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A new return requirement for companies paying Dividend

Description: As a new requirement, every company paying dividend (interim or final) shall be required to furnish a statement of financial transaction (SFT) in Form 61A on or before the 31st May, immediately following the end of financial year. Download
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GST annual return and audit due date extension for FY 2018-19.

In view of COVID-19 panademic, Indian Government has further extended due date for GST audit for FY 2018-19 from October 31st to December 31st, 2020. Download
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GSAP Alert CBDT Clarification regarding Tax Residential Status for FY 2020-21_20210306

The CBDT, vide Circular No. 2 of 2021 dated March 3, 2021 has denied to provide any further relaxation with regard to the Residential Status of foreign citizens and Indians who live abroad but were on a visit in India during the period of lockdown imposed starting from March 22, 2020 and who could not return back immediately even on resumption of international flights during FY 2020-21 Download
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India Budget 2021: Summary

Indian Finance Minister Mrs. Nirmala Sitaraman presented Economic Survey 2020-21 in the Parliament on January 29, 2021 and Union Budget 2021 on February 1, 2021. In this article we have discussed the highlights of economic survey and key direct tax and indirect tax proposals for the FY 2021-22. Download
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GSAP Alert – FY 2019-20 ITR filing and other relevant compliance dates extended further

In view of the COVID-19 outbreak, the Government has again extended the due dates for filing of income-tax returns and audit reports under the Income-tax Act for the AY 2020-21 (FY 2019-20). In this Alert GSAP has discussed extended due dates. Download

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Union Budget 2021-22 - Board for Advance Rulings and Tax Certainty -20210304.

Budget 2021 has proposed to replace Authority for Advance Rulings (AAR) with Board for Advance Rulings (BAR). In this article we have analysed how far BAR will be useful for taxpayers. Download
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FTC to Japanese expatriates for FY 2020-21 (Covid period)

Will taxes paid in Japan by Japanese expatriates due to extended stay in Japan forced by Covid-19 be available for credit in India? – An analysis in view of recent court ruling. Download
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Immediate Responses by Income Tax Administration to COVID-19: A Comparative Study

In this article published by Taxsutra the GSAP partners have listed out the comparative analysis of taxation related measures taken by Indian and other Governments in view of COVID-19 and what else Indian Government can do. Download

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