Jain Kushal & Co.

Interest Relaxation in GST Return late Filing (As per CBIC notification dated 24th June 2020

Summary of 'GSTR-3B Late Fees waiver' as per Notification dated 24th June 2020

Due date to file ITR extended from 31st July to 31st August

About 2 lakh individuals/business entities withdrew amounts in excess of Rs 1 crore from their bank accounts in FY18, aggregating Rs 11.31 lakh crores.

That's the reason government decided to impose TDS of 2% on cash withdrawls of more than 2 crores.

Budget has proposed to make ITR filing compulsory for persons who have annual electricity bill of more than Rs 1 lakh

Budget has proposed to make Income Tax Return (ITR) filing compulsory for persons who spend over Rs 2 lakh on foreign travel

Budget proposed to make ITR filing compulsory for persons who annually deposit over Rs 1 crore in a current account

GSTR 3B is not a Return, hence there is no due date for availment of missed out credits: Gujarat High Court Order

*Chamber of Chartered Professionals*
invites you for seminar on
10th July 2019, 5:30 PM
at Cafe Kala Svasti, Gate No. 1, Indira Gandhi National Centre for Arts, CP, New Delhi

Topics
*1⃣ Recent changes in Companies Act (Form BEN-2 & NFRA-1) - CA Pramod Jain*

*2⃣ Analysis of Union Budget - Direct Taxes - CA Ravi Gupta*

Program is followed by Networking dinner.

Pls register at:
https://tinyurl.com/y2wm8vtt

Venue location link: https://goo.gl/maps/h2rnAcqovKdB9GcQ9

Seminar Fee - Nil, if registering through the link above. On spot registration - Rs 200.

ITR Last date of filing for FY 2018-19 is 31st July, 2019 for non- audit, non-corporate assessees.

Highlights of MODI Budget 2.0 - 2019

Direct tax revenue has grown 78% i.e 11.37 lakh Crores from 2014 to 2019