New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors vide CBDT Circular No. 11/2021

CBDT issued Circular No. 11 of 2021 dated 21.06.2021 on implementation of section 206AB & 206CCA with respect to higher tax deduction/collection for certain non-filers. New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors. Refer copy of Circular:

Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits

Ministry of Finance issued Press release today (19th June 2021) says that : Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end ofContinue reading “Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland, Information sought from Swiss Authorities to verify increase/decrease of deposits”

Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100%

MOF in Press release today (16 June 2021) says that : Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100% Advance Tax collections for F.Y. 2021-22 stand at Rs. 28,780 crore which shows a growth of approximately 146% Net Direct Tax collections for the F.Y. 2021-22 have grown at aContinue reading “Net Direct Tax collections for the Financial Year 2021-22 have grown at over 100%”

Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal

Ministry of Finance issued Press release on 15th June says that Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22nd of June, 2021, between 11:00 AM to 01:00 PMContinue reading “Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal”

Weekly YouTube video compilation on Income tax, GST, Financial awareness & Entreprenurship (06th June 2021 to 12th June 2021

Dear Sir, Please find below Weekly YouTube video compilation on Income tax, GST, Financial awareness & Entreprenurship (06th June 2021 to 12th June 2021: Date 12-06-2021 GST Topic New functionalities on GST Portal -11 June 2021 https://www.youtube.com/watch?v=I6rTi0Zsc5cMinute 5.18 Date 12-06-2021 GST Topic GST on E-Commerce & Electronic Commerce Operator https://www.youtube.com/watch?v=1Ttjb0ltyX0Minute 4.42 Date 11-06-2021 Entreprenurship TopicContinue reading “Weekly YouTube video compilation on Income tax, GST, Financial awareness & Entreprenurship (06th June 2021 to 12th June 2021”

Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST

Dear Sir, Please find below YouTube link of Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST for your easy reference: 👉 Company Law Setting of Branch offices of Foreign Company in Indiahttps://youtu.be/Y30q0ZgcMcU Nidhi Company-each & everythinghttps://youtu.be/maS_1205vO4 Producer Company-each & everything https://youtu.be/MP-t3sg_qWg CSR Funding: Ngo registration for getting CSR Funding https://youtu.be/j-OG40NJl9QContinue reading “Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST”

Extension of due dates of ITRs, TDS, tax Audit report, Belated/revised return etc. For AY 2021-22 (FY 20-21) Circular dated 20 May 2021

Dear Friends, Please find below link of YouTube video on Extension of due dates of ITRs, TDS, tax Audit report, Belated/revised return etc. For AY 2021-22 (FY 20-21) Circular dated 20 May 2021 Regards,Bipul Kumar

Tax benefits for Startup(Updated by FY 2021)

Dear Sir, Please find below YouTube link of video on Tax benefits for Startup(Updated by FY 2021) ✔️ Is your Company A Startup? ✔️ Deduction u/s 80-IAC of Act (Profit based deductions) ✔️ Tax exemptions on investments above fair market value (Angel tax) ✔️ Relaxed provisions for set-off and carry forward of losses ✔️ TaxContinue reading “Tax benefits for Startup(Updated by FY 2021)”

Is it possible to file Tax return after closure of filing window? II टैक्स रिटर्न्स फायलिंग AY एंडिंग से 6 वर्षों तक II

Dear Friends, Please find below YouTube Link of Video on 💠Is it possible to file Tax return after closure of filing window? II टैक्स रिटर्न्स फायलिंग AY एंडिंग से 6 वर्षों तक II https://www.youtube.com/watch?v=WynFklJZgFY Regards,Bipul Kumar

New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization)

Dear Friends, Please find below YouTube link of New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization) Notification No. 19/2021-Income Tax/G.S.R. 212(E) dated 26th March 2021 🎯 Registration, renewal of section 12AB & 80G approval 🎯 Validity period of registration 🎯 Registration certificate 🎯 Annual Statement ofContinue reading “New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization)”