1️⃣ Income Tax:*
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*Cost Inflation Index* has been notified by CBDT for *FY 2020-21* to be
For TDS/TCS Payment
For TDS/TCS Payment.
Due Date of TDS/TCS Pymt for May 2020 : 7th June 2020.
Due date is not extended.
And
Labour Welfare Fund for 2019 (Jan’19 to Dec’2019)*
Labour Welfare Fund for 2019 (Jan’19 to Dec’2019)*
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Have you paid already??
If yes ——- Good
♦
If Not paid
MASTER UPDATES
1️⃣ _*income Tax:*_
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MASTER UPDATE
NEW UPDATES:*
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️Income Tax:*_
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## *TDS Rates have been reduced* w.e.f. 14.05.2020 by *25% of the existing* rates. Here are *some clarifications in this regard*:
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*a. The reduction in rates* will not be applicable to *TDS on Non-Residents u/s 195*.
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*b. The reduction in rates* will not be applicable in *Non PAN cases (20% FLAT Rate) u/s 206AA.*
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*c. The reduction in TDS Rate* will be applicable on *invoices due or payments done on or after 14.05.2020* even if invoice date is before 14.05.2020. *What you have to see is
CA Faridabad, CA Firm, BPO, Accounting Outsourcing, Taxation, GST Returns
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