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Institute of Chartered Accountants of India Dear Professional Colleagues, CA Atul Kumar Gupta President, ICAI The Council Year 2020-21 is reaching its finality very soon. As per the tradition, I will...

Auto-population of e-invoice details into GSTR-1 1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonl...

Central Bureau of Investigation Press Release CBI Registers A Case Against Two Then Superintendents of Customs & Others, and Conducts Searches Dated: 29.01.2021 The Central Bureau of Investigation has...

Govt has issued following notifications related to Excise and Custom duty to give effect to Provisions of Union Budget 2021- -Notification Nos. 02/2021-Customs to 15/2021-Customs -Notification Nos. 09...

> MSME sector as this sector is the back bone of the success of the economy & is allocated Rs. 15,700 crore for MSME. But considering the 63 Million MSME in India, this allocation is too low. > Govt;...

Rates of income-tax in respect of income liable to tax for the assessment year 2021-22 i.e. Financial Year 2020-21 In respect of income of all categories of assessee liable to tax for the assessment y...

Ministry of Finance DECRIMINALISATION OF THE LIMITED LIABILITY PARTNERSHIP (LLP) ACT, 2008 PROPOSED REVISION IN ‘SMALL COMPANIES’ DEFINITION PROPOSED EASING OF RULES IN ‘ONE PERSON COMPANIES’ FOR STAR...

India has two COVID19 vaccines made available and two more will be made accessible soon. Government is fully prepared to support the economy’s reset. The Budget2021 is based on 6 pillars. Starting wit...

Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securi...

♦ Relief to senior citizen: for 75 years and above: Having only pension and interest income: exemption from filing ITR: Paying banks will do TDS ♦ Reassessment: from 6 years to 3 years Serious tax eva...

Ministry of Finance UNION FINANCE MINISTER SAYS EVERY POSSIBLE MEASURE SHALL BE TAKEN TO SMOOTHEN THE GST CUSTOM DUTY STRUCTURE TO BE OVERHAULED, OVER 400 OLD EXEMPTIONS TO BE REVIEWED CUSTOMS DUTY HI...

Vivad se Vishwas Scheme is extended by CBDT from existing 31st day of January, 2021 to 28th day of February, 2021. MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES New Delhi,...

Budget 2021-2022 Speech of Nirmala Sitharaman Minister of Finance February 1, 2021 Hon’ble Speaker, I present the Budget for the year 2021-2022. Introduction 1. Honourable Speaker, the preparation of...

Budget 2021: Summary Ministry of Finance Summary of the Budget 2021-22 Posted On: 01 FEB 2021 2:10PM by PIB Delhi PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman pres...

Post-pandemic, a new world order seems to be emerging and India will have a leading role therein. She said in this scenario, our tax system has to be transparent, efficient and should promote investme...

Ministry of Information & Broadcasting Cinema halls can operate at 100% capacity, Shri Prakash Javadekar releases SOP for film screening Posted On: 31 JAN 2021 Union Minister Shri Prakash Javadekar to...

UDIN Directorate- 31.01.2021 Extension of Condonation Scheme to regularize UDINs This has reference to the Condonation Scheme to regularize UDINs announced by the ICAI vide its announcement dated 28th...

Ministry of Finance GST Revenue collection for January 2021 almost touches ₹1.20 lakh crore Posted On: 31 JAN 2021 The gross GST revenue collected in the month of January 2021till 6PM on 31.01.2021 is...

New Functionalities Made Available For Taxpayers On GST Portal (January, 2021) includes Functionality related to Deemed approval of Registration Application in Form GST REG-01, Field for capturing val...

TAXGURU invites you to be a part of ‘BUDGET 2021 Knowledge Sharing Campaign‘. The campaign has been initiated with the intent of congregating an overview on The Union Budget 2021. This would enable pr...