As per a press release from the Central Board of Direct Taxes on June 24, 2020, no extension has been granted to individuals having self-assessment tax liability of over Rs 1 lakh for FY 2019-20. Further, delayed tax payments would attract penal inte […]

The Central Government of India has approved the extension of government support on EPF contributions (both employer & employee) until August 2020. This will provide immense relief to small & medium businesses severely impacted owing to the C […]

Have you not filed income tax returns for the past three years? Then, per the latest amendment to the scope of Sec 194-N of the Income Tax Act, any cash withdrawal from your savings / current bank account exceeding Rs. 20 lakhs in a financial year wi […]

There have been some key changes in the income-tax compliance requirements made by the Government of India to provide compliance relief for individuals and businesses in the midst of the on-going COVID-19 crisis. […]