR reporting in tax audit by one year
- Income Tax Circular No. 10/2020
- Order under section 119 of the Income-tax Act, 1961
- Section 44AB of the Income-tax Act, 1961
We all wish, TDS, TCS last dates should also have been extended.
However, probably, Govt also needs money to fight the Covid19. 🦠🦠🦠
So, in that background please read the message below
For TDS/TCS Payment.
Due Date of TCS Pymt for March :7th April 2020.
Due Date of TDS Pymt for March :30th April 2020.
Last date is not extended.
please pay, if you can
(MLG recommends this as well, at least on your best estimates)… if short, you pay balance later, and if excess, you can claim that in FY 20-21 returns easily, with no problem at all.
If you cannot pay due to any reason. Govt has given a Grand 50% Corona Discount.
And 👉 Interest will be charged at only @ 0.75% pm instead of 1.50% pm in normal cases, (for payments upto 30th June 2020).
Adding smiles…. even at the time of Covid19.
Always at your service
Tax saving investments for FY 2019-20 under section 80C, 80D,80G etc. can be made till 30.06.2020 instead 31.03.2020.
What does this mean
What this doesn’t mean