Tax Update

  • January 4, 2019
  • CA Chandan Agarwal's Office
CA Chandan Agarwal
CA Chandan Agarwal
1) Merger of PSU Bank: Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda.
2) GST Late Fees waiver has now been implemented on GSTN Portal. Now you can file GSTR-1, GSTR-3B & GSTR-4 from July 17 to Sep 18 without paying any late fee.However late fees shall be levied as per law for the returns pertaining to the period Oct 18 and onwards.
3) CBDT has issued Circular No. 1/2019 for TDS from salaries explaining the obligation of employers with regard to deduction of tax at source from salaries u/s 192:
https://www.incometaxindia.gov.in/Pages/communications/circulars.aspx
4) Due date for filing FCRA Return for FY 2017-18 extended to 31 March: https://fcraonline.nic.in/home/PDF_Doc/fc_notice_29122018.pdf
5) RS 2000: Two years after its launch, India stops printing new Rs 2,000 notes:https://google.com/newsstand/s/CBIw9PrbxT4
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