les_developer, Author at MKRK & Co Chartered Accountants

29 Jun 2021

Covid-19 Tax Exemptions

CBDT announces Covid-19 tax exemptions. These exemptions are for expenditure on Covid-19 treatment and ex-gratia received on death due to Covid-19. Covid-19 Tax Exemptions on the amount received for medical treatment: Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of Covid-19. In order to ensure […]

29 Jun 2021

Relaxation To The Taxpayers

The Government has extended the following due dates to provide certain relaxation to the taxpayers: The TDS return for FY 2020-21 Q4, as extended to 30th June 2021 vide Circular No.9 of 2021, may be furnished on or before 15th July 2021. The application under12AB, 80G and other sections for registration/ provisional registration/ intimation/ approval/ […]

09 Jun 2021

Waiver of interest and late fee for normal taxpayers and composition taxpayers

Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. Nos. 18/2021 & 19/2021, both dtd. 1st […]