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Indian MSMEs as Growth Engines to Economy

Posted on by Business So Simple in MSME

Ministry of Micro,Small & Medium Enterprises press release dated 28 June 2021

Minister For MSME and Road Transport and Highways Shri Nitin Gadkari emphasizes on all-round efforts for implementation of various initiatives undertaken as part of Aatmanirbhar Bharat

Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has emphasized that all-round efforts are required for implementation of various initiatives undertaken as part of Aatmanirbhar Bharat. Addressing, a Virtual Conference on Indian MSMEs as Growth Engines to Economy on the occasion of International MSME Day the minister mentioned that in the journey of making Aaatmanirbhar Bharat, it is imperative that special focus is laid towards Agriculture, Food Processing industry, Leather and Tribal Industries. Further he also urged to make use of technology and mentioned that research, innovation and quality improvement can play a major role in industrial development.

On this special occasion, Minister for MSME, Shri Nitin Gadkari launched the integrated services of Udyam Registration Portal with Common Service Centre (CSC) Portal to increase penetration of benefits of various Government schemes amongst MSMEs in far-flung areas.

Minister of State for MSME and Animal Husbandry, Dairying & Fisheries, Shri Pratap Chandra Sarangi stated that Ministry is supporting MSMEs through various schemes and initiatives to enhance manufacturing competitiveness and unleash the true potential of MSMEs. He also emphasized on the importance of Import substitution and encouraged MEMEs to adopt digital tools and techniquesin unprecedented times, to re-build and craft new models that will ensure speedy revival of their businesses and become future ready.

During the Panel Discussions chaired by Secretary (MSME) and Additional Secretary & Development Commissioner (MSME), special emphasis was laid on Export promotion and making use of Free Trade Agreements (FTA) for achieving India’s goal of becoming a $5 trillion economy by 2025. In another Session on Enabling MSME E-commerce for Business Beyond Borders, it was highlighted that in recent years, the emergence of online markets through e-commerce has boosted and had a positive impact on MSMEs. By adopting e-commerce, MSMEs stand to gain significant advantages such as increased revenues and margins, improved market reach, access to new markets, savings in marketing spending, customer acquisition and enhanced customer experience. Ministry of MSME is committed towards providing requisite support to the MSMEs and upcoming entrepreneurs in strengthening Indian economy and working towards vision of Aatmanirbhar Bharat.

On the occasion of International MSME Day,the Virtual Conference on Indian MSMEs as Growth Engines to Economy was organised by the Ministry of MSME in association with India SME Forum, Electronics & Computer Software Export Promotion Council, Export Promotion Council for Handicrafts, the Gem & Jewelry export promotion council, Council for Leather Exports and All India Plastics Manufacturers’ Association on role of MSMEs in fueling the growth to achieve the PM’s vision of USD 5 Trillion Economy.

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MJPS

All High Court, SC websites-Make Indian Judicial System more Accessible to the Disabled

Posted on by Business So Simple in Legal awareness

All High Court websites now have captchas accessible to physically disabled people


The e-Committee, Supreme court of India’s special initiative to make Indian Judicial System more Accessible to the Disabled

Creation of Standard Operating Procedure (SOP) for generating accessible court documents is under process

Judgment Search Portal accessible to persons with disabilities created

The task of making the digital infrastructure of the Indian judicial system more accessible to persons with disabilities has been a core component of the work of the e-Committee, Supreme Court of India, in the last few months. A significant milestone that the e-Committee’s efforts towards this objective have yielded has been to ensure that all High Court websites now have captchas which are accessible to Persons with Disabilities (PwDs).

https://static.pib.gov.in/WriteReadData/userfiles/image/image0011H29.jpg

These captchas serve as entry points to access several essential facets of a court website, such as judgments/orders, cause-lists and checking the status of cases. Many High Court websites were hitherto exclusively using visual captchas inaccessible to the visually challenged, making it impossible for them to access such content independently. In coordination with all High Courts, the e-Committee has now ensured that visual captchas are accompanied by text/ audio captchas making the website content accessible to the visually challenged.

In a letter dated 16th December 2020, the  Chairperson of the e-Committee, Dr Justice D.Y. Chandrachud, exhorted all High Courts to make their digital infrastructure accessible to persons with disabilities in conformity with the constitutional and statutory entitlements of the disabled. The letter contained a series of structural interventions for all High Courts to undertake in this regard.

Pursuant to this letter, the e-Committee formulated an action plan to ensure the accessibility of the digital interface of all High Courts’ websites in Phase 1 of this project. Six parameters were devised to determine if the website of a given High Court was accessible. These were: Access to judgments; Access to cause-lists; Access to case status; Contrast/ colour theme; text size [A+AA]; and screen reader access.

The e-Committee conducted a series of sessions for the Central Project Coordinators of all High Courts and their technical teams to create awareness and impart training on ensuring accessibility of the digital interface of all High Courts’ websites and generating accessible PDFs. The websites of the High Courts now comply with the above parameters except for a few websites which are in the process of providing screen reader access. The status of the compliance of the High Courts with these parameters- Annexure A.

The e-Committee is also in the process of creating a Standard Operating Procedure (SOP) for generating accessible court documents and will serve as a user guide to its stakeholders. This will also address the issues of watermarks, entering content by hand, improper placement of stamps and inaccessible pagination of files. In this regard, the Chairperson of the e-Committee, Dr Justice D Y Chandrachud, has addressed a letter dated 25.06.2021 to the Chief Justices of all the High Courts for their input and suggestions on creating the said SOP.

Another significant initiative undertaken by the e-Committee in collaboration with NIC is creating a judgment search portal ( https://judgments.ecourts.gov.in  ) accessible to persons with disabilities.  The portal contains judgements and final orders passed by all High Courts. The portal uses a free text search engine. In addition, the portal provides the facility of using an audio captcha, along with a text captcha. It also uses accessible combo boxes, making it easier for the visually disabled to navigate the website.

The website of the e-Committee (https://ecommitteesci.gov.in/) and the e-Courts website (https://ecourts.gov.in/ecourts_home/) are also accessible to persons with disabilities. The eCommittee webpage is created on the S3WAAS platform, which complies with the standards for making websites accessible for the disabled.

The e-Committee’s training programmes for Lawyers also sensitise Advocates to adopt accessible filing practices.

These measures, cumulatively viewed, have significantly furthered access to justice for the disabled and served as a powerful affirmation of their dignity allowing them to participate in our justice system on equal terms. For legal professionals with disabilities, these measures have been a significant step in enabling them to participate in the profession on the same footing as their able-bodied counterparts. These initiatives of the e-Committee have helped transform our courts from sites of exclusion to bastions of inclusion for the disabled, and it is a way forward in creating an accessible and inclusive legal system.

Annexure A

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Ministry of Law & Justice Press Release dated 27 June 2021

New Accounting Standards Rules for Small and Medium Sized Company (SMC) w.e.f. 01st April 2021 -Companies (Accounting Standards) Rules, 2021 (MCA Notification dated 23 June 2021)

Posted on by Business So Simple in Company Law, Financial Prudence

Dear Friends,

Please find below YouTube Video link on New Accounting Standards Rules for Small and Medium Sized Company (SMC) w.e.f. 01st April 2021 -Companies (Accounting Standards) Rules, 2021 (MCA Notification dated 23 June 2021)

✅ New definition of SMC

✅Applicability date of AS rules

✅Obligation to comply with Accounting Standards

✅Benefits of New Definition

✅News analysis/expert views

Regards,
Bipul Kumar

Cost-effective, bio-compatible nanogenerators can harvest electricity from vibrations for optoelectronics, self-powered devices

Posted on by Business So Simple in Entrepreneurship, Startups

Scientists have fabricated a simple, cost-effective, bio-compatible, transparent nanogenerator that can generate electricity from vibrations all around for use in optoelectronics, self-powered devices, and other biomedical applications.

Searching for renewable energy resources with reduced carbon emissions is one of the most urgent challenges due to the increasing threat of global warming and energy crisis. Some of the unconventional methods to generate electricity include piezoelectric, thermoelectric, and electrostatic techniques used in devices like touch screens, electronic displays, and so forth.

The triboelectric nanogenerators (TENG) make use of mechanical energy in the form of vibrations present everywhere in different forms to generate electricity. The energy harvesting TENG works on the principle of creation of electrostatic charges via instantaneous physical contact of two dissimilar materials followed by generation of potential difference when a mismatch is introduced between the two contacted surfaces through a mechanical force. This mechanism drives the electrons to move back and forth between the conducting films coated on the back of the tribo layers. The method employed till date to design TENG use expensive fabrication methods like photolithography or reactive ion etching, and additional process like electrode preparation and so on.

Dr. Shankar Rao and his team from the Centre for Nano and Soft Matter Sciences, Bengaluru, an autonomous institute under the Department of Science & Technology, Government of India, have designed a transparent TENG, using thermoplastic polyurethanes (TPU) either in the form of electrospun nanofibers or as a flat film using the simpler Doctor’s blade technique, along with Polyethylene terephthalate (PET) as tribo layers.  TPU nanofibers are obtained from the electrospinning (ES) technique.  The Doctor’s blade technique, a routine procedure adapted in a variety of situations, squeezes the material through a blade and the substrate yielding a uniform thin layer.  The easy availability of the active material and the simplicity of the fabrication process make it cost-effective over currently available fabrication techniques. The resulting device is also highly efficient, robust, and gives reproducible output over long hours of operation. The results were published in ‘Journal of Nanoscience and Nanotechnology’.

The fabricated device could light up eleven LEDs by gentle hand tapping and could be a potential candidate for use in optoelectronics, self-powered devices, and other biomedical applications.

https://static.pib.gov.in/WriteReadData/userfiles/image/image0015JIT.png

Image of the flexible and transparent TENG device with PET as one and thermoplastic polyurethane (TPU) as the complementing tribolayer. With the application of a small force of 0.33N, the device provided 21.4 V and 23 µA as open-circuit voltage and short-circuit current, respectively, indicating the high efficiency of the device. In addition, the gentle hand tapping on the TENG device can power up to 11 light-emitting diodes (LEDs).

Publication link: https://doi.org/10.1166/jnn.2021.19143

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Ministry of Science & Technology Press release dated 26 June 2021

‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal launched today

Posted on by Business So Simple in Income Tax, International Taxation

Law Minister Shri Ravi Shankar Prasad launches ‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal


Portal will enable online filing of Appeals, Applications, documents etc. by various parties

Cases of  Income Tax Appellate Tribunal should be integrated in National Judicial Data Grid: Shri Ravi Shankar Prasad

Posted Date:- Jun 25, 2021

Shri Ravi Shankar Prasad, Union Minister for Law & Justice, Communications and Electronics & IT, formally launched the e-filing portal of Income Tax Appellate Tribunal (ITAT), ‘itat e-dwar’, at 04.00 pm today, the 25 June 2021 in New Delhi. 

Launching the Portal, the Minister explained the power of Digital India.  He said Digital India means empowering an ordinary Indian with the power of technology – To bridge the digital divide between the digital haves and the digital have nots leading to digital inclusion achieved by technology, which is low cost, home grown and developmental.  Digital India means a framework for transforming India with the power of technology. He highlighted that nearly 129 crore of the Indian population are enrolled for Aadhar which is the digital identity to supplement one’s physical identity.  Nearly 40 crore bank accounts have been opened for the poor and linked to Aadhar.  Using the power of Digital India about Rs.16.7 lakh crore has been transferred to the account of the poor as Direct Benefit Transfer, saving Rs.1.78 lakh crores which was, otherwise, being siphoned off by middlemen.  Digital India has positioned our country as a world leader in digital payments.  It needs to be highlighted that Aadhar, DBT, UPI and the health scheme, Ayushman Bharat, all are ‘made in India’. Another milestone achievement of Digital India is the establishment of Common Service Centres, which were only 75,000 in number in 2014, now stand at 4lakh.  CSCs provide several services that are citizen centric and the Minister suggested that the lawyers must associate themselves in tendering legal advice to the needy through Tele Law programme, through the CSCs.  Nearly 9 lakh advices were given during the last 4 years though Tele Law. 

The Minister detailed how during the pandemic and the lockdown that ensued the Judiciary functioned through digital means and heard more than one crore cases.  He stated that data about more than 18 crore cases are available in the National Judicial Data Grid (NJDG) and he suggested that cases of ITAT should also be integrated in the NJDG. He pointed out that VC facility has been provided in more than 800 jails so that the undertrials are able to appear before the Courts without the police having to bring them physically to the courts.

He further cautioned that this initiative of ITAT must not be seen as a solitary step.  Instead, it should be seen as a larger narrative of transformation that the country is undergoing through digital medium.  It enables innovation and empowerment and opens new avenues for growth.  He expressed hope that ‘itat e-dwar’ will be widely accepted by the lawyers and tax litigants alike.

On this occasion, a virtual function was organized at the national level which was attended by the functionaries of ITAT from all the 28 stations.  The members of various Bar Associations also joined the virtual function.  It was also attended by the Officers of the Income Tax Department, Chartered Accountants, Taxpayers and other legal luminaries in the field of tax, from across the country.

Justice P.P. Bhatt, President of ITAT, on this occasion, informed the gathering that the launch of e-Filing Portal ‘itat e-dwar’ will enhance the accessibility, accountability and transparency in the day to day working of the ITAT.  It would not only result in economization of the use of paper, savings in costs but also rationalization of the fixation of cases leading to quicker disposal of cases.  On this occasion, Justice Bhatt also announced a plan to set up paperless courts in the ITAT with a pilot project being undertaken at Delhi Benches of ITAT.  It was also informed that even during the period of Pandemic, by using the tools of information and communication technology, various benches of ITAT have functioned and kept up its activity of judicial dispensation.  It was revealed that inspite of the restricted functioning of Benches, the adoption of Video Conferencing has brought down the pendency of cases to about 64,500 as against 88,000 on 1st April, 2020.

The newly developed e-Filing Portal would enable the parties to file their Appeals, Miscellaneous Applications, documents, paper books, etc., electronically. 

On this occasion, Shri Anoop Kumar Mendiratta, Union Law Secretary also addressed and congratulated the ITAT for the initiative taken by it developing the new e-Filing Portal.  Shri G.S. Pannu, Vice President (Delhi Zone) and Chairman, Computerization Committee, ITAT explained that with the combination of digital court room, virtual hearings and Mobile Application providing Judicial Information, paperless courts will soon be a reality in ITAT.

Ministry of Law & Justice Press release 25 June 2021

Government grants further extension in timelines of compliances & tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19

Posted on by Business So Simple in Income Tax

Ministry of Finance issued Press release today, 25th June 2021 further extending timelines of compliances & tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19.

The Government has granted further extension of timelines of compliances under Income Tax Act. It has also announced tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19. The details are as follows:

A.             Tax exemption

  1. Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of Covid-19. In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years.
  2. Unfortunately, certain taxpayers have lost their life due to Covid-19. Employers and well-wishers of such taxpayers had extended financial assistance to their family members so that they could cope with the difficulties arisen due to the sudden loss of the earning member of their family. In order to provide relief to the family members of such taxpayer, it has been decided to provide income-tax exemption to ex-gratia payment received by family members of a person from the employer of such person or from other person on the death of the person on account of Covid-19 during FY 2019-20 and subsequent years. The exemption shall be allowed without any limit for the amount received from the employer and the exemption shall be limited to Rs. 10 lakh in aggregate for the amount received from any other persons.

                 Necessary legislative amendments for the above decisions shall be proposed in due course of time.

B.             Extension of Timelines

                 In view of the impact of the Covid-19 pandemic, taxpayers are facing inconvenience in meeting certain tax compliances and also in filing response to various notices. In order to ease compliances to be made by taxpayers during this difficult time, reliefs are being provided through Notifications nos. 74/2021 & 75/2021 dated 25th June, 2021 Circular no. 12/2021 dated 25th June, 2021. These reliefs are:

  1. Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for which the last date of filing under that section is 1st June, 2021 or thereafter, may be filed within the time provided in that section or by 31st August, 2021, whichever is later.
  2. The Statement of Deduction of Tax for the last quarter of the Financial Year 2020-21, required to be furnished on or before 31st May, 2021 under Rule 31A of the Income-tax Rules,1962 (hereinafter referred to as “the Rules”), as extended to 30th June, 2021 vide Circular No.9 of 2021, may be furnished on or before 15th July, 2021.
  3. The Certificate of Tax Deducted at Source in Form No.16, required to be furnished to the employee by 15th June, 2021 under Rule 31 of the Rules, as extended to 15th July, 2021 vide Circular No.9 of 2021, may be furnished on or before 31st July, 2021.
  4. The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64D for the Previous Year 2020-21, required to be furnished on or before 15th June, 2021 under Rule 12CB of the Rules, as extended to 30th June, 2021 vide Circular No.9 of 2021, may be furnished on or before 15th July, 2021.
  5. The Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64C for the Previous Year 2020-21, required to be furnished on or before 30th June, 2021 under Rule 12CB of the Rules, as extended to 15th July, 2021 vide Circular No.9 of 2021, may be furnished on or before 31st July, 2021.
  6. The application under Section 10(23C), 12AB, 35(1)(ii)/(iia)/(iii) and 80G of the Act in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc., required to be made on or before 30th June, 2021, may be made on or before 31st August, 2021.
  7. The compliances to be made by the taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for the purpose of claiming any exemption under the provisions contained in Section 54 to 54GB of the Act, for which the last date of such compliance falls between 1st April, 2021 to 29th September, 2021 (both days inclusive), may be completed on or before 30th September, 2021.
  8. The Quarterly Statement in Form No. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, required to be furnished on or before 15th July, 2021 under Rule 37 BB of the Rules, may be furnished on or before 31st July, 2021.
  9. The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21, which is required to be filed on or before 30th June, 2021, may be furnished on or before 31st July, 2021.
  10. The Annual Statement required to be furnished under sub-section (5) of section 9A of the Act by the eligible investment fund in Form No. 3CEK for the Financial Year 2020-21, which is required to be filed on or before 29th June, 2021, may be furnished on or before 31st July, 2021.
  11. Uploading of the declarations received from recipients in Form No. 15G/15H during the quarter ending 30th June, 2021, which is required to be uploaded on or before 15th July, 2021, may be uploaded by 31st August,2021.
  12. Exercising of option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) under sub-section (1) of Section 245M of the Act in Form No. 34BB, which is required to be exercised on or before 27th June, 2021, may be exercised on or before 31st July, 2021.
  13. Last date of linkage of Aadhaar with PAN under section 139AA of the Act, which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
  14. Last date of payment of amount under Vivad se Vishwas(without additional amount) which was earlier extended to 30th June, 2021 is further extended to 31st August, 2021.
  15. Last date of payment of amount under Vivad se Vishwas (with additional amount) has been notified as 31st October, 2021.
  16. Time Limit for passing assessment order which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
  17. Time Limit for passing penalty order which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.
  18. Time Limit for processing Equalisation Levy returns which was earlier extended to 30th June, 2021 is further extended to 30th September, 2021.

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RM/MV/KMN

Payroll Reporting in India – A Formal Employment Perspective

Posted on by Business So Simple in Labour Laws

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the press note on Employment Outlook of the country covering the period September, 2017 to April, 2021 based on the administrative records available with selected government agencies to assess the progress in certain dimensions.

A detailed note is annexed.

Ministry of Statistics & Programme Implementation Press release dated 25 June 2021

DS/VJ

Never forget Income tax due date for Month of June 2021

Posted on by Business So Simple in Income Tax

Income tax due date reminder for June 2021

Due Dates for June 2021

  • 30 June 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of May, 2021
  • 30 June 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of May, 2021
  • 30 June 2021 – Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194M in the month of May, 2021
  • 30 June 2021 – Return in respect of securities transaction tax for the financial year 2020-21
  • 30 June 2021 – Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2021
  • 30 June 2021 – Statement to be furnished (in Form No. 64C) by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2020-21The due date for furnishing of statement in Form no. 64C has been extended from June 30, 2021 to July 15, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2021
  • 30 June 2021 – Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2020-21. This statement is required to be furnished to the unit holders in form No. 64B
  • 30 June 2021 – Due date for linking of Aadhaar number with PANThe due date for linking Aadhaar number with PAN has been extended from March 31, 2021 to June 30, 2021 vide Notification S.O. 1432(E), dated 31-03-2021
  • 30 June 2021 – Payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional chargeThe due date for payment of tax under the Direct Tax Vivad se Vishwas Act, 2020 without additional charge has been extended to June 30, 2021 vide Notification S.O. 1704 (E), dated 27-04-2021
  • 30 June 2021 – Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2021 has been paid without the production of a challanThe due date for furnishing of Form 24G for month of May, 2021 has been extended from June 15, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Quarterly statement of TDS deposited for the quarter ending March 31, 2021The due date for furnishing of quarterly statement of TDS has been extended from May 31, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Due date for furnishing of statement of financial transaction (in Form No. 61A) as required to be furnished under sub-section (1) of section 285BA of the Act respect for financial year 2020-21The due date for furnishing statement of financial transaction for financial year 2020-21 has been extended from May 31, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Due date for e-filing of annual statement of reportable accounts as required to be furnished under section 285BA(1)(k) (in Form No. 61B) for calendar year 2020 by reporting financial institutionsThe due date for furnishing statement of reportable accounts for calendar year 2020 has been extended from May 31, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Return of tax deduction from contributions paid by the trustees of an approved superannuation fundThe due date for furnishing return of tax deduction has been extended from May 31, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 30 June 2021 – Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the Previous year 2020-21The due date for furnishing of statement in Form no. 64D has been extended from June 15, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021

29 June 2021 – Due date for e-filing of a statement (in Form No. 3CEK) by an eligible investment fund under section 9A in respect of its activities in financial year 2020-21

15 June 2021 – Furnishing of statement (in Form No. 64D) of income paid or credited by an investment fund to its unit holder for the Previous year 2020-21The due date for furnishing of statement in Form no. 64D has been extended from June 15, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021

15 June 2021 – Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of May, 2021

  • 15 June 2021 – Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of May, 2021 has been paid without the production of a challanThe due date for furnishing of Form 24G for month of May, 2021 has been extended from June 15, 2021 to June 30, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 15 June 2021 – Quarterly TDS certificates (in respect of tax deducted for payments other than salary) for the quarter ending March 31, 2021
  • 15 June 2021 – First instalment of advance tax for the assessment year 2022-23
  • 15 June 2021 – Certificate of tax deducted at source to employees in respect of salary paid and tax deducted during Financial Year 2020-21The due date for issue of certificate of TDS in respect tax deducted from the salary paid during the Financial Year 2020-21 has been extended from June 15, 2021 to July 15, 2021 vide Circular no. 9/2021, dated 20-05-2021
  • 14 June 2021 – Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of April, 2021
  • 14 June 2021 – Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of April, 2021
  • 14 June 2021 – Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of April, 2021
  • 7 June 2021 – Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan