Showing posts with the label TDS updates

Key Highlights for Income Tax, TDS, RERA

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Key Highlights of FM's press conference related to Direct Taxes and RERA  Direct Tax key highlights points:- 1. All pending refunds to charitable trusts and non corporate businesses & professions including proprietorship, partnership, LLP and Co-operatives shall be issued immediately. 2. Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020. 3.Date of assessments getting barred on 30th September,2020 extended to 31st December,2020 and those getting barred on 31st March,2021 will be extended to 30th September,2021. 4.Period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020. Reduction in TDS/TCS rate:- 1. In order to provide mor