K H Doshi & Associates LLP

18/09/2022

Income Tax department relaxes norms for compounding of offence

Issuing the revised guidelines for Compounding of offences under the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) said: "The scope of eligibility for compounding of cases has been relaxed whereby case of an applicant who has been convicted with imprisonment for less than 2 years be...

31/08/2022

27/08/2022

I-T department going into new areas to check tax evasion: CBDT chairman

The Central Board of Direct Taxes, the administrative body for the tax department, undertakes search and seizure operations to check instances of tax evasion apart from performing its regular task of collecting revenue for the government under the direct taxes category.

24/08/2022

CBDT reviewing its ‘faceless’ tax assessment scheme: Report -

According to the report, the review was prompted by a recent order of the Allahabad high court in which it imposed a penalty of ₹50 lakh on erring tax officials.

24/08/2022

Failed refunds, income tax queries… Things to check after filing returns -

Your tax refund due might be delayed this year if you have failed to link your Aadhaar with your PAN in your bank account or haven't complete KYC formalities.

24/08/2022

CBDT Notifies New Form 29D For Refund Of Tax Deducted -

The Central Board of Direct Taxes (CBDT) has notified the new Form 29D for refund of tax deducted.The Board has notified the Income-tax (26th Amendment) Rules, 2022. The amendment added a new...

24/08/2022

Follow rules in issuing tax notices, says CBDT -

The instruction issued by CBDT specified that information available with the department is to be duly verified and opportunity of being heard is given to a tax payer before taking action

24/08/2022

Key Updates on MCA V3 portal

1. 09 company forms (CHG-1, CHG-4, CHG-6, CHG-8, CHG-9, DIR-3 KYC, DIR-3 KYC WEB, DPT-3 and DPT-4) are scheduled to go-live on 01.09.2022 (00:00 hrs).

2. Remaining company forms and other modules like e-Adjudication, Compliance Management System are scheduled to be fully deployed within this Calendar Year.

3. In view of the upcoming launch of 09 Company forms in version-3, LLP filings on MCA21 V-3 portal will not be available from 27th Aug (00:00AM) to 28th Aug (23:59hrs).
However, MCA21 V-2 Portal for company filings will remain available.

4. Phase-1 of rollout was completed on 24th May 2021 with launch of https://zcu.io/cdtV e. Consultation Modules and a revamped website.

As part of Phase-2, LLP Module for supporting all LLP filings was launched on 08th March 2022.

The 3rd version of the portal, a key platform to submit the required documents and filings under the Companies law and the Limited Liability Partnership Act, has leverage analytics, artificial intelligence and machine learning.

24/03/2020

FM Nirmala Sitharaman:

1.Last date for filing March, April and May 2020 returns is being extended to June 30, 2020.
2.Different staggering dates will be applicable, but all will be end of June.
3. No interest, no penalty and no late fee will be charged for companies with a turnover of less than Rs 5 crore.
4. Only interest, but no late fee and no penalty for bigger companies.
5. Date of opting for composition scheme has been extended to 30th June, 2020.

05/01/2020

Returns in ITR-1 Sahaj can be filed by an ordinarily resident individual whose total income does not exceed Rs 50 lakh, while Form ITR-4 Sugam is meant for resident individuals, HUFs and firms (other than LLP) having a total income of up to Rs 50 lakh and having presumptive income from business and....

27/09/2019

Return filing date extended to 31 October 2019

14/08/2019

Independence Day Celebration