B J S And Associates

Month: June 2020

Recent updates on Income Tax & GST for the month of June 2020

Changes in Form 26AS Change in sectionEarlier Form 26AS was issued under Section 203AA r.w. rule 31AB. Now 26AS will be issued under section 285BB r.w. rule 114I. Change in NameEarlier name was “Annual Tax statement” and now the name is “Annual Information statement” Information reflectedIn addition to the information of TDS/TCS of the assessee, […]

Fresh start for defaulting company / LLP

Fresh start for defaulting company / LLP

There is good news and golden opportunity for all Companies and LLPs to file all pending forms, Returns, Annual Accounts, statements including all pending Annual Returns pending for any number of years without additional fees or penalty or prosecution 1. Companies Fresh Strat Scheme, 2020 & LLP Settlement Scheme, 2020http://www.mca.gov.in/Ministry/pdf/Circular12_30032020.pdf – Companyhttp://www.mca.gov.in/Ministry/pdf/Circular13_30032020.pdf – LLP 2. MCA NEWS & IMPORTANT […]

Secretarial compliance

Secretarial compliance

1.     Form DPT-3 (Return of deposits or particulars of transaction not considered as deposit)2.     MSME Form I (Half yearly return on outstanding dues to micro or small enterprises suppliers)3.     Form DIR-3 KYC / DIR-3 KYC WEB (DIN KYC) Please note that due to COVID-19, Late filing fees will not be charged on these forms between 1st April, 2020 to 30th September 2020.  1. Form DPT-3: Return […]

Guide to registering your company as MSME

Guide to registering your company as MSME

Many benefits are given by Government to MSME. There are 6.3 crore MSME however only 1.3 crore are registered. Therefore, to enable smooth and quick MSME registration Step by step process to register as MSME in easy manner with the help of screen shot is given below. It also provides Checklist of details required to […]

Advantages of registering your company for the MSME Scheme

Advantages of registering your company for the MSME Scheme

Union Budget 2020 India: India watched with bated breath as Finance Minister Nirmala Sitharaman unveiled the budget for the year 2020-21 on February 1st 2020. “This is the Budget to boost the income of people of India and enhance their purchasing power”, she affirmed. After a year of economic slowdown, this budget is focused on […]

Due dates for various tax compliances for the month of June-2020 (with COVID19 relief)

Due dates for various tax compliances for the month of June-2020 (with COVID19 relief)

Due dates for various tax compliances in the month of June-2020 Due dates for compliance under Goods & Service Tax (GST) Dues dates for filling GSTR-3B for the months of February to May 2020. T/o in last FY Interest Charged February 20 March 20 April 20 May 2020 Category I: More Than 5 Crores Yes […]