Dhadda & Associates

Dhadda & Associates is now on WhatsApp.

CBDT to validate UDIN generated from ICAI portal at the time of upload of reports/certificates issued under Income Tax Act.

GST/Income Tax Update:

In a further move of greater transparency and ease of availability of information, now CBDT had updated 26AS information to reflect GSTR 3B return details from FY 2019-20.

Now very easily Income Tax Department can trace GST turnover of asesseees.

Wishing you a Happy Diwali full of Peace, Joy, and Prosperity.
From Team CPS!!

New Facility on Income Tax portal !!

Wishing you all an auspicious Durga Ashtami and Ram Navmi from Team CPS !!

Enjoy festivals safely.

Wishing all a Very Happy and Blessed Navratri Festival from Team CPS. May Maa Durga bestow her 9 forms of blessings for you and your family: Fame, Name, Wealth, Prosperity, Happiness, Education, Health, Power and Commitment.

GST Update!!

Due Date for furnishing Annual Return in GSTR-9 and GSTR-9C Extended.

RBI Update!!
A Major update came from the Reserve Bank of India (RBI) on September 14, 2020 that banks must fully automate the classification of borrower's account as NPA and the calculation of provisions to be made against these advances.

In order to ensure the completeness and integrity of the automated Asset Classification (classification of advances/ investments as NPA/NPI and their upgradation), Provisioning calculation, and Income Recognition processes (IRAC), banks are advised to put in place/upgrade their systems to conform latest by June 30, 2021.

Reserve Bank of India - Notifications The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks

Due Date Extension!!
A major relief has been granted by MCA by way of granting extension of 3 months for holding annual general meeting for companies. The Companies having AGM due date 30.09.2020 will now be conducted on 31.12.2020.

On this Teachers Day let us take a moment and thank all our teachers for their efforts and dedication to shape the future of our country.

Due Dates under GST!!

MCA update on Directors Report !!

GST Updates!!

GST Update!!

GST Update!!

As per notification no. 62/2020- Central Tax dated August 20, 2020, Aadhar authentication has now been made mandatory for GST Registration. These changes are effective for all applications made with effect from August 21, 2020.

May Lord Ganesha remove all our worries and bless us with love and never ending happiness.

Happy Ganesh Chaturthi..!!
From Team CPS

Annual General Meeting Extension!!

Clarification given by MCA on extension of AGM for Financial Year ended on 31 March, 2020

Wishing you all a very Happy 74th Independence Day.

Greetings on the occasion of Krishna Janmashtami!!

New Functionalities made available on GST portal.

Important Update!!
The facility to view, file and download returns of period july 2017 has been restored on GST portal

Due Date Reminder

Best wishes and Greetings to everyone
Happy Rakshabandhan!!

In view of the constraints due to Covid pandemic and to further ease compliance, SEBI extended the deadline for submission of financial results for quarter, half year, financial year ended 30 June 2020 to September 15, 2020.

In view of the constraints due to Covid pandemic and to further ease compliance for taxpayers, CBDT extended the due date for filing of Income Tax Returns for FY 2018-29 (AY 2019-20) from July 31, 2020 to September 31, 2020.

The Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment Rules, 2020 on 24 June, 2020. Definition of "Material" is amended in Ind AS 1 & Ind AS 8, which is applicable from April 1, 2020 prospectively.

FLA Return is Annual return which is required to be submitted mandatorily by all the India resident companies which have received FDI and/ or made Overseas Investment abroad in any of the previous year(s), including current year.

With effect from 1st April 2019, all Composition Taxpayers are required to file form GSTR-4 on annual basis, for each financial year. Due date for FY 2019-20 has been extended to 31 August, 2020.
Process to File - Login to your dashboard, click on Services > Returns > Annual Return >Select FY>GSTR-4> File the Return.