R Dangayach and Co.

Chartered Accountants Firm providing services in the matters relating to Income Tax, GST, Import & Export, Audit, Company Law & Accounting Outsourcing Services.

[Income Tax India @IncomeTaxIndia]

SFT filers may please note:
Due to heavy traffic on the reporting portal, some filers may have encountered difficulties in filing SFT returns. It is informed that the functionality for filing of SFT returns will remain open for a couple of days more to enable smooth filing of SFT returns.

In case of any specific issue/query, please connect with our helpdesk at 1800 103 4215.

@FinMinIndia

[Income Tax India @IncomeTaxIndia]

CBDT issues Circular No. 6 dt 24.05.2023 containing clarification regarding provisions relating to Charitable and Religious Trusts.

The due date for furnishing the application by the charitable or religious trusts and institutions for re-registration/approval has been extended from 25.11.2022 to 30.09.2023.

The due date for furnishing application for regular registration/approval by provisionally registered/approved trusts or institutions has also been extended from 30.09.2022 to 30.09.2023 for registration under section 10(23C) and 12AB of the Income-tax Act, 1961.

The Circular is available on:
https://t.co/fovQcUTmWX

[Income Tax India @IncomeTaxIndia]

On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs for AY 21-22. Circular No. 01/2022 dated 11.01.2022 issued.

[R Dangayach and Co. @m_rdca]

@lavkushsomani They planned a bit early at 28th December 2021 😂

[R Dangayach and Co. @m_rdca]

Last date to file form DPT-3 for FY 2020-21 is June 30, 2021. MCA has extended the due date of a form to 31.07.2021, only if its original due date falls within the period 01.04.2021 to 31.05.2021.
#mrdca #mca #companyupdate #DPT-3

[R Dangayach and Co. @m_rdca]

According to EPFO new rules,

Employers are now required to link every employee's PF account with their Aadhar number.

If not done, employer contribution will not get credited to their employees' accounts.
@socialepfo #mrdca #newpfrules #epfo

[R Dangayach and Co. @m_rdca]

GST registration cancellation application to be accepted within 30 days except
Where the application is incomplete OR
In case of transfer, merger, amalgamation the new entity has not got itself registered before filing for cancellation.
#mrdca #gstregistrationcancellation

[R Dangayach and Co. @m_rdca]

Due date of ITR u/s 139 (1) which is 31.10.2021 for audit cases- extended to 30.11.2021

Due date of belated/revised return for AY2021-22 which is 31.12.2021- is extended to 31.01.2022
#mrdca #incometax

[R Dangayach and Co. @m_rdca]

Income tax Update
Extension of time limit under Income Tax:- as per circular 9 of 2021 dated 20.05.2021

1.Due date of SFT which is 31.05.2021- may be furnished on or before 30.06.2021
#mrdca #incometax

[R Dangayach and Co. @m_rdca]

Due date of Q4 of TDS Return which is 31.05.2021- may be furnished on or before 30.06.2021

Due date of ITR u/s 139 (1) which is 31.07.2021 for non audit cases- extended to 30.09.2021

Due date of furnish Audit Report which is 30.09.2021- extended to 31.10.2021

[R Dangayach and Co. @m_rdca]

Significant Economic Presence : A Paradigm Shift to Non Resident taxation in India
SEP of a NR in India will constitute a business connection in India & such income will be taxable in India on certain conditions.
#mrdca #nonresident #incometax
https://t.co/CVcFZcAUI3

[R Dangayach and Co. @m_rdca]

Income Tax Update
Section 269ST - Income Tax Update. Hospitals can accept cash exceeding Rs. 2 lakh for Covid Treatment till 31.5.21. PAN / Aadhaar needs to be submitted. Welcome Move. #COVID19 #incometax #mrdca

[R Dangayach and Co. @m_rdca]

Companies Update
_*Clarification on spending of CSR funds for ���creating health infrastructure for COVID care’*_, ‘establishment of medical oxygen generation and storage plants’ etc.

https://t.co/V2YS3gU7Vd
#mrdca #Companies #Covid_19

[R Dangayach and Co. @m_rdca]

Assessee's who have received the Communication from the Income Tax Compliance Portal may now file the Revised Return including the details on Compliance Portal.
#mrdca #IncomeTax

[R Dangayach and Co. @m_rdca]

Income Tax Update
Govt extends timelines of certain compliances, to mitigate the difficulties faced by taxpayers due to the ongoing COVID-19 pandemic.
CBDT issues Circular No. 08/2021 dated 30.04.2021 u/s 119 of the IT Act, 1961, available on: https://t.co/VUkYkNk5fn
#mrdca

[R Dangayach and Co. @m_rdca]

SEBI Update
Relaxation from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19
#mrdca

[R Dangayach and Co. @m_rdca]

Income Tax Update
Payment of Direct Tax Vishwas s Vivaad Scheme without additional amount extended to 30th June. #mrdca

Press Release ➡️ https://t.co/abJEAJifa2

[R Dangayach and Co. @m_rdca]

Companies/NGOs Update

Ministry of Corporate Affairs clarifies that spending of CSR funds for “setting up makeshift hospitals and temporary #COVID care facilities” is an eligible CSR activity.
#mrdca

[R Dangayach and Co. @m_rdca]

Mandatory use of Accounting Software having Audit Trail Extended to 1st April, 2022 #Companiesupdate

[R Dangayach and Co. @m_rdca]

Companies Update
W.e.f. 1/4/21, Companies must use only accounting software which has a feature of recording audit trail of each & every transaction.
#mrdca #Companiesupdate

[R Dangayach and Co. @m_rdca]

GST Update
Limit increased to 1 lakh for e-way bill requirement for within Rajasthan moments of goods (without crossing boundaries of Rajasthan)
Not available to Tabacco and manufacturered tobacco substitutes (first two digit of HSN code 24) & PAN Masala (HSN 2106).#mrdca #gst