S. No. Statue Purpose Compliance Month/Period Due Date Extended Due Date (If any) Event Details 1 Income tax TDS/TCS Payment Aug-21 07-Sep-21 7-Sep-21 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. 2 GST GSTR-7 – TDS Return Aug-21 10-Sep-21 10-Sep-21 GSTR-7 is a return to be filed by
The Central Board of Direct Taxes has vide its Notification No 28/2021 dated 01st April 2021 notify the amendment in Tax Audit Report under section 44AB of the Income Tax Act, 1961. As per the said notification following changes has been done in the Tax Audit Report:- Tax Audit Report can be revised if any
The Central Board of Direct Taxes (CBDT) vide its Notification No 16/2021 dated 12th March 2021 issue the amend the Rule 114E of the Income Tax Rules, 1962 with regards to the furnishing of statement of financial transactions. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th March
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th March, 2021 G.S.R. 155(E).—In exercise of the powers conferred by sub-clause (viia) of clause (2) of section 17 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the
F. No. 370142/1812020-TPL Government ofIndia Ministry of Finance .Department of Revenue Central Board of .Direct Taxes ***** New Delhi, 3rd March, 2021 Residential status of certain individuals under Income-tax Act, 1961 Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to the determination of residency of a person. The status of an
The Income Tax Department carried out search & seizure operations on 24.02.2021 on a major Pharmaceutical group based out of Hyderabad. This Pharmaceutical group is engaged in the business of manufacturing of intermediates, Active Pharmaceutical Ingredients (APIs) and formulations. Majority of the total manufactured products are exported to various countries i.e. USA / Europe. The
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th February, 2021 S.O. 966(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act),
TDS Rate Chart for the Financial Year 2021-22 (Assessment Year 2022-23) Section Nature of Payment Threshold Limit TDS Rate 192 Payment of Salary Taxable Income liable to tax according to slab as per old or new regime Slab rate as per old or new regime 192A Payment of the accumulated balance in employees provident fund
