KMS Newsletter June 2021

KMS Newsletter June 2021

Direct Tax:

  • Extended Due Dates For Various Compliances
  • Notification Regarding Extension Of Various Time Limit
  • Extension In Time Limit Of Direct Tax Vivad Se Vishwas Scheme
  • Relaxation In Electronic Filing Of Form 15CA &15CB
  • Compliance Check Functionality For Higher Rate Of TDS And TCS
  • Tax Exemption For Expenditure On Covid Treatment & Ex-Gratia On Death
  • Guidelines Under Section 194Q Of The Income Tax Act,1961
  • Notification Of Cost Inflation Index For Financial Year 2021-22

Company Law:

  • Relaxation On Levy Of Additional Fees – Extension Of Time
  • Extension In Time For Passing Ordinary Or Special Resolutions On Account Of Covid
  • Restriction On Dealing Certain Items Through Vc Or Other A/V Means Is Omitted
  • Companies (Indian Accounting Standards) Amendment Rules, 2021

Indirect Tax:

  • Relaxations In GST Rates For Covid-19 Relief Material
  • Clarifications Vide Various Circulars
  • Waiver Of Penalty For Noncompliance With The Provisions Of QR Code
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