Tag: Tax Brainly

Extended due dates of Income Tax Returns and TDS/TCS Returns

Post Views: 584 The CBDT has issued a Notification No.-35/2020 dated 24th June, 2020 to provide relief to the taxpayers by extending various time limits of tax compliances. CBDT has extended due dates for filing Income Tax Returns and TDS and TCS Statements by issuing this notification. The noticeable features of the notification are as […]

CBDT notifies Cost Inflation Index (CII) for the Financial Year-2020-21

Post Views: 213 COST INFLATION INDEX The cost inflation index (CII) for the Financial Year 2020-21 has been notified by the Central Board of Direct Taxes (CBDT) vide notification no. 32/2020 dated 12th June, 2020. This notification shall come into force with effect from 1st April, 2021 and shall accordingly apply to the assessment year […]

Extended GST Due Date Chart

Post Views: 498 Because of COVID-19 pandemic Government has extended due date for various GST Compliances. Here in this article we shall discuss various extended due dates and interest liability in respect of late payment of GST. Normal Taxpayer Extended due dates to file GSTR-3B if, Aggregate turnover in the preceding Financial Year is more […]

Complete guide on MAT and AMT provisions under Income Tax Act, 1961

Post Views: 143 MAT vs AMT Title MAT AMT Full Form of MAT and AMT MAT stands for Minimum Alternate Tax AMT stands for Alternate Minimum Tax Applicable MAT is applicable for Company Assessee. AMT is applicable to all assessee other than Company Assessee having Adjusted Total Income more than 20,00,000. Section Section-115JB of Income […]

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