SAG Infotech: Need Tax Software (Call 0141-4072000)

If you are seeking to file an ITR for FY 2019-20 then it is easy. It takes only 15 minutes to file the income tax return. You are not required to opt for CA for furnishing the ITR. in this session we are suggesting to you how to file an ITR in lesser time. Let's file your ITR filing via Gen IT Software free download quickly and accurately in just 15 minutes. Below Are The Required Credentials For Filing ITR PAN Card Aadhaar Card Bank Account Number Investment information and all necessary certificates Form 16 Form 26 A.S. Select Your Form You should have to classify yourself that in which category of assessee you exist and the type of ITR form required to furnish. For instance, the person whose income is up to Rs 50 lakh then they are the citizens of ITR1 'Sahaj' forms . Their income comes from salary, house, and other sources such as interest. There Are 2 Methods to Furnish ITR E-filing By Downloading the ITR form, furnishing the form offline, and uploading the XML file. ...

The date of filing the tax audit report and Income tax return for the financial assessment year 2020-21 has been extended by CBDT. The amendment in dates is being listed in the table below. Compliance Nature Financial Year Actual Due Date Last Extension of Due Date Current Due Date Belated Income Tax Return 2018-19 31st March 2020 30th September 2020 30th November 2020 Revised Income Tax Return 2018-19 31st March 2020 30th September 2020 30th November 2020 Return of Income (In case of TP Audit) 2019-20 30th November 2020 - 31st January 2021 Return of Income (Company Assessee) 2019-20 31st October 2020 30th November 2020 31st January 2021 Income Tax Return Where Audit is Compulsory 2019-20 31st October 2020 30th November 2020 31st January 2021 Return of Income (In case of a Partner in a firm whose audit is mandatory) 2019-20 31st October 2020 30th November 2020 31st January 2021 Income Tax Return (In Any other case) 2019-20 31st July 2020 30th November 2020 31st December 2020 Filing ...

Two important notifications mandating GST compliance have been released recently by the Central Board of Indirect Taxes and Customs (CBIC).  First, In case of turnover of more than Rs 5 crore for taxpayers, the notification related to e-way bill generation facilities will fail to file their GSTR-3B return form , for a consecutive period of two months or more, from 15 will be implemented. October 2020.  If a taxpayer having turnover over ₹ 5 crores and fails to file their GSTR-3B returns for a consecutive period of two months or more, the notification related to E-way bill generation facilities will be restricted. This notification will come into action from 15 October 15, 2020.  Rule 138 E (b) of the CGST Rules, 2017 also states that a person's E-Bill generation facility will be restricted if the person fails to file GSTR-3B returns continuously for two months or more. In the previous meeting, the GST Council meeting has decided that this provision will be applicable for...

November 30, 2020, is the last date of filing the income tax returns for FY 19-20 (AY20-21). To the Income Tax Department, the taxpayers describe the particulars of the obtained income and the other tax returns on it in a fiscal year through the means of ITR. According to the laws and rules, the particular taxpayer and residents along with non-residents are divided into 3 categories: those below 60 years of age, senior citizens (60-80 years) and super senior citizens (above 80 years) An individual whose income is more than Rs 2.5 lakh or more possesses compulsory to return ITR. There is a limit of Rs 3 lakh  For senior citizens (people between 60 years and 80 years of age), and a limit is Rs 5 lakh for many senior citizens (aged above 80 years). There are different income tax rates slabs for every type of taxpayer. As of now, there are 2 tax schemes on the tax platform. From the Fiscal year 2020-21 the after the announcement of budget 2020 a new tax scheme providing assessee with ...

Good and service tax was introduced on July 1st, 2017 across India. It has various slabs and eligibility criteria and to file Tax or commonly known as GST Return, GST return is basically a document having statement(s) of income that the taxpayer has to submit to the tax administration authorities. However, filing of GST or GST returns requires proper sales and purchase invoices. Based on the same, tax authorities calculate the tax applicability. The GST return filing system clarified that the registered user has to file GST return which includes purchase, sale, output GST (applicable to sales), input tax credit (GST paid on purchase). Who Has to File a GST Return? From startup to big enterprises, all businesses having GST registration will have to file GST returns on a monthly, quarterly, and/or annual basis according to the type of business. Under the GST returns, all the taxpayers, running their firms and businesses across India, whether interstate or interstate, have to file GST ret...

For the month of September 2020 the article describes the Yearly Compliance needs beneath the Companies Act, 2013 includes compiles Compliance Essentials below Companies Act, 2013. The clause defines the Expected date and context of the file of form AOC-4  and AOC-4 CFS (in case of consolidated Financial Statements), ADT-1, MGT-7, MGT-14, CRA-4,   INC-20A,  BEN-1, BEN-2, Active Form INC-22A, DIR 3 KYC (Annually web-based) , PAS-6, NFRA-2. Annual Compliance needed under the Companies Act, 2013 E-Form Purpose of E-form Due Date of Filing  ADT-1 Approval of Auditor 15 days from the conclusion of AGM AOC-4 and AOC-4 CFS (in case of consolidated financial statements) Filing of Annual Accounts 30 days as of the building of AGM(180 days from the close of the fiscal year in case of OPC) MGT- 7 Form Filing of yearly returns 60 days from the reporting of AGM MGT-14 Filing the resolution with MCA in the context of board results and yearly accounts 30 days from the date ...

The government has decided to stay with the current GST (Goods and Services Tax) return filing system for the present. Earlier the Government was planning to bring a new GST return filing system along with forms ANX-1, ANX-2, RET-1 and RET-2 but now it has been put on hold until the new update. Government chose to introduce advanced features to the old system instead of launching the new return filing system. Some Decisions That are Taken in 39th GST Council Meeting To prevent tax evasion, Govt. has decided to link the outward supply details in form GSTR 1 with liability in form GSTR 3B . The input tax credit in form GSTR 3B will then be linked to the details of supply shown in form GSTR 2A. There will also be initiatives to implement Aadhaar authentication and spike rules, to reduce evasion and prevent gaming of the system. A measure to deal with the issue related to ITC was also recommended to the Council of the introduction of Auto-Draft Input Tax Credit statement which wi...