Income Tax Archives - Page 4 of 12 Finance Friend

Understanding ITR Forms for AY 2020-21 (AY 2019-20)

December 24, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Sometimes it is difficult to identify which ITR to be filed for AY 2020-21. Below list will provide you clear details which ITR is applicable in your case. You can select relevant ITR in your case . ITR Read more […]

Due date for filing ITR for AY 2020-21

December 19, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Due date for filing Income Tax return for AY 2020-21 ( FY 2019-20) is 31st December, 2020 for taxpayers who are not required to get their accounts audited and 31st January, 2021 for taxpayers who are Read more […]

New TCS as per Section 206C(1H)

March 3, 2021November 1, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Background – TCS as per Section 206C(1H) : With effect from 01.10.2020 , Government has introduced Tax Collection at Source (TCS as per Section 206C(1H)) @ 0.10% (0.075% upto 31.03.2021) on Sales consideration Read more […]

Extension of due date of furnishing of Income Tax Returns and Audit Reports for AY 2020-21

October 24, 2020October 24, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Today Ministry of Finance has published below press release for extension of due date of ITR and audit report for FY 2019-20 ( AY 2020-21) Ministry of Finance Extension of due date of furnishing Read more […]

Highlights of Announcements by FM on Tax Compliance and Regulatory Matters on 24th March 2020

June 16, 2020March 25, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Income Tax1. Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. 2. Aadhaar-PAN linking date to be extended from 31st March, 2020 to 30th June, 2020. 3. Read more […]

Finance Bill 2020 and Budget Speech 2020

February 1, 2020 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Indian Finance Minister, Smt. Nirmala Sitharaman, has presented Union Budget 2020-21 today in the Parliament. Click below link to download Memorandum Explaining Finance Bill, 2020 ,Finance Bill 2020 Read more […]