Chandak Agarwal & Co, Chartered Accountants

GST Council clears proposal of *Phased reduction in Late Fees* for not furnishing GSTR-3B for tax periods during July, 2017 - 31 Jan, 2020, provided THE PAYMENT & FILING OF RETURNS IS DONE BETWEEN 01.07.2020 to 30.09.2020

Phase 1: Those with Nil tax liability to be charged NO LATE FEES

PHASE 2: Those with tax liability to be charges Rs 500 per return, per month, instead of Rs10000 per month, per return

*MCA UPDATE*

Contribution towards PM cares fund qualifies as CSR (sec 135) expenditure retrospectively from March 28 , 2020

Further

" Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund
(PM CARES Fund) - inserted
And qualify for CSR.

RBI clears 2nd & 4th Saturday off for banks. w.e.f.15.07.2015. First Saturday off will be on 25th July.

Due date for filing MVAT Audit Report for F.Y.2013-14 is extended to 30.01.2015. Physical submission by 10.02.2015.

F.No. 385/10/2014-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes

PRESS RELEASE

1st October, 2014

Extension of the due date of deposit of tax deducted at source/tax collected at source during the month of September, 2014.
Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month of September, 2014 from 7th October, 2014 to 10th October, 2014 without entailing any consequential interest.
2. However, the due date for filing of TDS/TCS statements for the 2nd Quarter of the F.Y. 2014-15 shall remain the same.

(Rekha Shukla) Commissioner of Income Tax
(Media & Technical Policy) Official Spokesperson, CBDT

Due date of filing Tax Audit extended till November 30, 2014 vide CBDT Order dated August 20, 2014 - TPL. (Source: www.incometaxindia.gov.in) - Chairman,WIRC

Govt. Notifies "1024" as cost inflation index for F.Y 2014-15.
Vide notification no. 31/2014 dated 11/06/2014

As per CBEC Order No. 4/2013 - Service Tax dt. 30-8-2013, the last date of submission of the ST-3 return for the period, Oct. 2012 - Mar. 2013 has been extended up to 10th September, 2013.

COST INFLATION INDEX FOR FINANCIAL YEAR 2013-14 : 939

Central Board of Excise & Customs hereby extends the date of submission of the
Form ST-3 for the period from 1st July 2012 to 30th September 2012, from 15th April, 2013
to 30th April, 2013.
The circumstances of a special nature, which have given rise to this extension of time,
are as follows:
“Assessees have represented about difficulties in filing returns. While this aspect is being attended to, there should not be any delay and inconvenience to the assessees.”