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KMS Newsletter July 2020


KMS Newsletter – July 2020

Features important updates on:

Direct Tax:

– Section 143(1)- Processing of Returns beyond Time

– Amendments in various rules – 31A, 26Q and 27Q

– Amendments in Rules and Form 27EQ under TCS

– Section 194N: Amendments

– One time Relaxation in E-filed Returns

– National Pension Scheme TIER II

– Exemption to RERA under Income Tax

Indirect Tax & Other Laws:

– Amendment in provisions related to E-Invoicing

– SEBI: Extension in Time for Submission of Financials

– SEBI: Extension in date for use of DSC

– Companies (IND AS) Amendment Rules, 2020

– FEMA: Extension in Due Date for FLA return

– Launch of new DGFT Platform

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