Monthly Archives: October 2020

Extension of Various Due Dates

CA in Pune

Central Board of Direct Taxes have extended the due dates for filling of Income Tax Returns on Saturday, 24th October, due to the constraints faced by the taxpayers due to COVID -19 pandemic. Along with the direct taxes filing date the dates for filing annual GST Returns and GST audit for FY 2018-19 has also […]

Procedure of TCS on sale of goods effective from 01-10-2020

TCS on Sale of Goods

Wrong interpretation / understanding / procedure of TCS on Consideration for sale of goods under newly introduced section 206C(1H) effective from 01-Oct- 2020.   Most of the experts / businessmen have adopted following process.   They (Sellers) have modified their billing software to add one more line to add TCS amount in final bill amount […]

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