-
Select core Business on GST Portal based on highest turnover: GSTN
Classification of Taxpayers Tax payers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on high...
-
Request to amend Rajasthan VAT Amnesty scheme
Tax bar Association has made a representation with a to Request to include some important points under Rajasthan VAT Amnesty scheme as introduced by Notification No. No.F.12(29) FD/Tax/2021-269 dated...
-
Issues and concerns of trading community on GST
Confederation of All India Traders “Vyapar Bhawan“ 925/1, Naiwala, Karol Bagh,. New Delhi- 10005. Phone: +91-11-45032664, Telefax: +91-11-45032665 E-mail: teamcait@gmail.com, Website : www.cait.in 13t...
-
CBDT notifies New Form 15E and rule 29BA
CBDT vide notification No. 18/2021-Income Tax, Dated: March 16, 2021 inserted new rule 29BA. Application for grant of certificate for determination of appropriate proportion of sum (other than Salary)...
-
Income Tax Dept searches handlers of Cash in Tamil Nadu
The Income Tax Department carried out searches on 11.03.2021 in the case of a group of individuals who are involved in handling huge amount of cash and routing unaccounted money through foreign entiti...
-
82,072 assessment cases completed in faceless manner till 10.03.2021
Income tax assessments are being done in a faceless manner, this was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Ra...
-
Tax relief for industries affected by Coronavirus
Ministry of Finance Posted On: 15 MAR 2021 In view of the challenges faced by taxpayers due to the outbreak of Novel Corona Virus (COVID-19), the Government of India has taken several taxation measure...
-
Steps taken by Government to use AI for education transformation
Steps taken by the Government to use artificial intelligence (AI) for education transformation The National Education Policy (NEP) 2020 has recommended introducing contemporary subjects like Artificia...
-
CSR expenditure by all companies in Aspirational Districts from 2017-20
Ministry of Corporate Affairs Posted On: 15 MAR 2021 The Government has made changes to the Corporate Social Responsibility (CSR) Rules and the recent amendments in the Companies (CSR Policy) Rules, 2...
-
Misleading advertisement etc- 172 Notices issued since October 2020
Ministry of Consumer Affairs, Food & Public Distribution 172 Notices have been issued since October 2020 by Central Consumer Protection Authority for misleading advertisement and unfair trade practice...
-
CMA – Renewal of CoP issued w.e.f. 1st February 2019
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (Statutory body under an Act of Parliament) Professional Development and CPD Directorate CMA Bhawan,3, Institutional Area Lodhi Road, New Delhi 110003 Email:...
-
100 percent of estimated GST compensation shortfall released
100 percent of the estimated GST compensation shortfall of Rs.1.10 Lakh crore released. 20th Instalment of Rs. 4,104 crore released to the States on Monday, 15th March, 2021. The Ministry of Finance,...
-
Income-Tax Authorities- Amendment in Notification No. 66/2014
Principal Chief Commissioner of Income-tax, North East Region Headquartered at Guwahati to to issue orders in writing for the exercise of the powers and performance of the functions by Commissioner of...
-
UGC to Treat CA/CS/ICWA qualification as equivalent to PG Degree
University Grants Commission Bahadur Shah Zafar Marg, New Delhi-110002 off: 011-23238865 E-mail: ssingh.ugc@nic.in Dr. Surender Singh Joint Secretary D.O.No.9-35/2016 (CPP-II) 15 March, 2021 Sub: To c...
-
Competition Commission of India (CCI) – February – 2021 Updates
1. PRESS RELEASE No. 58/2020-21 – 10.02.2021 CCI approves acquisition by Siemens Healthineers Holding I Gmb (SHS GmbH) of Varian Medical Systems, Inc. (Varian) under Section 31(1) of the Competition A...
-
Handling of non-responsive Income Tax cases for physical verification
National e-Assessment Centre, Delhi Room No. 401, 2nd Floor, E-Ramp, Jawaharlal Nehru Stadium, Delhi-110003. Phone No: 24367003 F.No. CIT(NeAC)/2020-21/802 Dated 12.03.2021 To, The Chief Commissioners...
-
CBDT clarifies on potential cases for issue of Section 148 notice
F.No.225/40/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 12th March, 2021 To All Principal Chief Commissioners of Income-tax M...
-
CBDT notifies reporting of Capital Gain, Dividend, Interest Income in SFT
CBDT notifies that For the purposes of pre-filling the return of income, a statement of financial transaction containing information relating to capital gains on transfer of listed securities or units...
-
CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q
CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Pai...
-
ICAI extends Condonation Scheme to regularize UDINs
UDIN Directorate The Institute of Chartered Accountants of India 12th March, 2021 Extension of Condonation Scheme to regularize UDINs It is informed by the Central Board of Direct Taxes (CBDT) that UD...