S.K. Tax Solutions

Income Tax Return (ITR) Filing last date has been extended from July 31, 2021 to to September 30, 2021. The central government had announced that the deadline for filing ITR for Financial Year 2020-21 was extended due to prevalent Covid pandemic situation.

ITR filing deadline extended from Dec 31 to January 10, 2021 for these taxpayers

The government has also extended the date of furnishing the tax audit report to January 15, 2021, from the current deadline of December 31, 2o20.

Smart bano, jaldi file karo

GST e-invoicing mandatory from January 1, 2021 if turnover exceeds Rs 100 cr

Good News!!
ITR due date is extended from 30 Sept to 30 Nov 2020 for A.Y 2019-20.
So don't wait hurry up

As per the new provision if any seller of any goods whose turnover in the preceding FY exceeds Rs. 10 Crore then, from 1st of October 2020, he shall be liable to collect TCS @ 0.1% (Rate will be 0.075% till 31.03.2021) of the sale value from the buyer if the buyer purchase goods for the value exceeding Rs. 50 Lacs (Limit of Rs. 50 Lac shall be seen for each buyer separately). In other words, till the limit of Rs. 50 Lac there is no requirement to Collect TCS by the Seller however the moment purchases of the buyer exceeds Rs. 50 Lac from the same seller then on such excess amount seller shall collect the TCS. However, in the First year of implementation of this new provision Sale made to buyers up to 30th September 2020 shall not be liable to collect the TCS.