Tax

Annual Aggregate Turnover Computation Methodology

For Normal Taxpayers who have filed all GSTR-3Bs:

Turnover reported in GSTR-3B Column 2 of Table 3.1 { (a),(b),(c) & (e)} during the Financial Year 2020-21 have been taken into consideration (in case all the returns have been filed for the same).

  1. Outwardtaxable supplies(other than zerorated, nil rated and exempted).
  2. Outwardtaxable supplies(zero rated).
  3. Other outward supplies (nil rated, exempted).
  4. Non-GST outward supplies.

For Normal Taxpayers who have not filed all GSTR-3Bs:

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CBDT issues Notification on Extension of time limits under the Income Tax Act, 1961 and related Acts, for further details and Corrigendum

incometaxindiaefiling

The Income Tax Department is a government agency undertaking direct tax collection of the Government of India. It functions under the Department of Revenue of the Ministry of Finance.

ITR filing deadline for FY 2019-20 extended to Nov 30, Form 16 to be received by June 30

ITR filing deadline for FY 2019-20 extended to Nov 30, Form 16 to be received by June 30

The government, on May 13, 2020, announced the extension of the income tax return (ITR) filing deadline for FY 2019-20 to November 30, 2020 from July 31, 2020. The extension has come after the government, in March, extended various income tax-related deadlines for individuals to June 30, 2020 via an ordinance dated March 31, 2020.

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