Due to the corona virus pandemic, the government had extended the various due dates for giving relaxations to the taxpayers. In this context, the government has extended the due date for filing of the income tax return for the financial year 2018-19 (2019-20) to 30th September 2020 via notification no. 56/2020 dated 29.07.2020. It should be noted that the due date to file Income Tax Return (ITR) for the FY 2019-20 (AY 2020-21) has been extended to November 30, 2020. Also, the date for making an investment, construction, purchase for claiming rollover benefit, deduction in respect of capital gains under sections 54 to 54GB of the Income Tax Act has also been further extended to September 30, 2020. Relaxations that
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What are the top 5 mistakes that you must avoid while filing your ITR
1. Selecting the wrong ITR Form 2. Not Disclosing All Sources Of Income 3. Mismatch in Form 26AS Details and Other TDS certificates 4. Not Claiming deductions correctly 5. Not filing ITR on Time Don’t worry about the mistakes, we will help you and take care of your proper return filing or your Tax Refund related queries. Feel free to contact us at: www.classicassociate.com | support@classicassociate.com | 93444 17156 #ClassicAssociates #Tuticorin #Thoothukudi #Taxnews #AY20192020 #TDSDueDates #ITRfiling #ITR #Returnfiling #taxrefund #taxtips #tax #taxaudit #marketing #business #incometaxseason #incometax #finance #duedate #startups #employee #employed #charteredaccountant #ca #incometaxupdate #incometaxreturn #taxupdate #taxreturn #taxfiling #taxsaving GST Registration Consultants in Tuticorin | GST Registration Consultants in Tuticorin HO, Thoothukudi | GST Registration in Tuticorin Tamil Nadu | GST Tax Registration | GST Registration services Tuticorin |GST Registration services in Tuticorin | How to get your GST Registration in Tuticorin | How to get your ITR
Read MoreIncome Tax Returns ITR service in Tuticorin, Thoothukudi | ITR Filing Date is extended till July 2020 end !
The clock is ticking now !!!!! Greetings from Classic Associates, #Tuticorin ! Get Your ITR filed for year 2018-19 (A.Y 2019-20) within the extended due date of 31st July 2020 at nominal rates.Also contact us for filing your ITR of year 2019-20 (A.Y 2020-2021) to get relief from the haphazard on due dates. We are hearing ! Contact us at the below options: www.classicassociate.com | support@classicassociate.com | 93444 17156 ———————————————————————————– #ClassicAssociates #Tuticorin #Thoothukudi #Taxnews #AY20192020 #TDSDueDates #ITRfiling #ITR #Returnfiling #taxrefund #taxtips #tax #taxaudit #marketing #business #incometaxseason #incometax #finance #returnfiling #duedate #startups #employee #employed #charteredaccountant #ca #incometaxupdate #incometaxreturn #taxupdate #taxreturn #taxfiling #taxsaving
Read MoreHow to get Income Tax Benefits (ITR) and tips – Classic Associates, Tuticorin
Greetings from Classic Associates #Tuticorin Income Tax Returns #ITR service in #Tuticorin One-Time Relaxation for *Verification of ITR* for AY 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20. Pending for Submission of #ITR-V 1) CBDT through circular no. 3/2020 dated 13th July 2020 given one time opportunity to taxpayers whose Income Tax Return’s was filed online but verification was pending. 2) Now any taxpayer whose ITR is pending for verification can verify their ITR on or before 30th September 2020. 3) ITR for FY 2014-15 to FY 2018-19 can be verified through this one time relaxation scheme 4) All such verified ITRs shall be processed on or before 31 December 2020. 5) ITRs can be verified through EVC or by sending duly
Read MoreBig relief to GST taxpayers (IT) | Late fee on GST returns capped till July to Rs 500
Big relief to GST taxpayers (IT) | Late fee on GST returns capped till July to Rs 500 In a major relief to GST taxpayers (IT), the Central Government has decided to cap the maximum late fee for Form GSTR-3B at Rs 500 per return for the tax period July 2017 to July 2020. The reduced fee will be levied only if returns are filed before September 30, 2020, the Central Board of Indirect taxes and Customs (CBIC) said last week (03-Jul-2020) Contact Us (93444 17156) for FREE consultation How to get your GST for your company in Tuticorin, Thoothukudi – Call us at 93444 17156 | Apply for GST online in Tuticorin, Thoothukudi | Get your GST in Tuticorin
Read MoreCentral Government further extends tax(IT) compliance deadlines – Check for new updated dates !
The Central Government last Wednesday provided further relief to taxpayers by extending statutory and regulatory compliance deadlines, which were set to expire by June-end. Extensions ranging between one month and three months have been granted on filing income tax returns, filing audit reports, making investments in savings instruments under income tax, issuing of Form 16 by companies to employers besides issuing notices or orders by authorities under various direct taxes and Benami Law. Deadline for linking PAN with Aadhaar has also been extended by three months. Returns of income required to be filed by July 31, and October 31, can be filed to November 30, since due date for IT return for the FY 2019-20 or assessment year 2020-21 has
Read MoreWhat’s exactly stopping you to grow your business?
All our service will help you to keep track of all the figures in your accounts, Wealth creation, Asset Management, Timely Tax filing and much more. Our team of expert accountant will record and evaluate your financial statements concerning your business and give you and overall picture of the business growth. DM your personal number and our expert contact you or you can get in touch with us: www.classicassociate.com | support@classicassociate.com | 93444 17156 #auditing #charteredaccountant #auditors #tuticorin #thoothukudi #gst #bookkeeping #itreturns
Read MoreCOVID19 News: Govt to give income tax refunds upto 5Lakhs
The Income Tax Dept, on its official Twitter handle, announced that it will issue all pending income tax refunds up to Rs 5 lakhs immediately to individuals and business entities. The decision has come due to the corona-virus lock-down in the country. According to press note of the department, this decision would benefit around 14 lakhs taxpayers. The decision will come as relief for individuals who are facing cash crunch due to pay cuts or job loss or waiting for their salaries or wages to be released by their employers. According to the announcement made, “In context of COVID-19 situation and to grant immediate relief to taxpayers, GOI has decided to issue all pending income tax refunds up
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