opbcoadmin – O.P. Bagla & Co. LLP

10FebFebruary 16, 2021

Union Budget 2021

Attached is our presentation on the Union Budget 2021. We hope you will find it useful. Please reach out to us in case of any query regarding the same.

Extended due dates for Compliance under Income Tax Act

This is for your knowledge that amid #Covid-19 the due dates for Compliances under the Income #Tax Act has been extended. A short summary for the same is attached herewith.

TCS on Sale of Goods

The Finance Act, 2020 has introduced the new section 206C(1H) of the Income Tax Act, 1961 for Tax Collected at Source on sale of goods.

Presentation on E-Assessment/Faceless Assessment scheme 2020

Faceless Assessment Scheme, 2020 was notified on 13.08.2020 wherein the Scheme was made applicable with immediate effect. Henceforth, all assessment orders w.e.f. 13.08.2020 (Subject to a few exceptions) shall be passed by National E Assessment Centre through Faceless Assessment Scheme, 2020.

A brief Presentation on the same containing its Features, Benefits, Complexities, Procedure etc. is given below.

Comparative Compliances under income Tax Act

“To provide further relief to the taxpayers, the #Government has issued Notification No. 35/2020 dated June,24 2020 amending The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, #2020, thereby extending due dates under various provisions of Income Tax Act. Details are given below for your reference. We hope you will find the same useful and comply accordingly.”

Read More Detail: https://adobe.ly/2ZjwgTq

16Jun

By opbcoadmin

SEBI notification

All listed entities are required to disclose the impact of #Covid-19 on their financial statements in their results. Detailed disclosures are also required in notes. The auditor is also required to comment on the same in his audit report. In the attached file, we have compiled disclosures made by various companies in this regard. Hope you will find it useful.
Read More: https://adobe.ly/2XNViup