Instant PAN allotment is a reality
April 16, 2021 14:01
Information: Courtesy, Dr Raj Chawla (CA):
1. CBDT has made instant PAN allotment in near to real time available at free of cost. Individuals (other than minors) with a valid Aadhaar number (with updated mobile number) can avail the PAN allotment facility.
2. Income Tax : For indexation of cost, effective date is date of allotment of property. Case Name : L. Vivekananda M/s. Vivek Hotels Vs ACIT (ITAT Bangalore).
3. Indirect tax collections up by 12% in FY 2020-21; GST down by 8% amid Covid-19.
GSTN: Clarification on reporting 4-digit/6-digit HSNs.
GSTN: New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme.
GSTN: Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme.
4. MCA due date for DIN KYC is 30/09/2021, kindly get all KYC done in time, failing which there will be late fees of Rs 5000.