Marshall & Co

God Bless All

સેન્ટ્રલ બોર્ડ ઓફ ડાયરેક્ટ ટેક્સ (સીબીડીટી) એ AY 2019-20 નાણાકીય વર્ષ 2018-19) માટે ITR ફાઇલ કરવાની અંતિમ તારીખ વધારી દીધી છે. તારીખ 31 જુલાઈથી 30 સપ્ટેમ્બર, 2020 સુધી લંબાવાઈ છે.

Happy 71st Chartered Accountants Day to All ...

After the spread of pandemic ‘COVID-19’, GOI has announced many relief packages for MSME sector to boost industry as well as economy of the country. Government initiatives include ease of doing business, Digital India, start-ups, easy loans , Make in India, subsidies, moratorium for loans, reduced rate of interest, simple tax compliances & transparency in working to make ‘Aatam Nirbhar Bharat’.
Govt is also working on several initiatives, such as preparation of huge land pools, to attract potential investors to India amid the corona virus-triggered turbulence. Govt has re-defined MSME law & relaxed many provisions accordingly so that many enterprises can avail benefits available, including those which were earlier deprived off. Govt has introduced concept of ‘Udyam Registration’ w.e.f. 01/07/2020 for existing registered under ‘EM-II’ & ‘Udyog Aadhar Memorandum- UAM’ as well as new MSME enterprises.

☝🏻 *CBDT* has issued a notification today further extending few of the time limits of compliances under Taxation & Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 as under:

👉 Due date for filing Income Tax Return for F.Y 2018-19 has been extended to 31st July, 2020

👉 Waiver of interest u/s 234A in cases where self assessment tax is upto Rs 1 lac

👉 Deductions under Ch-VIA like Sec 80C, 80D, 80G, etc can now be made upto 31st July, 2020

👉The date for furnishing of TDS/TCS statements for the quarter ending on 31st March, 2020 has been extended to 31st July, 2020

Congratulations Jenil Bhingradiya for Cracking IPCE Nov 2018.
Very Proud of You, Boy.
-
Marshall & Co.
Chartered Accountants

Thanks to
Team Marshall & Co.
Marshall Sarkhedi
Jenil Bhingradia
Parth Sorathiya

CBDT extends due date for filing Income Tax Returns for Kerala

Due Date for furnishing Income Tax Returns extended from 31st August 2018 to 15th September, 2018 for all Income Tax assessees in Kerala.

CBDT defers Applicability of Clause 30C and 44 of Revised Tax Audit Report Form No. 3CD till 31st March 2019.

ITC of GST of Input Services and Capital Goods as on 31.07.2018 *wont* lapse Circular No. F. No. 354/290/2018-TRU

In case of textile manufacturers