IRJ

29/03/2023

01/02/2022

*Union budget 2022 Highlights:*

1. Madam FM read digital budget for the first time
2. Public issue of LIC soon
3. Projected Growth rate 9.2%
4. 25000 KM New Roads Proposed
5. 60 lakh new job creation proposed
6. PPP model for Railway Development
7. Plan to connect 5 rivers
8. ECLGC to be extended 50k crores funds for that
9. Additional aid for MSME Rs. 2lacs crores
10. E vidya for government school to be extended
11. Digital University with world class education
12. Mental Health care center proposed
13. 100 Gati Shakti cargo terminals
14. Har Ghar Nal Jal - 50k crores provision for it
15. 400 new TV channels for education, one class one channel
16. Affordable housing in urban areas
17. 2 lacs Angan Bari to be upgraded
18. 400 new Vande Bharat trains proposed
19. 80 lacs new houses proposed under PM Aawaas Yojana
20. Core Banking Services in 1.5 lac post offices
21. 75 digital banking units in 75 district
22. E Passports with smart chips proposed
23. E bill for early and transparent payment for contractors and suppliers for central ministry
24. Land registry- One nation-one registration
25. Battery swaping schemes in urban areas to boost EVs & Charging Stations
26. BharatNet plan- equal e services to all village
27. Encouragement to organic farming, 19500 crores for manufacturing pv solar
28. Sovereign Green bonds, For green infrastructure
29. 5G mobile service to rollout in 22-23
30. Central bank digital currency - digital Rupee using block chain to be issued by RBI in 22-23
31. 1lac crores allocated to states as loan over and above normal borrowing
32. Revised deficit 6.9% of GDP
33. New Updated Returns
34. To rectify omissions updated returns with additional tax payment within 2 years can be filled
35. Mat for cooperativeb@15% from current 18.5
36. Surcharge on co-operative to reduce 12% from 17% income 1 crores to 10 crores
37. NPS deduction upto 14% state and central government employees
38. Startup incorporated till 31.3. 23 will be benefited as the scheme extended by one more year
39. Virtual digital Assets - income from transfer shall be 30% no deductions except cost of acquisition
40. Gift of virtual digital asset to be taxed in hands of recepient
41. Repetitive appeal not by government till decision of questions of law already pending before the High court/ Supreme Court
42. AOP surcharge 15%
43. LTCG on any type of asset 15%
44. Any surcharge or cess on income tax not be allowed as business exp
45. No setoff any loss against income detected in search
46. 140.9 lac crores GST collection for Jan 22 highest ever
47. TDS @ 1% on payment of virtual digital asset
48. No change in Income Tax Slabs

13/05/2021

नई दिल्ली, करदाताओं के लिए सरकार ने एक राहत भरा ऐलान किया है। सरकार ने मासिक रिटर्न जीएसटीआर-3 बी और मार्च-अप्रैल के महीनों के लिए टैक्स भुगतान में देरी करने वालों के लिए लेट फीस माफ कर दी है। इतना ही नहीं देर से टैक्स भरने वालों के लिए ब्याज दरों में भी कटौती की है। सरकार ने 5 करोड़ रुपये से अधिक के टर्नओवर वाले करदाताओं को मंथली समरी रिटर्न जीएसटीआर-3 बी दाखिल करने के लिए 15 दिन का अतिरिक्त समय दिया है। ऐसे करदाता बिना किसी लेट फीस का भुगतान किए इन 15 दिनों में टैक्स जमा कर सकते हैं।

इन्हें मिला 30 दिन का समय

जिनका टर्नओवर पिछले वित्त वर्ष में 5 करोड़ रु तक का उन्हें मार्च और अप्रैल का 3बी रिटर्न दाखिल करने के लिए 30 अतिरिक्त दिनों का समय दिया गया है।

01/10/2020

CBDT ORDER dated 30-9-2020

On further consideration of genuine difficulties being faced by the taxpayers
due to the outbreak ofCOVID-19 pandemic, the CBDT, in exercise of powers conferred under section 119(2)(a) of the 1961 Act, hereby,
further extends the date for furnishing of belated and revised returns for the AY 2019-20 under section 139(4) and 139(5) respectively,
from 30th September, 2020
To 30th November, 2020.

02/07/2020

TAXATION AND OTHER LAWS S.O. 2033(E).– In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of...

23/04/2020

Following are the decisions with respect to statutory and regulatory compliance matters related to various sectors: — Income Tax Extend last date for income tax returns for (FY 18-19) from 31st...

21/04/2020

23/07/2019

The finance ministry has extended the deadline for filing income tax return (ITR) for FY2018-19 by individuals to August 31, 2019 from July 31, 2019. The extension is a much needed relief as there were multiple problems being faced by individuals in filing returns by July 31. July 31 was the deadline to file income tax returns for most individuals and HUFs.

Read more at:
//economictimes.indiatimes.com/articleshow/70305905.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Usually, the deadline to file the income tax returns by individuals and HUFs is July 31.