A K Saini & Associates, Chartered Accountants, Paota,Jaipur

04/11/2021

15/08/2021

Jai Hind 🙏🙏🙏

21/04/2021

सबके अच्छे स्वास्थ्य व सुख-शांति की मंगल कामना के साथ आप सभी को राम नवमी की हार्दिक शुभकामनायें।

13/07/2020

One-Time Relaxation for *Verification of ITR* for AY 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 Pending for Submission of ITR-V

*यदि आपके द्वारा उपरोक्त कर निर्धारण वर्ष/ वर्षों की ITR-V अभी तक CPC बंगलौर नहीं भेजी है तो, CBDT द्वारा 30.09.2020 तक पुनः एक आखिरी मौका दिया गया.*

01/07/2020

Flying Top Of The World, Contribute to Make Our Career, Contribute in fulfilling our dreams Etc… We are proud to be part of ICAI.

31/05/2020

1.CBDT Announce IT Returns Form 1 to 7 For Assessment Year 2020-21😎
2.Income Tax department Has Further Amended the Rule 12 & Notified New ITR Form For AY 2020-21
3.Additional Disclosure Of Investment Made During 01-04-2020 to 30-06-2020 Shall Be Required to Be Give.
4.Form 26AS has been revamped to an 'Annual Information Statement' which apart from the TDS/TCS details, will now contain comprehensive information about specified financial transactions, payment of taxes, demand/ refund and pending/completed proceedings undertaken by a taxpayer in a particular financial year which are to be mentioned in the income tax returns.
5.A new Section 285BB has been added in the Income Tax Act. The revamped Form 26AS will come into effect from 1st June
6. Form 26AS, the annual consolidated tax statement, can be accessed from the income-tax website by taxpayers using their
Permanent Account Number (PAN).

22/05/2020

13/05/2020

To provide more funds at the disposal of taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, rates of TDS have been reduced by 25% for following non-salaried specified payments. Here is the table of existing & new reduced rates

13/05/2020

Liquidity Measures

1. Govt to bear PF for 3 more months for units with upto 100 workers & with 90% having salary less than 15,000.
2. For units not getting any PF relief already, contribution reduced from 12% to 10% for 3 months for both Employer and Staff.
3. Payments in Vivaan se Vishwas can now be paid till 31 Dec, 2020.
4. ITR date for AY 20-21 extended to 30 Nov 2020 for all cases. Tax audit date extended to 31 Oct 2020.
5. TDS/TCS Rates reduced by 25% from 14.5.20 to 31.3.21 on ALL Payments.
6. Collateral free loans for MSMEs, with limits also relaxed.
7. Relief for NBFCs and Real Estate.

13/05/2020

Stimulus Package by FM announcement 13.05.2020

1. *MSME Step-1
20% top-up loan, to outstanding loan (as on 29.02.2020) Collateral Free Automatic Loan for MSME. Those MSME having Loan upto 25cr and turnover upto 100cr will be covered in this scheme. 100% Central Govt Guaranteed. This loan will be for 4 Yrs with a Moratorium of 12 Months.

2. *MSME Step-2
20,000Cr will be infused as Subordinate Debt for stressed MSME thru CGTSME Trust.

3. *MSME Step-3
Their is a Fund of Fund to be created. Rs 50,000cr will be infused as equity to standard MSME. Will help them to expand their capacities.

4. *MSME Step-4
Definition of MSME changed. Investment Limit which defines a SME is changed. Now Turnover criteria is also introduced. Different between manufacturing and service SME is removed. Micro Units- Investment limit increased to 1Cr from 20Lakh. And Turnover can be upto 5Cr. Other changes are also done. For Medium Enterprise the limit increased to 10 Cr Investment and turnover 50Cr. 20Cr and 100Cr

5. *MSME Step-5
Tenders upto 200Cr relating to Govt procurement will not be Global Tenders any more. MSME will get big benefit out of it

6. *MSME Step-6
All Central Govt outstanding will be cleared within 45 Days by Govt Help of all MSME.

7. *EPF Step-1
EPF Payment was paid by Govt for Mar, April and May now Extended by another 3 Months. 12%+12% will be paid by Govt of India.

8. *EPF Step-
Contribution reduced from 12% to 10% for those organisation having more than 100 employee is done now.

9. *NBFC, MFI, HFC-Step-1
Special 30,000cr Liquidity window will be given. Govt will buy debt papers of these institutions even if investment grade. These will be fully guaranteed by govt of India.

10. *NBFC Step-2
To Give 45,000cr Liquidity to NBFC. First 20% Loss will be born by Govt of India. Even unrated papers will get money under this scheme.

11. *Discom Steps
Discom not able to pay the power generation Companies. 90,000cr Special fund created to pay all outstanding of Power Generation Companies. PFC and REC will give this money

12. *Contractors Step
6 Month extension will be given to all Govt contractors of Railways, Roads, Other departments. Govt Agencies will partially release Bank Guarantees to the extent of work completed. A Big Step.

13. *Realestate Step
Covid19 can be treated as act of God. Using the Force Major Clause the project registration will be extended by 6 Month automatically. Completion dates of existing projects to be extended automatically by 6 Months by Govt authorities.

14. *Tax Related Step
Non Salaried TDS and TCS rates will be reduced by 25% (from existing Level rates). This will be effective from tomorrow and will remain till 31-03-2021.

15. *Tax Related Step*-
All Pending Refunds will be issued immediately to all to 5 Lakhs.
For AY 2020-21 the *ITR filing* Dates extended to 30th Nov 2020, And Tax Audit Date extended to 31st October 2020.