Section 24: Deductions from income from house property
Section 24 of the Income Tax Act 1961 (Deductions from income from house property): Income chargeable under the head “Income from house property” shall be...
Month: October 2020
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Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020
Circular No. 18 I 2020 F.No. IT(A)/1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Dated: 28th October,...
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Computation of ‘Annual Value’ of a House Property [Section 23 of the Income Tax]
Section 22 of the Income Tax Act 1961 (Income from house property): The annual value of property consisting of any buildings or lands appurtenant thereto...
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Vivad se Vishwas Act, 2020: CBDT issues clarification on making payment without additional amount till March 31, 2021
The (CBDT) issued clarification in respect of direct tax under Vivad se Vishwas Act, 2020, wherein the Board has extended the timeline for making payment...
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Filing NIL Form CMP-08 statement through SMS on GST Portal
Filing NIL Form CMP-08 statement through SMS on GST Portal 1. A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a...
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Multipurpose Empanelment Form for the year 2020-21 extended till 6th November, 2020
Professional Development Committee The Institute of Chartered Accountants of India 22nd October, 2020 Multipurpose Empanelment Form for the year 2020-21 extended till 6th Nov., 2020...
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Withdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B
Withdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B. The facility to file GSTR 3B and GSTR-1 with the EVC in lieu...
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CBIC extends due dates for GST Annual Return (GSTR-9) and Reconciliation Statement ( GSTR-9C) for 2018-19 to 31st December 2020
CBIC extends due dates for GST Annual Return (GSTR-9) and Reconciliation Statement ( GSTR-9C) for 2018-19 October 24, 2020 3:07 pm The Central Board of...
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Central Board of Direct Taxes ( CBDT ) has extended the due date of furnishing of Income Tax Returns and Audit Reports for the AY 2020-21
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 24th October, 2020 PRESS RELEASE Extension of due date...
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GST Refund Procedure
In the GST once paid can be claimed back. There are circumstances where GST paid to the government can be claimed back. There is set...