Team Bizsol

Relaxation has been provided for application under Section 10(23C), 12AB, 35{l)(ii)/(iia)/(iii) and 80G of the Act in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc. which are required to be made on or before 30th June, 2021, may be made on or before 31st …

Relaxation has been provided for application under Section 10(23C), 12AB, 35{l)(ii)/(iia)/(iii) and 80G of the Act in Form No. 10A/ Form No.10AB.(26.06.2021) Read More »

Extension for furnishing Statement of Income paid or credited by an investment fund to its unit holder in Form No. 64D and Form 64C for the Previous Year 2020-21  has been further granted from 30th June, 2021 to 15th July, 2021. (IT Circular no. 12/2021 dated 25th June, 2021)

Filing of Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Act, for which last date of filing was 1st June, 2021 has been extended to last date specified or 31st, August, 2021 whichever is later. (IT Circular no. 12/2021 dated 25th June, 2021)

Time Limit for passing penalty order which was earlier extended to 30th June, 2021 is further been extended to 30th September, 2021. (Notification 74/2021 dated 25th June,21)

Extension of Time limit for passing order for assessment or reassessment under the Income-tax Act, and the time limit for completion of such action under section 153 or section 153B from 30th June, 2021 to 30th September, 2021. (Notification 74/ 2021 dated 25th June,21)

Last date for payment of Amount under Vivaad se Vishwas Scheme (with additional amount) has been notified as 31st October, 2021. (Notification 75/2021 dated 25th June,21)

Last date for payment of Amount under Vivaad se Vishwas Scheme (without additional amount) has been notified as 31st August, 2021. (Notification 75/2021 dated 25th June,21)

Time Limit for linkage of Aadhar with PAN u/s 139AA has been extended from 30th June, 2021 to 3th September, 2021. (Notification 74/ 2021 dated 25th June,21)

Family members of Taxpayer, who has lost life due to COVID-19 have received financial help from Employer and well wishers of Taxpayer. Exemption under Income tax will be provided to such receipt from employers without any limit and upto Rs. 10 lakhs from any other person in the FY 19-20 and subsequent years. Notification will …

Family members of Taxpayer, who has lost life due to COVID-19 have received financial help from Employer and wellwishers of Taxpayer.(26.06.2021) Read More »

Exemption under Income Tax will be provided to Taxpayers for the financial help received from Employers and well wishers for meeting expenses incurred for treatment of COVID-19 in the FY 19-20 and subsequent years. Notification will be issued.

Govt notifies change in location of Debts Recovery Tribunal, Pune. [MCA Notification No. S.O. 2488(E), Dated: 23.06.2021]

MCA extends time for passing ordinary / special resolutions by companies by holding EGMs through video conferencing (VC) or other audio visual means (OAVM) till 31.12.2021. [Circular No. 10/2021 dated 23rd June 2021]

Panel of State Ministers examines casino and online game services for GST purpose to look into the services by casino, online betting platforms and race courses including valuation matter and whether there is a need to change the existing legislative provisions.

Finance Minister asks Infosys to solve problems faced in e-filing portal without further loss of time.

Department of Revenue has issued clarification on Applicability of Central Excise exemption on Ethanol/ Methanol blended Petrol, and High-speed diesel blended with bio-diesel, when blending is done within the refinery. [Circular No. 1078/02/2021 – CX dtd 22nd June 2021]

Any post office shall not allow investment through withdrawal form (SB-7) under SAS / MPKBY Agency System in different National Savings Schemes. [ SB Order No. 10/2021 dtd 15th June 2021]

BIC clarifies on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance. [Circular no. 156/12/2021-GST Dated 21st June, 2021]

All complaints filed with MahaRERA shall be heard & decided on merits by the respective single benches of MahaRERA or the Adjudicating Officer as the case may be as per the seniority of the complaint which shall be decided as per the date of filing / registration of the complaint before MahaRERA except in the …

All complaints filed with MahaRERA shall be heard & decided on merits by the respective single benches of MahaRERA.(22.06.2021) Read More »

Services engaged in industry of defence establishments to remain public utility service till 24.06.2021. [Notification of Ministry of Labour & Employment dtd 21st June, 2021]