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Due dates for the Month of September 2021
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7th
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INCOME TAX – TDS Payment for August. |
10th
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GST – Return of authorities deducting tax at source – GSTR 7 for August. – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for August. |
11th
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GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for August. |
13th
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GST – Return for Input Service Distributor – GSTR 6 for August. |
15th
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Providend Fund – PF Payment for August. ESIC – ESIC Payment for August. |
20th
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GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for August. – Return for Non-Resident foreign taxable person – GSTR 5 for August. |
22nd
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GST – GSTR 3B for August if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli. |
24th
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GST – GSTR 3B for August if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for August. |
30th
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PROF. TAX
– Monthly Return for Tax Liability of Rs. 100,000 & above. INCOME TAX – Due date for filing Tax Audit report. |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
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Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
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Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
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Due dates for the Month of August 2021
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7th
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INCOME TAX – TDS Payment for July. |
10th
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GST – Return of authorities deducting tax at source – GSTR 7 for July. – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for July. |
11th
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GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for July. |
13th
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GST – Return for Input Service Distributor – GSTR 6 for July. |
15th
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Providend Fund – PF Payment for July. ESIC – ESIC Payment for July. |
20th
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GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for July. – Return for Non-Resident foreign taxable person – GSTR 5 for July. |
22nd
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GST – GSTR 3B for July if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli. |
24th
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GST – GSTR 3B for July if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for July. |
31st
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PROF. TAX
– Monthly Return for Tax Liability of Rs. 100,000 & above. |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
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Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
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Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|
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Due dates for the Month of July 2021
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7th
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INCOME TAX – TDS Payment for June. |
10th
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GST – Return of authorities deducting tax at source – GSTR 7 for June. – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for June. |
11th
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GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for June. |
13th
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GST – QuarterlyReturn GSTR 1 for April to June 2021 turnover not exceeding Rs. 1.5 Crore. – Return for Input Service Distributor – GSTR 6 for June. |
15th
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Providend Fund – PF Payment for June. ESIC – ESIC Payment for June. |
20th
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GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for June. – Return for Non-Resident foreign taxable person – GSTR 5 for June. |
22nd
|
GST – GSTR 3B for June if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli. |
24th
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GST – GSTR 3B for June if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for June. |
31st
|
PROF. TAX
– Monthly Return for Tax Liability of Rs. 100,000 & above. INCOME TAX
– TDS / TCS Quarterly Statement (Other than Government Deductor) for April to June
–Due date of Return of income for non audit cases for AY 2021-22. |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
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Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
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Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|
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Due dates for the Month of June 2021
|
7th
|
INCOME TAX – TDS Payment for May. |
10th
|
GST – Return of authorities deducting tax at source – GSTR 7 for May. – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for May. |
11th
|
GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for May. |
13th
|
GST – Return for Input Service Distributor – GSTR 6 for May. |
15th
|
Providend Fund – PF Payment for May. ESIC – ESIC Payment for May. |
20th
|
GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for May. – Return for Non-Resident foreign taxable person – GSTR 5 for May. |
22nd
|
GST – GSTR 3B for May if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli. |
24th
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GST – GSTR 3B for May if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for May. |
30th
|
PROF. TAX
– Monthly Return for Tax Liability of Rs. 100,000 & above. INCOME TAX – TDS Quarterly Statements (Other than Government Deductor) for January to March |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
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Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
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Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|
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Due dates for the Month of May 2021
|
7th
|
INCOME TAX – TDS Payment for April. |
10th
|
GST – Return of authorities deducting tax at source – GSTR 7 for April. – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for April. |
11th
|
GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for April. |
13th
|
GST – Return for Input Service Distributor – GSTR 6 for April. |
15th
|
Providend Fund – PF Payment for April. ESIC – ESIC Payment for April. |
20th
|
GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for April. – Return for Non-Resident foreign taxable person – GSTR 5 for April. |
22nd
|
GST – GSTR 3B for April if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli. |
24th
|
GST – GSTR 3B for April if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for April. |
30th
|
LLP – Form 11 – Annual Return for Previous Financial Year. |
31st
|
PROF. TAX
– Monthly Return for Tax Liability of Rs. 100,000 & above. |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
|
Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
|
Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|
|
Due dates for the Month of April 2021
|
10th
|
GST – Return for authorities deducting tax at source – GSTR 7 for February – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for March. |
11th
|
GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for March. |
13th
|
GST – Return for Input Service Distributor – GSTR 6 for March – Quarterly Return GSTR 1 for January to March 2021 turnover not exceeding Rs. 1.5 crore |
15th
|
Providend Fund – PF Payment for March ESIC – ESIC Payment for March |
18th
|
GST – Return for composition taxable person- GSTR 4 for January to March |
20th
|
GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for March – Return for Non-Resident foreign taxable person – GSTR 5 for March |
22nd
|
GST – GSTR 3B for February if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli |
24th
|
GST – GSTR 3B for March if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for March. |
30th
|
Income Tax
– TDS deduction for the month of March Profession Tax |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
|
Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
|
Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|
The draft of the Code on Wages Karnataka Rules, 2021 which The government of Karnataka proposes to make in the exercise of the powers conferred by section 67 of the Code on Wages, 2019 (Central Act No. 29 of 2019) is hereby published as required by sub-section (1) of said section, for the information of all the persons likely to be affected thereby and notice is hereby given that the said draft will be taken into consideration after thirty days from the date of its publication in the Official Gazette.
Facts in essence:
For the assessment year under consideration, the assessee filed his return of income on 27th September 2011, declaring a total income of Rs. 75,73,399 wherein an amount of Rs. 18,455, under the head “Income From House Property” is included and has shown rent received of Rs. 30,000.
Details of the property let out and rent received as furnished by the assessee: Vide letter dated 12th December 2013, the assessee furnished the details and submitted that he along with his father and brother is a co-owner of the flat. It was submitted that a part of the flat was given on rent to a partnership firm, wherein, his father is a partner. Thus, he and his brother both receive the rent of Rs 30,000/- each.
Also, the annual value of the said property has been fixed by the Municipal Authority at Rs. 79,380. Thus, ALV determined by the Municipal Authority could be adopted for determining the income.
Analysis of facts:
When the assessee had furnished a valuation from the Municipal Authorities determining the ALV at Rs. 79,380, the same could not have been rejected without valid and cogent reasoning. Thus, in the absence of any inquiry by the department as to actual market rent of the assessee property, rejecting the Municipal valuation and referring ALV of some other property (which are commercial property let out to the bank and other commercial establishments) or some other estimated rent is un-justice to the assessee.
What is annual letting value:
Reasonable expected rent is deemed to be the sum for which the property might reasonably be expected to be let out from year to year for which the following factors are taken into consideration:
✓ Location of the property
✓ Annual rentable value of the property fixed by municipalities
✓ Rents of the properties in the neighborhood
✓ The rent which the property is likely to fetch having regard to demand and supply
✓ Cost of construction of the property
✓ Nature and history of the property
The fair rent of the property can be determined on the basis of a rent fetched by a similar property in the same or similar locality. Fair rent is based on some scientific basis and is not the estimated rent or an arbitrary rental value. Also, for collecting municipal taxes, local authorities make a periodical survey of all buildings in their locality in their jurisdiction. Such valuation may be taken as a piece of strong evidence representing the earning capacity of a building. However, it can’t be considered to be conclusive evidence in all cases.
Moreover, in metro cities, municipal authorities determine net rateable value after deducting 10 percent of the gross rateable value, on account of repairs and an allowance for service taxes. The net municipal valuation thus arrived at, requires a fair adjustment for determining reasonable expected rent for income tax purposes. However, such valuation can’t be rejected without valid and cogent reasoning.
Conclusion:
When the assessee had furnished a valuation from the Municipal Authorities determining the ALV at Rs. 79,380, the same could not have been rejected without valid and cogent reasoning. In view of the
aforesaid, AO has to accept the assessee’s claim that the ALV of the property has to be determined at Rs. 79,380, as per the valuation of Municipal Authorities and thereafter assessee’s share shall be determined for addition under the head income from house property.
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Due dates for the Month of March 2021
|
7th
|
Income Tax – TDS Payment for February |
10th
|
GST – Return for authorities deducting tax at source – GSTR 7 for February – Details of supplies effected through e-commerce operator and the amount of tax collected – GSTR 8 for February |
11th
|
GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for February |
13th
|
GST – Return for Input Service Distributor – GSTR 6 for February |
15th
|
Providend Fund – PF Payment for February ESIC – ESIC Payment for February Income Tax – Advance Income Tax – Final Installment for All Assessees |
20th
|
GST – Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of the amount of tax – GSTR 3B for February – Return for Non-Resident foreign taxable person – GSTR 5 for February |
22nd
|
GST – GSTR 3B for February if turnover below Rs. 5 Crore for Gujrat, Madhya Pradesh, Chattisgarh, Maharashtra, Telangana. Andhra Pradesh, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Dadra & Nagar Haveli |
24th
|
GST – GSTR 3B for February if turnover below Rs. 5 Crore for the Rest of India. |
28th
|
GST – Details of Inward Supplies to be furnished by a person having UIN and claiming refund – GSR 11 for February. |
31st
|
Income Tax
– TDS / TCS Quarterly Statement (Other than Government Deductor) for October to December 2020 Profession Tax |
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE | PDF SIGNER |
|
Sensys Technologies Pvt. Ltd.
HO: 904, 905 & 906, Corporate Annexe, Sonawala Road, Goregaon East, Mumbai- 400 063. Tel.: 022-6820 6100| Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai | Kolkata |
|
Visit our BLOG for the latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT, etc. Click here to visit Sensys BLOG
|