Table of Contents
Income Tax Services
Income tax accounts for the tax which is imposed on individuals by the government whereby an individual is required to file income tax every year to determine their tax obligations. It reduces the amount that business owners and individuals are allowed to keep.
Income Tax Services in Delhi
Effective tax planning strategies can reduce the tax incidences and be assisted by the professionals you can gain insight into further basics of income tax and how efficient management of it can save you from being penalized. These taxes are calculated annually according to the Income Tax guidelines.
Income Tax Services in India
This cycle is applicable from 1st April to 31st March the next year. Income tax is collected in 3 ways by the government – Voluntary Tax payment, Tax Deducted at Source (TDS) which gets deducted before the salary reception, and TCS(Tax Collected at Source). The professionals Like CA Rajput help in maximizing your financial worth by providing core income tax services to our clients.
Income Tax Services - Tax Planning and Transactions
We help you in identifying the concrete structures for tax planning and transactions, filing of the tax returns with the authorities, representation of tax before the authorities, counselling regarding effective management of documentation and records, advice regarding DTAA policies, Expatriate Tax advice, and undergoing a proper analysis of an organization’s tax structure for concluding the potential of applicability of withholding the tax provisions, compliance with issue form16 s and formulation of effective transfer pricing strategy. Our specialists and professionals work closely with you to ascertain that the tax-saving advantages are utilized completely for preserving your wealth.
EXTENSION OF DUE DATE OF FURNISHING OF INCOME TAX RETURNS AND AUDIT REPORTS FOR AY 2020-21 |
|
A.Y |
Particulars |
Original Due date |
Previously extended date |
Revised extended date |
|
2020-21 |
Income tax Return of 'Company' Assessee |
31st October 2020 |
30th November 2020 |
31st January 2021 |
|
2020-21 |
Income tax Return of 'Company' Assessee (Where TP Audit is applicable in case of international and specified domestic transactions) |
31st October 2020 |
30th November 2020 |
31st January 2021 |
|
2020-21 |
Income tax Return of a person other than the company (where the audit is mandatory under Section 44AB of the Act) |
31st October 2020 |
30th November 2020 |
31st January 2021 |
|
2020-21 |
Income tax Return (Remaining cases) – Individual, HUF, LLP, Partnership Firm etc. |
31st July 2020 |
30th November 2020 |
31st December 2020 |
|
2020-21 |
Tax Audit report under section 44AB of Income Tax Act |
30th September, 2020 |
31st October, 2020 |
31st December, 2020 |
|
2020-21 |
Audit report in respect of International Transactions/ Specified domestic transactions under Section 92E of the Act |
30th November 2020 |
30th November 2020 |
31st December 2020 |
|
2020-21 |
Belated/ Revised return of Income of AY 2019-20 (FY 2018-19) |
31st March 2020 |
30th September 2020 |
30th November 2020 |
|
Note: The due date for payment of self-assessment tax for the taxpayers whose self-assessment tax liability is up to Rs. 1 lakh, for the purpose of calculation of interest u/s 234A, has been extended to the revised due dates as per the table above. Hence, interest under section 234A shall not be levied if the self-assessment tax liability is up to 1 lakh and ITR is filed within the extended due date |
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Rajput Jain & Associates
