TaxShooter, E-190, Phase-8B, Industrial Area, Mohali (2026)

02/06/2020

📣𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: 𝟔 𝐤𝐞𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧 𝐈𝐓𝐑 𝐟𝐨𝐫𝐦𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐅𝐘 𝟐𝟎𝟏𝟗-𝟐𝟎 (𝐀𝐘 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟏).

🔹𝐇𝐨𝐮𝐬𝐞 𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩: Individual taxpayers who are joint owners of house property cannot file ITR-1 or ITR-4.

🔹𝐏𝐚𝐬𝐬𝐩𝐨𝐫𝐭: One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR-1 (Sahaj) and ITR-4 (Sugam). Hopefully, it will be made mandatory in other ITR Forms as well.

🔹𝐂𝐚𝐬𝐡 𝐝𝐞𝐩𝐨𝐬𝐢𝐭: For those filing ITR 4-Sugam, it has been made compulsory to declare the amount deposited as cash in a bank account, if such amount exceeds Rs 1 crore during the FY.

🔹𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐭𝐫𝐚𝐯𝐞𝐥: If you have spent more than Rs 2 lakh on traveling abroad during the FY, you need to disclose the actual amount spent.

🔹𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧: If your electricity bills have been more than Rs 1 lakh in aggregate during the FY, you need to disclose the actual amount.

🔹𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐬: Details of investment qualifying for deduction under chapter VIA with the bifurcation of details of investment made during the period from 1st April 2020, to 30th June 2020.

✅𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐈𝐓𝐑 𝐟𝐢𝐥𝐢𝐧𝐠 𝐝𝐨𝐧𝐞 𝐨𝐧𝐥𝐢𝐧𝐞 𝐪𝐮𝐢𝐜𝐤𝐥𝐲 𝐚𝐧𝐝 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞𝐥𝐲 𝐰𝐢𝐭𝐡 𝐓𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫 𝐚𝐭 𝐯𝐞𝐫𝐲 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐩𝐫𝐢𝐜𝐞𝐬. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

☎️ +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗
📲 +𝟗𝟏-𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
📧 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
🌐 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

01/06/2020

📣𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧 𝐅𝐨𝐫𝐦𝐬 𝐟𝐨𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐘𝐞𝐚𝐫 𝟐𝟎𝟏𝟗-𝟐𝟎𝟐𝟎

📋Please note that the MINISTRY OF FINANCE has notified Income Tax return forms for Financial Year 2019-2020 (Assessment Year 2020-2021).

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟏 (𝐒𝐚𝐡𝐚𝐣): For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income up to Rs.5000/- [Not for an individual who is either Director in a company or has invested in unlisted equity shares]

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟐: For Individuals and HUFs not having income from profits and gains of business or profession

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟑: For individuals and HUFs having income from profits and gains of business or profession

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟒 (𝐒𝐮𝐠𝐚𝐦): For Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE] [Not for an individual who is either Director in a company or has invested in unlisted equity shares]

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟓: For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟔: For Companies other than companies claiming exemption under section 11

🔹𝐅𝐨𝐫𝐦 𝐈𝐓𝐑-𝟕: For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only

✅𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐈𝐓𝐑 𝐟𝐢𝐥𝐢𝐧𝐠 𝐝𝐨𝐧𝐞 𝐨𝐧𝐥𝐢𝐧𝐞 𝐪𝐮𝐢𝐜𝐤𝐥𝐲 𝐚𝐧𝐝 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞𝐥𝐲 𝐰𝐢𝐭𝐡 𝐓𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫 𝐚𝐭 𝐯𝐞𝐫𝐲 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐩𝐫𝐢𝐜𝐞𝐬. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

☎️ +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗
📲 +𝟗𝟏-𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
📧 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
🌐 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

28/05/2020

✅ CBDT notifies the Annual Information Statement (new Form - 26AS) to replace old Form-26AS to report TDS, foreign tax credit, and more. Annual information statement (AIS) is more comprehensive than the old form 26AS as it will contain more information about financial transactions of taxpayers beyond the TDS and TCS transactions. AIS shall contain the following information:

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐞𝐝 𝐨𝐫 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐞𝐝 𝐚𝐭 𝐬𝐨𝐮𝐫𝐜𝐞

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐞𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐚𝐱𝐞𝐬

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐝𝐞𝐦𝐚𝐧𝐝 𝐚𝐧𝐝 𝐫𝐞𝐟𝐮𝐧𝐝

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧𝐠𝐬

🔹𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐝 𝐩𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧𝐠𝐬

tax

28/05/2020

Getting a permanent account number (PAN) has never been this easy. Instant allotment of PAN through Aadhar based E-KYC on a real-time basis by following these simple steps mentioned in the image.

25/05/2020

On this auspicious day of Eid-Ul-Fitr, Taxshooter family wishing everyone a very Happy Eid. May Almighty bless you with happiness, health, and love. Eid Mubarak!

24/05/2020

✅ 𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐌𝐒𝐌𝐄 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐣𝐮𝐬𝐭 𝟏 𝐝𝐚𝐲

Rs 20 Lakh crore COVID-19 relief package was announced by our honorable PM Shri Narendra Modi Ji. Below are some key benefits you can get after registering as MSME which is given under the Self-reliant India scheme:

🔹Collateral free automatic loans to meet daily business needs. The duration of the loan is 4 years. No principal repayment for 1 year.

🔹after obtaining MSME registration, the bank loans become cheaper as the interest rate is very low at around ~ 1 to 1.5%. Much lower than interest on regular loans.

🔹MSMEs will not face competition from foreign enterprises in bidding for Government procurement tenders up to Rs 200 crores. There are many government tenders that are only open to MSME Industries.

🔹E-market linkage for MSMEs. Use of fintech to enhance transaction-based lending through the e-marketplace.

🔹Government and Central public sector entities to release MSME dues in 45 days.

🔹Various tax rebates are offered to MSME. It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years

🔹Stressed MSMEs will get loans in the form of subordinated debt through CGTSME Trust. Viable MSMEs to get equity infusion through the creation of a fund of funds.

🔹Business registered under MSME is given a higher preference for government license and certification.

✅Some of the MSME schemes
📋Prime Minister Employment Generation Programme(PMEGP)
📋Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
📋Interest Subsidy Eligibility Certificate (ISEC)
📋Export Market Promotion (EMP)
📋Credit Linked Capital Subsidy for Technology Upgradation
📋Entrepreneurial and Managerial Development of SMEs through Incubators

𝟏𝟎𝟎𝟎+ 𝐌𝐒𝐌𝐄 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐝𝐨𝐧𝐞. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

☎️ +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗
📲 +𝟗𝟏-𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
📧 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
🌐 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

24/05/2020

📣𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: 𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐭𝐮𝐫𝐧 𝐨𝐟 𝐋𝐋𝐏 (𝐅𝐨𝐫𝐦-𝟏𝟏) 𝐟𝐨𝐫 𝐅.𝐘. 𝟐𝟎𝟏𝟗-𝟐𝟎

📋 The annual return of limited liability partnership (LLP) is a mandatory compliance requirement. However, newly incorporated LLPs have been exempted from filing the annual return. We can help you to understand the compliance requirements of LLP:

🔹Filing of annual return (form-11) is mandatory of all LLPs registered in India irrespective of the turnover during the financial year. Even when an LLP does not carry out any operations or business during the financial year, Form 11 needs to be filed.

🔹Annual return (form-11) includes all the details regarding designated partners, partner contribution, change in management, and policies of LLP.

🔹All the LLPs should file this form within 60 days from the end of the financial year. Hence the due date of form-11 is 30th May of the next immediate financial year i.e. for F.Y. 2019-20 due date is 30th May 2020.

✅𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐋𝐋𝐏 𝐚𝐧𝐧𝐮𝐚𝐥 𝐫𝐞𝐭𝐮𝐫𝐧 (𝐅𝐨𝐫𝐦-𝟏𝟏) 𝐟𝐢𝐥𝐢𝐧𝐠 𝐝𝐨𝐧𝐞 𝐰𝐢𝐭𝐡 𝐓𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

☎️ +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗
📲 +𝟗𝟏-𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
📧 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
🌐 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

18/05/2020

📣𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: 𝐋𝐚𝐬𝐭 𝐜𝐡𝐚𝐧𝐜𝐞 𝐭𝐨 𝐟𝐢𝐥𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐑𝐞𝐭𝐮𝐫𝐧 𝐟𝐨𝐫 𝐅.𝐘. 𝟐𝟎𝟏𝟖-𝟏𝟗

📋The income tax department has extended the last date of the income tax return for F.Y. 2018-19 from 31st march 2020 to 30th June 2020. File your income tax return on or before 30/06/2020 to avoid interest & penalties and to claim a refund of excess income tax paid. below are the benefits if you file your income tax return on time:

🔹𝐄𝐚𝐬𝐲 𝐛𝐚𝐧𝐤 𝐥𝐨𝐚𝐧 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐜𝐞𝐬𝐬: Income tax return makes it easier for banks to assess your source of income when you apply for loans like an auto loan, home loan, etc.

🔹𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐥𝐨𝐬𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐲𝐞𝐚𝐫: Without ITR filing, you cannot set off and carry forward your losses of the previous financial year in the next financial year.

🔹𝐒𝐚𝐯𝐞 𝐞𝐱𝐭𝐫𝐚 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐨𝐫 𝐩𝐞𝐧𝐚𝐥𝐭𝐲: If you don’t file ITR, it could lead to extra interest or penalty prescribed under the income tax act.

🔹𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐑𝐞𝐟𝐮𝐧𝐝: If you have paid excess tax on your income, then you can file for a refund from the income tax department. In order to get this refund, it is mandatory that you file ITR.

🔹𝐕𝐢𝐬𝐚 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠: You are asked to submit ITR receipts of previous years to process your visa application. This helps them to assess your income and ensure that you are able to take care of the expenses of your trip.

🔹𝐔𝐬𝐞 𝐚𝐬 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐩𝐫𝐨𝐨𝐟: ITR receipt sent to your registered address can be used as residential proof.

✅𝐅𝐨𝐥𝐥𝐨𝐰 𝐭𝐡𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐬𝐨𝐜𝐢𝐚𝐥 𝐝𝐢𝐬𝐭𝐚𝐧𝐜𝐢𝐧𝐠 𝐚𝐧𝐝 𝐟𝐢𝐥𝐞 𝐲𝐨𝐮𝐫 𝐈𝐓𝐑 𝐨𝐧𝐥𝐢𝐧𝐞 𝐪𝐮𝐢𝐜𝐤𝐥𝐲 𝐚𝐧𝐝 𝐚𝐜𝐜𝐮𝐫𝐚𝐭𝐞𝐥𝐲 𝐰𝐢𝐭𝐡 𝐓𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

☎️ +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗
📲 +𝟗𝟏-𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
📧 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
🌐 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

15/05/2020

🔹TDS and TCS rates for payments from 14 May 2020 till 31 March 2021 have been reduced by 25% of the existing rates.

🔹𝐍𝐞𝐰 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐓𝐃𝐒/𝐓𝐂𝐒 𝐫𝐚𝐭𝐞 𝐜𝐡𝐚𝐫𝐭 (𝐒𝐨𝐮𝐫𝐜𝐞: 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐞)

14/05/2020

𝐃𝐢𝐫𝐞𝐜𝐭 𝐭𝐚𝐱 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐬 𝐟𝐨𝐜𝐮𝐬𝐬𝐢𝐧𝐠 𝐨𝐧 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐬𝐞𝐥𝐟-𝐫𝐞𝐥𝐢𝐚𝐧𝐭 𝐈𝐧𝐝𝐢𝐚:

🔹TDS and TCS rates for payments from 14 May 2020 till 31 March 2021 have been reduced by 25% of the existing rates.

🔹All pending income-tax refunds of charitable trusts, non-corporate business, proprietorship, partnership, LLP, and society will be disbursed on an immediate basis.

🔹The due date for filing of all income tax returns for AY 2020-21 (F.Y. 2019-20) has been extended to 30 November 2020.

🔹The due date for tax audit for AY 2020-21 (F.Y. 2019-20) has been extended to 31 October 2020.

🔹The last date of assessments getting time-barred on 30 September 2020 has been extended to 31 December 2020. In the case of assessments getting time-barred on 31 March, 2021 has been extended to 30 September 2021.

🔹The last date of making payment under 𝐕𝐈𝐕𝐀𝐃 𝐒𝐄 𝐕𝐈𝐒𝐇𝐖𝐀𝐒 𝐒𝐂𝐇𝐄𝐌𝐄 without an additional amount has been extended to 31 December 2020.

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬/𝐐𝐮𝐞𝐫𝐢𝐞𝐬, 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

Mobile: +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗/ 𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
E-Mail: 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
Website: 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

07/05/2020

✅ 𝐆𝐞𝐭 𝐲𝐨𝐮𝐫 𝐈𝐦𝐩𝐨𝐫𝐭 𝐄𝐱𝐩𝐨𝐫𝐭 𝐂𝐨𝐝𝐞 𝐢𝐧 𝐣𝐮𝐬𝐭 𝟏 𝐝𝐚𝐲

Below are some key features/ benefits you can get after obtaining import-export code (IEC) :

🔹This code is mandatory to export or import the goods/ services

🔹 Easy to obtain

🔹 Business can be expanded globally

🔹 Even proprietor/ individual can obtain IEC without registering any company/LLP

🔹 Enjoy the benefits of various subsidies on export/ import

🔹 Lifetime validity

🔹 No monthly/ annually return filing requirement

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫, 𝐡𝐮𝐫𝐫𝐲 𝐮𝐩 𝐚𝐧𝐝 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐚𝐭

Mobile: +𝟗𝟏-𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗/ 𝟖𝟕𝟎𝟎𝟗𝟒𝟑𝟗𝟏𝟐
E-Mail: 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦
Website: 𝐰𝐰𝐰.𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐑𝐞𝐠𝐚𝐫𝐝𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

04/05/2020

𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐌𝐒𝐌𝐄/ 𝐔𝐝𝐲𝐨𝐠 𝐀𝐚𝐝𝐡𝐚𝐫 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧:

*Various Tax Rebates offered to Micro, small & medium Enterprises
*Easy Access to credit available
* Easy Bank loan available at the lower rate of interest
* Subsidy for patent and trademark registration
* Preference over others in government tenders
*Safeguard from financial harassment by big industries
*Concession on Electricity Bill etc.

𝐓𝐨 𝐨𝐛𝐭𝐚𝐢𝐧 𝐲𝐨𝐮𝐫 𝐌𝐒𝐌𝐄 𝐜𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐞, 𝐜𝐚𝐥𝐥 𝐮𝐬 𝐚𝐭 +𝟗𝟏 𝟕𝟒𝟐𝟖𝟑𝟑𝟑𝟗𝟑𝟗 𝐨𝐫 𝐰𝐫𝐢𝐭𝐞 𝐮𝐬 𝐚𝐧 𝐞-𝐦𝐚𝐢𝐥 𝐚𝐭 𝐢𝐧𝐟𝐨@𝐭𝐚𝐱𝐬𝐡𝐨𝐨𝐭𝐞𝐫.𝐜𝐨𝐦

𝐒𝐓𝐀𝐘 𝐇𝐎𝐌𝐄 𝐒𝐓𝐀𝐘 𝐒𝐀𝐅𝐄.

𝐂𝐡𝐞𝐞𝐫𝐬
𝐓𝐞𝐚𝐦 𝐓𝐚𝐱𝐒𝐡𝐨𝐨𝐭𝐞𝐫

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