CA ALOK RAI

31/01/2024

TDS RETURN DUE DATE DOR THE PERIOD OCT- DEC 2023

20/01/2024

JAI SHRI RAM

14/01/2024

HAPPY MAKAR SANKRANTI

17/12/2023

December 2023 Due Dates

22/01/2023

SOCIAL ETIQUETTE

22/01/2023

USE OF CUTLERY, FORK and Knife

SOCIAL ETIQUETTE

24/10/2022

HAPPY DIWALI

23/10/2022

KEDARNATH BABA KI JAI HO

04/05/2022

Due dates for GST , TDS & PF ESI FOR THE MONTH OF APRIL 2022

01/02/2022

Budget updates - Direct Tax

- Provision for filing ‘Updated Income Tax returns’ within 2 years from end of relevant AY

- Reduced AMT rates for Co-operatives from 18.5% to 15%

- Reduced surcharge for Co-operatives with total income of 1cr to 10Cr

- Tax relief for persons with disability: Allow annuity payment to differently abled dependents when parents attaining age of 60 years

- Deduction for National Pension Scheme for State Government employees u.s 80CCC made at par with Central Govt.

- Start-ups established before 31.03.2023 (earlier – 31.03.2022; now extended by 1 year) will be provided tax breaks

- Last date for commencement of manufacturing for claiming lower tax regime under Section 115BAB to be 31.03.2024 (earlier 31.03.2023; now extended by 1 year)

- Virtual digital assets (Cryptocurrency):
Income from transfer of virtual digital assets to be taxed at 30%; No deduction for expenses other than cost of acquisition; No set off of losses

TDS @ 1% on consideration above specific threshold
Gift to be taxed u.s 56(2)(x)

- No repetitive appeals for common question of laws

- Off-shore banking units/ IFSC income to be provided exemptions

- Surcharge of certain AOPs to be capped at 15%

- Surcharge on Long Term Capital Gains on any assets to be capped at 15%

- Health and education cess not allowable as business expenditure u/s 37

- No set off of losses against undisclosed income detected during search