Dear Sir, Here is a gist of recent updates that ...

Dear Sir, Here is a gist of recent updates that needs to be taken care 1 TDS and TCS at normal rates From 01.04.2021 onwards TDS and TCS rates will be at normal rates and not at consessional rates . 2 Re-registration of Charitable Trust and Societies CBDT notifies new Forms w.e.f. 01.04.2021 for the purpose of approval of a fund or trust or institution and Application for registration of charitable or religious trust. ALL EXISTING 12AA registered organization need RE-registration under sec 12BA w.e.f 1st April 2021 within 3 months. 3 Registration of trust and NGO with MCA for CSR Activities Every entity, who intends to undertake any CSR activity, shall register itself with the Central Government by filing the form CSR-1 electronically with the Registrar, with effect from the 01st day of April 2021 4 ITR forms for AY 21-22 released CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. 5 Audit trail Accounting Software requirement postponed Requirement of mandatory audit trail in accounting software for companies has been postponed to 01-04-2022 ✓Company (Accounts) Second amendment Rules, 2021 http://www.mca.gov.in/Ministry/pdf/AccountsAmendmentRules_01042021.pdf 6 HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer https://pib.gov.in/PressReleasePage.aspx?PRID=1708713#:~:text=HSN%20Code%2F%20Service%20Accounting%20Code, more%20than%20Rs%205%20crore& text=Accordingly%2C%20with%20effect%20from%20the, as%20per%20the%20revised%20requirement. Warm Regards Dudhoria Consultancy Services Pvt Ltd Call 9836388555/8017885567 Whatsapp : https://wa.me/919836388555* www.taxdcs.co.in DONATION TRUST INCOME TAX CHARITABLE TRUST CHARITABLE SOCIETY INCOME TAX EXEMPTION CSR FUNDS TAX CONSULTANT KOLKATA MUMBAI INDIA