NSKT & CO LLP

01/02/2021

Taxation highlights from Union Budget:

▪️Senior Citizens: Reduced Compliance burden for 75 years and above - not required to file ITR if only pension and interest income.

▪️Vivad se Vishwas scheme opting timeline increased till 28.02.2021

▪️No more GST audits.

▪️Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in serious tax evasion cases.

▪️Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakhs).

▪️National Faceless Income Tax Appellate Tribunal Centre

▪️Relaxations to NRI: Proposal to notify rules for removing hardships for double taxation.

▪️Tax Audit Limit: Tax audit limit increased from 5 crores to 10 crores (only for minimum 95% digitized payments business).

▪️Relief on advance tax liability on dividend income.

▪️Tax holidays for Aircraft leasing companies.

▪️Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled.

▪️Small Charitable Trusts compliance limit increased from 1 crore to 5 crores.

▪️Late deposit of employee’s contribution by employer will not be allowed as deduction.

▪️Incentive to startup: Tax holiday exemption for one more year for FY 21-22.

▪️Duties reduced on various textile, chemicals and other products.

▪️Gold and Silver (BCD reduced).

▪️Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.

13/01/2021

31/12/2020



It is our wish that in this year, you will expand the scope and scale of your life in ways that you have not imagined possible.

NSKT & Co LLP
Chartered Accountants
nskt.in

16/11/2020

Treasure the bond you share with your siblings.

& Co LLP wishes you Happy

15/11/2020

Govardhan Pooja is celebrated immediately after Diwali in commemoration of Lord Krishna’s victory over Lord Indira.

This festival is more focused on the pooja.

Greetings from & CO LLP to all on the auspicious occasion of

14/11/2020

Diwali, the festival of lights, is considered an auspicious occasion to invest.

On this auspicious festival of lights, may the glow of joy, prosperity & happiness illuminate your life and your home.

& Co LLP wishes you all Happy Diwali!

May the divine light of Diwali spread into your life peace, prosperity, happiness & good health.

12/11/2020

May this Dhanteras Light up new dreams, fresh hopes, undiscovered avenues, different perspectives, everything bright.

& Co LLP wishes Happy Dhanteras to all!

24/10/2020

Let's Celebrate the victory of forces of good over evil.

Wishing you all a very Happy Dussehra!!

14/08/2020

India's freedom struggle was a hard-fought one and Independence Day is the day to pledge and to protect the unity and integrity of our country.

Be the cause of unity and flair the flag of our great nation.

2020!!

21/06/2020

Your health is your wealth - Stay Fit & Stay Healthy

25/05/2020

With more and more people gaining access to the internet and becoming a reality, concerns for is on the rise.

Few important questions every business owners must ask and should prepare immediate action plan.

-Is your business well-equipped to handle concerns of data privacy?

-Have you done in your organisation?

-Do you have data protection in place to the risk of ?

Read "Are you prepared to assure data privacy in your organization?" authored by Mahajan and Singh and published in leading Magazine.

To find out more do read at https://www.dqindia.com/prepared-assure-data-privacy-organisation/

If Pandora’s box could be opened in the 21st Century, do you know what would crawl out? Data. Data has definitely become the myth, bringing along with...

23/05/2020

https://www.nskt.in/register-your-business-under-msme/

MSME Registration and its Benefits The true mark of a growing and developing society lies in the way it protects its weak. In any industry, the weakest but t