Till December 28, 2020, the number of tax returns for fiscal 2019–20 filed by companies have gone up, while those filed

Author : sheikhmujib101
Publish Date : 2021-03-25 22:44:36


Till December 28, 2020, the number of tax returns for fiscal 2019–20 filed by companies have gone up, while those filed

Coronavirus India Live Updates: Maharashtra government extends lockdown restrictions till Jan 31
Coronavirus India Live News Updates: India, meanwhile, extended a temporary ban on UK-India flights till January 7, after which “strict-regulated” resumption will take place.
Coronavirus India Live Updates: The United Kingdom on Wednesday approved the Oxford-AstraZeneca Covid-19 vaccine, even as it battles a major winter surge in cases driven by a new, highly contagious variant of coronavirus.

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“The government has today accepted the recommendation from the Medicines and Healthcare products Regulatory Agency (MHRA) to authorise Oxford University/AstraZeneca’s COVID-19 vaccine for use,” the health ministry said, Reuters reported.

India, meanwhile, extended a temporary ban on UK-India flights till January 7, after which “strict-regulated” resumption will take place. The Civil Aviation Ministry had suspended all flights between UK and India from December 23 to December 31 over the detection of a mutated variant of coronavirus.

India has recorded 14 fresh cases of new coronavirus mutant strain first reported in the United Kingdom in September, taking the total number of cases to 20, news agency PTI reported. The tally includes six people who were found positive for the new virus strain on Tuesday.

On Wednesday, India reported 20,550 new Covid-19 cases, taking the total tally to 1,02,44,853, according to data from the Union Health Ministry. With 286 deaths in the past 24 hours, the overall death toll rose to 1,48,439. While there are 2,62,272 active cases in the country, as many as 98,34,141 people have recovered from the disease.

Explained |The mutation of viruses, and the coronavirus mutant in the UK
Meanwhile, the country’s top government medical experts Tuesday reassured that vaccines developed against the novel coronavirus would remain effective despite the emergence of the new, more contagious strain in the United Kingdom. However, they cautioned that injudicious use of unproven therapies against Covid-19 puts “immune pressure” on the virus, which can lead to mutations.

Income tax return filing due date: Will Nirmala Sitharaman extend ITR last date/deadline for tax payers?
Income tax return filing due date: Will Union Finance Minister Nirmala Sitharaman extend Income Tax Return (ITR) filing last date for tax payers?

Income tax return filing due date: Will Union Finance Minister Nirmala Sitharaman extend Income Tax Return (ITR) filing last date for tax payers? Direct tax professionals have sought extension for tax audit report, income tax returns for audit cases and time limit for AGMs in the wake of the ongoing pandemic scenario. The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28 and the due date of filing of income tax returns of assessment year 2020–21 in audit cases to March, 31, 2021.
Due to the corona pandemic normalcy in operations is yet to set in. Even many professionals as well as their staff have suffered infection from COVID-19. Therefore, there is need for extension of dates for furnishing tax audit reports and ITRs, DTPA president N K Goyal said in their recent submission to the government, as per a report in PTI.

“Out of 5.25 crore assessees some 3.75 crore, including individuals have already filed returns. The remaining are mostly firms and corporates where tax audit is required and there is a demand for extension, DTPA chairman (PR and representation committee) Narayan Jain had said. The individual ITR deadline is December 31, he said, as per the report.

Vivad se Vishwas

The professionals body also sought for extension of date for filing declaration under Vivad se Vishwas (VSV) scheme from December 31, 2020 to February 28, 2021. The government had introduced the VSV scheme to settle tax dispute cases of taxpayers in the pandemic period.

AGMs

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— Ministry of Education () December 26, 2020

Few weeks ago, it was announced by the Central Board of Secondary Education (CBSE) that CBSE Class 10, 12 Board Exams 2021 will not be held in January or February. The CBSE had also announced that Class 10, 12 Board exams will be conducted in offline mode and not as online examinations.

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Till December 28, 2020, the number of tax returns for fiscal 2019–20 filed by companies have gone up, while those filed by individuals have dropped, possibly indicating a drop in income.

The due date has been extended from July 31 and October 31, 2020, respectively in view of the COVID-19 pandemic. At the close of deadline for filing ITR without payment of late fees for fiscal 2018–19 (assessment year 2019–20), over 5.65 crore returns were filed by taxpayers. The deadline last year was extended till August 31, 2019.
CBSE Class 10, 12 Board Exams 2021 dates, time, syllabus, admit cards: Latest updates
Union Education Minister Pokhriyal recently took to Twitter to declare that he will announce the dates for CBSE Board Exams 2021 on December 31.
Amid rising speculations over CBSE Class 10, 12 Board Exams 2021 dates, Union Education Minister Ramesh Pokhriyal recently took to Twitter to declare that he will announce the dates for CBSE Class 10, 12 Board Exams 2021 on December 31 at 6:00 PM.

“I will announce the date when the exams will commence for students appearing for CBSE board exams in 2021 on 6 pm on December 31,” tweeted Pokhriyal.

Attention Students & Parents!

The professionals body also sought for extension of date for filing declaration under Vivad se Vishwas (VSV) scheme from December 31, 2020 to February 28, 2021. The government had introduced the VSV scheme to settle tax dispute cases of taxpayers in the pandemic period.

AGMs

— Ministry of Education () December 26, 2020

Few weeks ago, it was announced by the Central Board of Secondary Education (CBSE) that CBSE Class 10, 12 Board Exams 2021 will not be held in January or February. The CBSE had also announced that Class 10, 12 Board exams will be conducted in offline mode and not as online examinations.

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Till December 28, 2020, the number of tax returns for fiscal 2019–20 filed by companies have gone up, while those filed by individuals have dropped, possibly indicating a drop in income.

The due date has been extended from July 31 and October 31, 2020, respectively in view of the COVID-19 pandemic. At the close of deadline for filing ITR without payment of late fees for fiscal 2018–19 (assessment year 2019–20), over 5.65 crore returns were filed by taxpayers. The deadline last year was extended till August 31, 2019.



Category : general

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