Compliance Calendar and Due Dates for various income tax and GST returns to be filed during the month of October 2020
Many GST compliance deadlines ended to 31st August, 2020. To avoid late fees and penalties, these due dates need to be remembered and file the returns. Let's see which deadline ends on 31st of August, 2020.
If the turnover exceeds the threshold limit mentioned in the GST Act, then the person is mandatory to take GST registration. In some cases, people are mandatory to take GST registration like in case of the interstate supply of goods, reverse charge, selling on e-commerce portal, etc.
PM Narendra Modi launches a platform for Transparent Taxation to Honor the Honest
As per section 139(4) of Income Tax Act, a belated return can be filed before the expiry of one year from the end of relevant assessment year or before the completion of assessment whichever is earlier.
Save the dates, know the compliances to be met by this month, August 2020.
Many taxpayers are not aware the provision of the income tax act on how to save the tax on the sale of residential property. They earn profits on the sale of residential property and pay the taxes. They can save the tax.
From 1st August, 2020 some rules are getting change. The changes may affect our life. The new rule will be implemented after replacing old one.
Due to the coronavirus pandemic, the government had extended the various due dates for giving relaxations to the taxpayers.
Due to COVID-19 pandemic and challenges faced by taxpayers, the government has extended dates for various compliance in direct taxes.