Goyal Shubham & Associates, Chartered Accountants

25/06/2022

03/11/2021

May this Diwali Light up New Dreams, Fresh Hopes, Undiscovered Avenues, Different Perspectives, Everything Bright & Beautiful, And Fill Your Days with Pleasant Surprises & Moments.
Happy Diwali 2021🙏🙏

30/09/2021

LAST DATE ALERT i.e., 30th Sep, 2021

> Last date to pay ICAI annual membership/COP fees
Please note that the payment of fee shall be made online through Self-Service Portal (SSP) at the link https://eservices.icai.org/
Kindly ignore if already paid.

> The Due Date of filing DIR-3 KYC for the financial year 2020-21 is 30th September 2021. Otherwise department will mark the DIN of such director as ‘Deactivated due to Non-filing of DIR-3 KYC’ and Penalty for non compliance is INR 5,000.

> Today is the last date for payment of Income Tax under Vivad se Viswas Scheme without additional payment.

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Regards
CA Shubham Goyal

13/09/2021

Important points to consider even after the extension of due dates for Income Tax Return and Audit report:

1) Although due date of ITR extended but Interest U/s 234A shall apply only if total tax payable is more than Rs.1 lakhs.

2) Due date of holding AGM by Companies for FY 2020-21 is still 30th Sept. 2021, so plan your schedule accordingly. Although option to do AGM with shorter notice with 95% members approval still available.

3) Please keep in mind the requirements of Generating UDIN for signing Financial Statement of the Companies.

4) Today Tax Audit utility for A Y. 2021-22 has been available at Income tax portal.

Regards
CA Shubham Goyal
+91-7838134467

13/09/2021

Extension of due dates for filing of Income Tax Returns and various reports of Audit for AY2021-22.

31/08/2021

Branch Audit/Internal Audit at multi-locations all over Delhi/NCR.
Accounting in Tally/Busy.
Have a good observation and good communication skills.
Preferable- Good English writing/speaking

30/06/2021

TDS/TCS on Purchase/Sale of GOODS w.e.f. 1st July, 2021.

Regards
CA Shubham Goyal

22/06/2021

As per Circular No.11 of Finance Act, 2021, CBDT has introduced Section 206AB and 206CCA for deduction/collection of tax under any section (Other than Sec192, 192A, 194B, 194BB, 194LBC, 194N) by higher rate i.e. twice the rate specified or 5% whichever is higher on any amount paid/payable/credited/collected by a person to/from a specified person.

Specified person is the one who satisfies both the following conditions:
1. Who has not filed an Income Tax Return for the previous 2 years.
2. Aggregate of TDS and TCS receivable is Rs.50,000 or more in each of these two years.

Above sections will be applicable from 1st July, 2021 and to ease the compliance, a new functionality "Compliance Check for Sections 206AB & 206CCA" has been introduced. This functionality will allow to check through PAN number that whether the person is specified person or not.

Regards
CA Shubham Goyal

20/06/2021

Import-Export Code (IEC) Mandatory Renewal

As per Notification No. 58/2015-2020 dated 12th February, 2021 , all IEC holders are now legally required to update and validate their IEC Details, even if there are no changes, from April to June once every year through Online system. If fails to update the same, then their IEC shall be de-activated and no import or export activity will be possible.

No fees will be charged for the updation of IEC between April-June every year. And as on date no fees is prescribed by the DGFT for reactivation of IEC.

Kindly renew your IEC before 1st July, 2021 so that it doesn't get deactivated.

Regards
CA Shubham Goyal

24/05/2021

Extension of time limits of certain compliances by CBDT to provide relief to taxpayers: