The due date for ITR filing for salaried taxpayers extended

1. Due date for ITR filing for salaried taxpayers extended from 31st July to 30th September 2021 this year. Form 16 employer is required to issue to employees before 15th July. Your taxable income may be more or lesser than that in Form 16 provided you have documentary proofs against your claims.

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2. Wef 01.07.2021, higher TDS /TCS for those who do not file ITR of AY 20-21 & 21-22 by due date & whose TDS/TCS was 50,000 or more in both FY 19-20 & 20-21.

3. File GSTR-3B of May 2021 with cumulative adjustment of ITC of April-May 2021 as Rule 36(4) to apply cumulatively. Notification 13/2021 CT of 1.5.21.

4. GST Further extended the facility of accepting undertaking in lieu of bond till June 30, 2021, to facilitate the trade during the COVID-19 pandemic.

New CBDT rules for Income tax

5. 3. Central Board of Indirect Taxes and Customs has directed its offices to not send show-cause notices for service tax defaults, merely on the basis of discrepancies between income tax returns and service tax amount. Various tax-related associations have complained to the Union finance ministry that SCNs were wrongly sent for the financial year 2015-16.