The financial year 2019-20 was closed on March 31 as usual, and the new fiscal year 2020-21 is starting from today. In view of the lockdown to check the spread of the coronavirus, the government has already extended the deadlines for certain statutory compliances for 2019-2020. As the government did not extend the financial year
Chartered Accountant RK Agrawal demystifies Finance Minister Nirmala Sitharaman’s fiscal relief to counter COVID-19. By CA RK Agrawal The outbreak of the coronavirus disease (COVID-19) has turned the whole world upside down. Almost all the countries have been affected by this deadly virus. The COVID -19 has led to havoc in economies. No sector has
“As on date, we have got 6.26 crore assessees. It is a myth that we have 3-4 crore… (These) assessees who have filed returns, paid advance tax or tax have been deducted at source. This is a large jump from earlier years.” New Delhi: Income taxpayer base moved up substantially to 6.26 crore at the
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