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CBDT approves IIT, Bhilai for Research under Section 35(1)(ii) & (iii)
CBDT approves M/s Indian Institute of Technology (IIT), Bhilai for Scientific Research and Research in Social Science and Statistical Research for the purposes of clauses (ii) and (iii) of sub-section...
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Health Insurance policy – FAQs
Q.1 What are the Insurance Companies that offer Health Insurance in India? Ans: Health Insurance policies are offered by all Life, General and Health Insurance companies that are registered with IRDAI...
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Draft Model Rules for Live-Streaming & Recording of Court Proceedings
Ministry of Law and Justice e-Committee of Supreme Court releases Draft Model Rules for Live-Streaming and Recording of Court Proceedings; Comments/inputs sought from stakeholders Draft Model Rules ai...
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One-time Golden Opportunity for CA Final Exam passed students
Board of Studies-Operations (SSEB) The Institute of Chartered Accountants of India 7th June, 2021 ANNOUNCEMENT One-time Golden Opportunity for CA Final Exam passed students – Complete virtual MCS/Adv....
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GoM report submitted on GST tax relief on Covid materials
An eight members group of ministers set up to decide GST reduction on Covid relief material has recommended that the GST on vaccines be determined by Gst Council and has therefore referred the matter...
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CBIC collects Late Fees of ₹. 1516.34 Cr during Apr 2020 to Feb 2021
As per an RTI CBIC collects Late Fees of Rs. 1516.34 Cr during Apr 2020 to Feb 2021 despite the Pandemic Covid-19. Whiile CBIC collects Rs. 2507.75 Crores in FY 2019-20 Rs. 2057.53 Crores if FY 2089-1...
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FM meets heads of insurance companies for faster claim settlement
Ministry of Finance Finance Minister Smt Nirmala Sitharaman meets heads of insurance companies for faster claim settlement FM emphasizes for streamlining process and documentation requirements under t...
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“Covid-19 in Children: Threats & Precautions”
CSIR’s new entity, the CSIR-National Institute of Science communication and Policy Research (NIScPR)), New Delhi, organized a half-day online session on COVID-19 in children yesterday (04 June 2021)....
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₹ 1,02,709 crore gross GST revenue collected in May
Ministry of Finance GST Revenue collection for May 2021 Posted On: 05 JUN 2021 4:25PM by PIB Delhi The gross GST revenue collected in the month of May 2021 is₹1,02,709 crore of which CGST is ₹17,592 c...
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Chart of Late fee waiver for delay in filing Form GSTR-3B returns
The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below: (Note: Please refer to...
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Chart of Waiver of GST interest & late return filing fee
Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part 1 & Part 2) Government has granted waiver from payment of interest an...
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New e-filing Portal to provide Free ITR Preparation Software
New, Taxpayer-friendly e-filing Portal of the Income Tax Department To Be Launched on 7th June, 2021 Several New Features Introduced Free of Cost ITR Preparation Interactive Software Also Available Ne...
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Request for extension of time limit for Re-registration u/s 12AB for Charitable Trusts/NGOs
BJP professional cell has requested FM Smt. Nirmala Sitharaman Madam through its president CA Shailesh R. Ghedia for extension of time limit for Re-registration under section 12AB of Income Tax Act, 1...
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Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part II
Annexure 1 Important points to remember while filing return of income in ITR utility for ITR-3 (online or offline) Validation Rules The validation process at e–Filing/CPC end is to be carried out for...
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Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part I
Instructions to Form ITR-3 (A.Y 2021-22) Instructions for filling out FORM ITR–3 These instructions are guidelines for filling the particulars in Income-tax Return Form-3 for the Assessment Year 2021-...
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Suggestions to Improve the Faceless Penalty Scheme
KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) Date: 4th June 2021 To, Shri. J B Mohapatra The Chairman Central Board of Direct Taxes, New Delhi – 110001 Respected Sir, SUBJECT: SUGGESTIONS TO...
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DSC to be re-registered on new Income Tax portal
DSC to be re-registered afresh 7th June onwards on new Income Tax portal Please ensure that you re-register your current valid DSC on the new e-filing portal https://www.incometax.gov.in from June 7th...
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Request to Extend Due Dates under Direct Tax
All India MSME and Tax Professionals Association Ref:- AIMTPA/007/21-22 Date:- 30-Mav-2021 To, Honorable Smt. Nirmala Sitharaman ji Finance Minister Government of India New Delhi, Respected Madam Subj...
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Instructions for filling ITR-7 For A.Y. 2021-22 | F.Y. 2020-21
Instructions to Form ITR-7 (A.Y. 2021-22) Instructions for filling out Form ITR–7 These instructions are guidelines for filling the particulars in Income-tax Return Form-7 for the Assessment Year 2021...
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Instructions for filling ITR-6 For A.Y. 2021-22 | F.Y. 2020-21
These instructions are guidelines for filling the particulars in Income‐tax Return Form‐6 for the Assessment Year 2021‐2 relating to the Financial Year 2020‐21. In case of any doubt, please refer to r...