BIG RELIEF IN GSTR-1 FILING NOVEMBER 20 |OPTION TO AMEND INVOICES FOR FY 19-20 IN GSTR1

 

CBIC has released a guidebook for Faceless Assessment

https://www.cbic.gov.in/resources//htdocs-cbec/deptt_offcr/Guidebook_Faceless_Assessment_29Oct2020.pdf;jsessionid=1CC87B4E8C1C3F02820F799E8BD1708C

Increase in fake CA certification

 

GST Audit date further extended

 

Finance Ministry: Extension of due date of furnishing of Income Tax Returns and Audit Reports

https://pib.gov.in/PressReleasePage.aspx?PRID=1667281

Income Tax Department has released New Tax Audit utility - Schema Version 1.21

 

Free Income tax Return filing for senior citizens for FY 2019-20

 We at CANEWSBeta are happy to announce Free Income tax Return filing for senior citizens for FY 2019-20. Following are the terms and conditions:

Analysis of of Tax Collected at Source TCS under Section 206C (1H) of the Income Tax Act, 1961 on sale of goods wef 1st October 2020

 

Tax Collected at source (TCS) is Income Tax which is required to be collected by the seller (Collector) from the Buyer along with the Price of Goods and applicable taxes. Provisions relating to tax Collected at Source has been enumerated in section 206C of the Income Tax Act, 1961. There are various goods on which tax has to be collected at source which is given below :-

GSTR9/9C Big Update|Gstr9 Big Relief By Cbic|New Clarification By cbic

 

ICAI announces postponement of Foundation exams and Op-out scheme for all students appearing in November 2020 exams

 https://www.icai.org/post/important-announcement-nov2020-exams

TCS new provision wef 1st October 2020 in simple chart

 

Subramanyam Swami on possibility of postponing CA exams scheduled in November 2020

 

TCS on sale of goods under Income Tax wef 1st Oct 2020

GSTR-9 DUE DATE EXTENSION UPDATE|GSTR 9 FILING|GST ANNUAL RETURN

 

Live Webinar Series -2 on “ICAI in Conversation with its Students”

 

BOS (Academic) & SSEB of ICAI presents “ICAI in Conversation with its Students”, a Live Series-2 Interactive Session with students on

MCA Due Dates September 2020

High lights of the RACP Bill 2020 introduced in Lok Sabha.(Bill no- 116 of 2020)

 

Direct Taxes 

High lights of the RACP Bill 2020 introduced in Lok Sabha.(Bill no- 116 of 2020)

1) ITR filing for AY 2019-20 is to be extended from 30th Sep to 31-3-2021.

2) ITR filing for AY 2020-21 is to be extended from 30th Nov. to 31-3-2021.

3) Filing of audit reports under any provision for AY 2020-21 is to be extended from 31st Oct to

GST DATA FOR JULY 2017 DELETED FROM GST PORTAL|GST RETURN FROM GST PORTAL REMOVED

ICAI announces financial assistance to its members and their dependants suffering from Corona virus

ICAI has announced financial assistance  of Rs. 1.5 lakhs to its members and their dependants suffering from Corona virus. This is being done through Chartered Accountants Benevolent Fund

ICAI clarifies on the news article by Times of India with regard to use of acronym "ICAI" by Institute of Cost Accountants of India

Click here to download the clarification