Shyam Taxation Services

23/03/2022

We Provide all types of Accounting and Taxation Services.
Don't hesitate to call on 8420350895

31/08/2020

Last date GSTR 4 for FY 2019-20 extended to 31st October 2020.

13/08/2020

File your Income Tax Return before due date
For more details call or watasapp me on 8420350895

12/08/2020

Deductions under section 80C to 80U are allowed from gross total income to compute total income however deduction is allowed only from normal income.

Deductions are not allowed from-

i) Long term capital gains, Section 112
ii) Casual income, Section 58(4)
iii) Short term capital gains on sale of short term equity shares or short term units of equity oriented mutual funds provided securities transaction tax has been paid, Section 111A
iv) Long term capital gains on sale of long term equity shares or long term units of equity oriented mutual funds provided securities transaction tax has been paid, Section 112A

31/07/2020

ITR 3 is now Available for F.Y. 2019-2020 along with form 1,2 and 4. Those who were waiting can now file their ITR and with this, Tax Audits can also be done Now.
For Any help related to Tax Audit or ITR you can DM your Queries.
Contact : 8420350895

29/07/2020

Important money and tax compliances to be done by July 31

1. As per CBDT press release, an individual whose self-assessment tax liability exceeds Rs 1 lakh, the last day to pay self-assessment tax without any penal interest is July 31, 2020. If such tax is paid after the date, then penal interest at the rate of 1% per month will be levied.

2. Last date for filing ITR (original and revised) for AY 2018-19 is July 31, 2020. If an individual does not file the belated or revised ITR, if due, by the deadline (i.e., July 31), then he/she will not be able to file and/or revise the ITR for the financial year 2018-19.

3. To provide relief to employers and to provide higher take home pay to employees, the government had reduced the Employees’ Provident Fund (EPF) contribution for May, June and July, 2020. Therefore, from next month, employees’ deduction as well as employers’ contribution to EPF will be made at the normal rate of 12% instead of the reduced 10%.

4. The deadline to make tax-saving investments like PPF for FY 2019-20 was extended to July 31, 2020. If you miss this deadline, you will not be able to claim deductions in respect of the same.

5. Last date to file TDS and TCS statement for FY 2019-20 has been extended to July 31, 2020.

29/07/2020

Due Date for filing of I.T. Return (A.Y 19-20) has been extended

29/07/2020

Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for various direct tax compliances. A list of due dates/extended due dates are as follows:

of Compliance Due Date/Extended Due Date Making Tax saving Investments For A/Y 2020-21 31st July, 2020

of belated or revised ITR for A/Y 2019-20 31st July, 2020

/TCS return filing for Q4 of F/Y 2019-20 31st July, 2020

16 for TDS on salary of F/Y 2019-20 15th August, 2020

16A for TDS on income other than salary for Q4 of F/Y 2019-20 15th August, 2020

certificate for Q4 of F/Y 2019-20 15th August, 2020

instalments of advance tax for A/Y 2021-22 15th September, 2020

investment/construction/deduction for exemption from capital gain for A/Y 2020-21 30th September, 2020

of Tax Audit Report for A/Y 2020-21 31st October, 2020

Tax Return filing for A/Y 2020-21 30th November, 2020

of self-assessment tax for A/Y 2020-21, up to Rs. 1 lakh, without interest u/s 234A 30th November, 2020

instalments of advance tax for A/Y 2021-22 15th December, 2020

for Vivad se Vishwas Scheme 31st December, 2020

instalments of advance tax for A/Y 2021-22 15th March, 2021

of Aadhaar with PAN 31st March, 2021

24Q, 26Q, 27Q and 27EQ of Q1 and Q2 of F/Y 2020-21 31st March, 2021

26QB, 26QC and 26QD of April to November 2020 31st March, 2021

24/07/2020

22/07/2020

Due to Covid19 pandemic I have decided to file income tax return at a minimum cost of Rs. 500/- for F.Y 2019-20 (A.Y 2020-21)

Interested persons can call or message me on watsapp
My Mobile No. 8420350895

16/07/2020

to understand while filling for #2019-20. Important tax rules.