KP Accountants

Its time to pay fourth and final installment of Advance Tax on or before 15th March, 2021, for F.Y. 2020-21.

Compute and pay it accordingly to avoid levy of interest.

For any assistance, please feel free to contact us at 9810728210/9873785750 or email your queries at [email protected].

Do you know that due dates for various compliances has again been extended for A.Y. 2020-21, as follows:-
1. Income Tax Returns for non auditable cases - 10.01.2010
2. Tax audit Reports - 15.01.2020
3. Income Tax Returns for auditable cases - 15.02.2020
4. Vivad se Vishwas scheme - 31.01.2020

For any assistance, call at 9810728210 / 9873785750 or email at [email protected]

The due date for filing of Income tax return for A.Y. 2020-21, for non-auditable cases, is 31st December, 2020.

Hurry up to avoid levy of penalty of INR 5000/-.

For any assistance, call us at 9801728210/9873785750 or email your queries at [email protected]

Its time to pay Third installment of Advance Tax (being 75%) on or before 15th December, 2020, for F.Y. 2020-21.

Compute and pay it accordingly to avoid levy of interest.

For any assistance, please feel free to contact us at 9810728210/9873785750 or email your queries at [email protected].

The due date for deposit of TDS/TCS on salary and other than salary, for the month October 2020, is 07th November, 2020.

Finance Minister has also reduced TDS rates on other than salary by 25% of effective tax rates.

Please deposit the same before due date, to avoid levy of Interest and penalty.

For any assistance, contact us at 9873785750 & 9810728210 or email your queries at [email protected]

The Government vide its Notification dated 24.10.2020, has extended various due dates, as below:-

*GSTR 9, 9C date for FY 2018-19 extended to 31st December, 2020.*

*ITR Filing date for entities subject to tax audit for AY 20-21 extended to 31st January, 2021*

*ITR Filing Due date of International Transactions Taxpayers for AY 20-21 extended to 31st January, 2021.*

*ITR Filing Due Date for other tax payers extended to 31st December, 2020.*

*Tax Audit Filing date also extended to 31st December, 2020.*

For any further assistance, call us at 9873785750 / 9810728210 or email your queries at [email protected]

The due date for deposit of TDS/TCS on salary and other than salary, for the month September, 2020, is 07th October, 2020.

Finance Minister has also reduced TDS rates on other than salary by 25% of effective tax rates.

Please deposit the same before due date, to avoid levy of Interest and penalty.

For any assistance, contact us at 9873785750 & 9810728210 or email your queries at [email protected]

Facing difficulty in filing your Income Tax Return for year ending 31.03.2019 (A.Y. 2019-20)?

The last day to file your Income Tax Return for A.Y. 2019-20, will be 30.09.2020.

Rush and hurry up before its late.

For any assistance, please feel free to contact us at 9810728210/9873785750 or email us at [email protected]

The due date for getting your books of accounts audited and filing your tax audits reports, for F.Y. 2019-20, is 31st October, 2020.

Hurry up, otherwise penalty of Rs. 1.50 Lakhs may be levied.

Call us for any assistance at 9810728210/9873785750 or [email protected]

Recently in case of Thomson Press India Ltd.vs. ACIT, Delhi ITAT has recently allowed the amount of cess paid on income tax, relying on the decision of Bombay High Court in Sesa Goa Limited.

For any clarification, call us at 9810728210/9873785750 or [email protected]

Do you know that Budget 2020 has abolished Dividend Distribution Tax (DDT) on dividend distributed by Companies to Shareholders.

However, TDS on dividend distribution has been incorporated,i.e., while distributing dividend, the companies have to deduct TDS on dividend which has onerous tasks imbedded therein...

For any further clarification, contact us at 9873785750/9810728210 or [email protected]

In view of the constraints due to the Covid pandemic & to further ease compliances for taxpayers, the CBDT has extended the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from 31st July, 2020 to 30th September, 2020, vide Notification dated 29th July, 2020.

Contact us for further clarification at 9810728210/9873785750 or [email protected]