P.V. Accounting & Taxation Services

29/09/2021

20/05/2021

Esteemed Member,
*20 May 2021 - CBDT - Extension of Due Dates of Filing Returns and TDS/TCS for Tax Payers/Assessees*
On Account of the surge in COVID cases, the following dates have been extended by the CBDT
i) Due date for filing return of income for AY 2021-22 extended to 30th September, 2021 from 31st July, 2021 – Regular Assessees
ii) Due date of Filing Return of Income for Tax Audit Assessee – Extended to 30th November, 2021 from 31st October,2021
iii) Due date of furnishing Tax Audit Report extended to 31st October, 2021 from 30th September, 2021
iv) Due date of Filing Belated/Revised Return of income extended to 31st January, 2022 from 31st December, 2021
v) Due date of Transfer Pricing Study Report extended to 30th November, 2021
vi) SFT Due date extended to 30th June, 2021 from 31st May, 2021
vii) Statement of Reportable Account - extended to 30th June, 2021 from 31st May, 2021
viii) TDS Statement for Q4 of FY 2020-21 extended to 30th June, 2021 from 31st May, 2021
ix) Form 16 Issue Date – extended to 15th July, 2021 from 15th June, 2021.

29/03/2021

*1 अप्रैल 2021 से प्रत्यक्ष व अप्रत्यक्ष करों में होने जा रहे परिवर्तन।*
👉TDS व TCS अब पूरी दर से ही काटना होगा। *रियायती दर* का लाभ 1 अप्रैल से उपलब्ध नहीं होगा।
👉आयकर विभाग में आधार कार्ड को लिंक यदि नहीं किया है तो एक अप्रैल से *₹10000 का जुर्माना* लग सकता है।
👉वित्तीय वर्ष 19-20 की आयकर विवरण 31 मार्च 2021 के बाद फाइल नहीं की जा सकेगी।
👉जिन व्यवसाई का टर्नओवर 50 करोड़ से अधिक है उन्हें भी अब *e-invoice* जारी करना 1 अप्रैल से आवश्यक हो जाएगा।
👉जिन व्यवसाई का टर्नओवर 5 करोड़ से अधिक है उन्हें 1 अप्रैल से 6 डिजिट का *HSN कोड* उल्लेखित करना आवश्यक हो जाएगा व 5 करोड़ तक के टर्नओवर वालों को 4 डिजिट का *HSN कोड* अनिवार्य हो जाएगा।
👉1 अप्रैल से सभी कंपनियों को जो अपने खाते कंप्यूटर पर रखते हैं उन्हें अकाउंटिंग सॉफ्टवेयर मैं कुछ बदलाव करने होंगे जिसमें यह निश्चित करना होगा कि *ऑडिट ट्रेल* व अन्य कई जरूरी features उसमें होनी चाहिए।

*होली की हार्दिक शुभकामनाएं*
*🙏🙏🙏

14/01/2021

Income Tax like life isn’t fair.

2018-19 just 2.5% (3.3 crore Indians) paid IT. Of them 4% paid 60% of the income tax collected. Within them salaried employees paid 3 times the tax that self employed paid.

97000 Indians declared income more than a crore. Of that more than half were salaried!

Thanks to TDS, the salaried class is forcibly honest. Salaried at highest slab pay 43% Income Tax, 18% GST on spends, 60% tax on every liter of petrol, 5% stamp duty when a property is bought and also when sold even at a loss. Corporates pay only 25% income tax, get set off against GST and all expenses are tax deductible for them unlike for salaried individuals.

He wonders why salary got through hard work is taxed at 43% but a stock market punt qualifies for long term capital gain at 10%!

It hurts when he pays more taxes than the self employed and it hurts even more when his taxes go to fund losses of Banks often caused by Frauds or to keep the expensive toys of Air India in air.

It hurts that world over tax payers get free education, free health care and pensions.

Our tax payer gets nothing.

Madam FM, as you deliver the promised budget of the century, hope you do justice to this coolie of India's taxes.

26/10/2020

*Revised due dates Updates*

Income tax return for FY 2019-20 (no tax audit) -
*31 December 2020*

Income tax return for FY 2019-20 (TP, tax audit and partners of tax audit firms) -
*31 January 2021*

Various audit reports (including tax audit, transfer pricing) -
*31 December 2020*

Income tax return for FY 2018-19 -
*30 November 2020*

GSTR9/9C for FY FY 2018-19 -
*31 December 2020*

23/10/2020

ADMIT CARD of CA Exam Nov 2020 Examinations will be uploaded on 1st November, 2020 .

Options to opt out from November 2020 attempt for all: Opt out window will open on 7th November, 2020....

13/10/2020

ICAI November Exams postponed to 21st November,2020...

30/09/2020

CBIC has extended due date for furnishing Annual Return in GST /9 and 9C for 2018-19 to 31st Oct 2020