Income Tax Filing in Tambaram

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Income Tax Filing in Tambaram

GST Annual Return

GST annual return filing is mandatory for all organization having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file Nil GST return.

Before filing GST annual return the taxpayer must have filed all GSTR-1 or GSTR-3B or GSTR-4 return for the period of  April to March. In case there are overdue GST returns for the above-mentioned period, the GST registration holder will not be allowed to file GST annual return.

GST Annual Return Types

  • GSTR-9: All GST registered organization are required to file GST annual return in form GSTR-9.
  • GSTR-9A:GST Composition Scheme under Goods and Services Tax (GST) are required to file GSTR-9A.
  • GSTR 9C is applicable who obtain an annual GST audit of their accounts. GSTR-9C must be prepared and certified by a Chartered Accountant or Cost Accountant. GST audit is applicable for person having GST registration with an annual aggregate turnover of above Rs. 2 crores in a particular financial year.

GST RETURN FILLING

Registered organization are required to file 2 monthly returns and 1 annual return, in a year.

Organization have to file the GSTR-3B return every month providing details of sales and purchases made in a month. GSTR-1 return must be filed every month by businesses having an annual revenue of over Rs.1.5 crores/Having less than 1.5 crores of turnover required to file on a quarterly basis.

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Income Tax Filing In Tambaram

Income tax filing in Tambaram Basically, income tax refers to profits tax. The amount of your income should be paid to the central government. The government levies taxes on the income of all individuals (individuals, individual companies, INDU households, INDU households, Indian households, Indian households), local authorities or other priority taxes. People with income in a particular year. If you earn more than 5 lakes per year, you need to use a digital signature to file a tax return.

Regarding income (1)(ac), Article 10(1)(23C), Article 35(1)(5), Article 80G(5)(I) and (iv) and Article 12A(i) and ( Section vi) requires the use of the 1961 text to re-register the new form using the revised Form 10A. In the previous section, Form 10A is also used for new registrations. Click here to view the announcement. On February 19, the Central Direct Taxation Commission (CBDT) decided to extend the tax compliance period on Saturday by a few days. “Due to the unfavorable circumstances caused by the severe Covid-19 pandemic,

as well as various inquiries from taxpayers, tax advisors and other stakeholders across the country, requesting relaxation of various compliance periods, the government today extended certain terms”-in In the statement of the Ministry of Finance.He added that this measure aims to “alleviate the difficulties faced by various actors.” He said in a statement: “This is a welcome move to extend the timetable. For various tax requirements. Sumit Mangal, a partner of L&L Partners, said that when the country responded to the second major wave of coronavirus.

he said that it should be submitted on or before March 31, 2021, Article 139 (4) of the Income Tax Law of 2020. ) And the revised statement of Article 139(5) 2) Individuals can be CBDT established on April 1, 2021, at the date of “according to the deadline specified in this section or May 31, 2021 Before the date (whichever is later), the appeal (appealing) to the Commissioner under Chapter 20 of the Income Tax Law,.Objections to the Dispute Resolution Team (DRP) in accordance with Article 144C of this law,

the final submission date of this article is April 1, 2021 or later, and it can be submitted before the deadline corresponding to this article or December 31 Objection, May 2021, whichever is later. 4) According to the notice in Article 148 of the Act, the income tax return can be filed within the period permitted by the notice or before May 31, 2021. 5) “Taxes withheld pursuant to Section 194-IA., Sections 194-IB and Section 194M of the Act, and the submission of the required withholding tax payment statement must be made on April 30, 2021

Income Tax Filing In Tambaram the Vivad se Vishwas Direct Tax Law was promulgated in 2020, aimed at reducing pending income tax disputes and generating revenue for the country in time in 2021. Services are also included as companies are working hard every month Pay taxes and file tax returns, so it is urgently needed.” said Pra Tek Bansal, partner of White & Brief Advocates & Solicitors.”The easing policy is the latest of the government’s recent initiatives to ease tax compliance during these turbulent times.

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