S&N Associates

11/02/2021

My thoughts on the newly launched scheme in GST. Read on to find out

“My thoughts on the newly launched QRMP scheme by 1) Why are we asked to fill PMT 06 Challan when GSTR3B was doing the work already? Makes no sense. The main problem that was faced by quarterly dealers was that they weren't paid in full by their clients as (Contd)”

31/12/2020

In light of the pandemic and the various restrictions put forth by the local governments throughout the country (Maharashtra curfew to continue till 31/01/2021) the Central Govt has *FURTHER EXTENDED* Returns Filing and filing of other Reports as per the following schedule:

Income Tax Returns Last Date for *Tax Audit Assessees* – 15th February, 2021

Income Tax Returns Last Date for *Non Tax* Audit Assessees – 10th January, 2021

Tax Audit Report Last Date – 15th January, 2021

Vivad Se Viswas Last Date – 31st January, 2021

File your returns NOW to avoid Penalties.

24/10/2020

Please make note that the due dates for filing Income Tax Returns for FY 2019-20 have further been extended due to the pandemic. Details are as follows:

* TAX EXTENSION*

Due date for Income Tax Audit Report - *31st December, 2020*

Due date for filing Income Tax Return for non-audit cases- *31st December, 2020*

Due date for filing Income Tax Return for audited entities and partners of audited firms - *31st January, 2020*

Kindly make note of the same

30/09/2020

The due date for GSTR-9 and GSTR-9C has been extended from 30/09/2020 to 31/10/2020. Even though this may seem like a bit of a relief to tax professionals, however it coincides with the Tax audit due date for FY 2019-20 which also falls on the same dat, ie 31/10/2020. So we are yet again going to be under immense pressure in the coming month as well.

You can check out the Link for GSTR-9 extension here:

“After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020. Notification follows. ”

28/09/2020

The Due date for filing Income Tax Returns for FY 2019-20 is 30th November 2020. Please make note of the same and get in touch with me on how to proceed.

28/09/2020

Worried about your IT returns not being processed for FY's 2014-15, 2015-16, 2016-17, 2017-18 or even for 2018-19? It would probably be because you haven't verified your returns for the respective years as yet, either by e-verification or by sending the ITR-V Acknowledgement to CPC, Bengaluru. You have time till the 30th of September 2020 to get it done. That's 2 more days...

If you don't do the above steps, it's assumed that you haven't filed your returns.

Update: The due date has now been extended to 30th November 2020.

Get in touch if you want to know how to get it done. Or else log into your e-filing account and there will be a tab highlighting the option of e-verifying previous years returns.

29/08/2020

What's in store for Income Tax Assessees when it's time to file their Returns of Income for F.Y 2019-20; A.Y 2020-21? Check this space for more.