MCA relaxes the timeline for filing forms under Companies Act and LLPs Act

The companies and LLPs can file forms due on the period between April 1 to 31st May till 31st July, 2021 without paying additional fees. MCA has also provided through notification that while calculating the due date for creation and modification of charges by filing CHG-1 and CHG-9, if the due date falls between April 1 to 31st May, the period between April 1 and 31st May shall not be reckoned.

CBDT notifies Income-tax (13th Amendment) Rules, 2021.

As per the new rule, for the thresholds “the amount of aggregate of payments arising from transaction or transactions in respect of any goods, services or property carried out by a non-resident with any person in India, including provision of download of data or software in India during the previous year, shall be two crore rupees.