Skip to main content

CBDT takes further steps to ease compliance for taxpayers due to COVID-19 pandemic.

CBDT takes further steps to ease compliance for taxpayers due to COVID-19 pandemic.
Vide order u/s 119 of IT Act, 1961 in Circular No.10/2020 dt 24/04/2020, the reporting under clause 30C & 44 of Tax Audit Report shall be kept in abeyance till 31st March, 2021.

Comments

Post a Comment

Popular posts from this blog

How interest will be calculated if you opt for moratorium on credit card dues amid Covid lockdown

Normally, one can defer payment by paying 'minimum due amount' and roll over the balance outstanding amount to the next month. In this process, the unpaid amount is carried forward to the next billing cycle and 2-4 percent interest is levied on it. Should you opt for the three-month  moratorium  on payment of  credit card  dues being offered by some banks as a relief measure, after a nudge from the Reserve Bank of India (RBI).As per the recent RBI notification, banks are permitted to grant a moratorium of three months for payment of all credit card dues falling between March 1, 2020 to May 31, 2020 but  interest  will continue to accrue on the unpaid dues during the moratorium period. RBI took this step to provide borrowers temporary relief in the economic upheaval caused by the  coronavirus  related  lockdown . Let's first take a basic illustration of a credit card statement. Here in this example, the total credit card dues to be...

important updates

GST Due dates.