Sandeep S & Associates - Chartered Accountants

Sandeep S & Associates - Chartered Accountants Sandeep S & Associates is a Chartered Accountancy Firm providing services in the field of Direct Tax

16/09/2020

Required Accountant for Greater Noida Location
In a CA firm
Should be having Tax Audit, GST Audit & MCA knowledge.

11/08/2020

Urgent Requirement for an Article Assistant for a CA firm based in Delhi - Job location would be Greater Noida.

Kindly forward to your contacts

CA Sandeep Sharma
9953331360
[email protected]

Due date for ITR of FY 2018-19 is extended to 30th September 2020.
30/07/2020

Due date for ITR of FY 2018-19 is extended to 30th September 2020.

GSTR1DUE DATES
06/07/2020

GSTR1
DUE DATES

04/03/2020

Looking for a paid assistant position for a CA firm in Greater Noida. Should be having relevant experience of Accounting and Taxation.

Share your resume at the following id.

[email protected]
9953331360

Regards
CA Sandeep Sharma

14/11/2019

Looking for a paid assistant position in a CA firm in South Delhi. Should be having relevant experience of Accounting and Taxation.

Share your resume at the following id.

[email protected]
9953331360

Regards
CA Sandeep Sharma

19/03/2019

Last few days left to avoid GST Penalty for late filing

The biggest relief extended to small business by the 31st GST Council is the waiver of late fee for filing GSTR-1, GSTR-3B and GSTR-4 return for the period July 2017 to September 2018.

The 31st GST Council has earlier announced:

“Late fee shall be completely waived for all taxpayers in case FORM GSTR-1, FORM GSTR-3B &FORM GSTR-4 for the months / quarters July, 2017 to September, 2018, are furnished after 22.12.2018 but on or before 31.03.2019.”

Thus, filing any overdue GST Return upto September 2018 - before 31st March 2019 will not attract any late fee penalty.

From 1st April 2019, heavy GST penalty will be applicable for filing these overdue returns. Hence, we request you to kindly take note of this provision to file all overdue GST returns.

Note: GST return has to be filed by all persons having GST registration - even if there is no transaction. In case there is no transaction, NIL GST return has to be filed or late filing penalty would be applicable.

Regards
CA SANDEEP SHARMA*
+91-9953331360

07/03/2019

*GST ANNUAL RETURN*

The Annual return under GST (FORM GSTR-9) is active on the GST portal now.

Key points:

1. Annual return in Form GSTR-9 once filed cannot be revised.
2. Annual return in form GSTR-9 is required to be filed by every taxpayer registered as normal taxpayer (including those with nil returns) during the relevant financial year.

Regards
CA Sandeep Sharma
+91- 9953331360
Sandeep S & Associates

01/02/2019

*Budget Highlights for Individuals*

Sandeep S & Associates - Chartered Accountants

1. Individual taxpayers with annual income up to 5 lakh rupees to get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities. Around 3 crore middle class taxpayers will get tax exemption due to this measure.
2. Standard tax deduction for salaried persons raised from 40,000 rupees to 50,000 rupees
3. TDS threshold on interest on bank and post office deposits raised from 10,000 to 40,000 rupees.
4. TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh rupees.
5. Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to 2 crore rupees; can be exercised once in a lifetime.

Regards
*CA SANDEEP SHARMA*
*+91-9953331360*

01/02/2019

HIGHLIGHTS OF BUDGET 2019 by
Sandeep S & Associates - Chartered Accountants

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers

Regards
*CA Sandeep Sharma*
*+91-9953331360*

11/12/2018

GST update -

Extension of the due date for filing of returns in FORM GSTR-9, 9A & 9C for the part of the Financial Year July 2017 to March 2018 from 31st December'18 to 31st March 2019 (Press Release dated 07.12 2018).

Regards

CA Sandeep Sharma
Sandeep S & Associates
+91-9953331360

01/11/2018

Important Due dates for Compliance under Income tax for the month of “November 18”

> 07 Nov’ 18 - Due date for deposit of tax deducted/collected at source for the month of October 2018

> 14 Nov’18 - Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB in the month of September 2018

> 15 Nov’ 18 - Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2018.

> 30 Nov’18 - Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA, 194-IB in m/o October 2018

> 30 Nov’18 - Audit report(Form 3CA) u/s 44AB for the AY 2018-19 for assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E.

> 30 Nov’18 - Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction.

CA Sandeep Sharma
+91-9953331360

Address

Alpha 1 Commercial Belt
Greater Noida
201310

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