Mahendra K. Satya & Co.

Advance Tax First Installment for AY 2022-23 to be deposited on or before 15th June 2021

ITR Filling Date for AY 2019-20
(FY 2018-19) has been extended by
CBDT from July 31 to September 30, 2020.

Notification-S.O. 2512(E) dt 29th July, 2020

For any futher queries you many contact 9580124820 or mail [email protected] or log on to

www.mahendraksatya.com

Charitable Institutions : Procedure for fresh registration (Section 12AB)

This Section has been inserted by Finance Act, 2020 and is made applicable w.e.f. 1st June, 2020. However, in view of the unprecedented economic crisis caused due to the pandemic COVID-19, the section shall be applicable w.e.f. 1st October, 2020 presently proposed effective date (Press Release by CBDT dated 24.6.2020).

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Today our Firm has completed 27 successful years in noble profession with the blessings of Almighty God & nevertheless support of all past and present colleagues & Associates and over n above faith of our clients. As the resolution of the day , we are committed to upgrade ourselves and to provide better professional services to our esteemed clients more effectively and efficiently.
Also let’s pray to God for at the earliest recovery from this pandemic.
Save yourself. Save society . Save country .

New Compliance due dates .
Notification Dated 24th June 2020

Major relief for taxpayers: TDS / TCS rates reduced by 25% till March 31, 2021

With an objective to provide more funds at the disposal of the taxpayers, Finance Minister has announced that the rate of TDS / TCS in respect of specific payments / receipts shall be reduced by 25%.

For any clarification or query you may contact +91 9580124820 (in working hours) or email [email protected]

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Due Date Extension Measures announced due to Covid -19

For any clarification or query you may contact +91 9580124820 (in working hours) or email [email protected]

www.mahendrasatya.com

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New procedure for registeration / approval deffered u/s 10(32C), 12AA, 35 & 80G

Lockdown period NOT TO BE COUNTED for determining residency status of NRIs & foreign nationals

A quick summary of Deductions & Exemptions under the head "Income from Salary " along with taxation slab option for individuals for the FY 2020-21

For any assistance or details please feel free to reach us . www.mahendrasatya.com

GST/ Indirect Tax related relief measures due to Covid-19 pandemic. For summary of Relief measures during Covid-19 visit www.mahendrasatya.com.

CBDT has issued circulars for certain clarifications on Vivad Se Vishwas Act, 2020 in the form of FAQs. For each query the corresponding question no. is mentioned below.
Click on the following link to view the relevant circulars (circular no. 9/2020 dated 22nd April,2020 and 7/2020 dated 4th March,2020):
https://www.incometaxindia.gov.in/pages/communications/index.aspx