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Vivad Se Vishwas Scheme extended till 31/01/2021 (Notification)
Vivad Se Vishwas Scheme extended till 31/01/2021MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 92/2020-Income TaxNew Delhi, the 31st December, 2020S.O. 4804(...
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Section 10(46) exemption to Yamuna Expressway Industrial Development Authority
Notification No. 91/2020 Central Government notifies ‘Yamuna Expressway Industrial Development Authority’ an authority constituted by the State Government of Uttar Pradesh, as a ‘class of Authority’,...
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Clarification on prior approval for coercive/intrusive tax recovery u/s. 226(2)/(3)
Summary:The concept of Collegium will not be applicable in the Pr. CCIT regions where only one officer of the level of Pr.CCIT or CCIT is available. In such Regions, the recovery surveys will be condu...
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Delivery on Budget Promises (2020-21)
Re-strengthening economy through reforms: Assuring fair, courteous and rational behavior to the taxpayer, demonstrating our commitment to improve taxpayer services. DELIVERY ON BUDGET PROMISES (2020-2...
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₹ 450 Crore concealment detected in IT searches in Kolkata
Ministry of FinanceIncome Tax Department conducts searches in KolkataPosted On: 15 JAN 2021The Income Tax Department carried out search and survey operations on 13.01.2021 on persons / entities engage...
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Response to outstanding Income Tax Demand
The Taxpayer can submit the response online to the outstanding demand by performing the below steps.1. Go to the Income Tax e-Filing portal, `www.incometaxindiaefiling.govin’2. Login to e-Filing porta...
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View Tax Credit Statement (Form 26AS)- Easy Guide
The Form 26AS displays the various taxes deducted/paid on individual’s income from/through various sources. It includes details of,♦ Tax Deducted at Source (TDS)♦ Tax Collected at Source (TCS)♦ Advanc...
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CBDT launches e-portal for filing tax evasion complaints
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed AssetsTaking another step towards e-governance and encouraging participation of citizen as stak...
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Income Tax Dept conducts searches in Assam & Hyderabad
Income Tax Department conducts searches in AssamThe Income Tax Department carried out search and survey action on 08/01/2021 in the cases of renowned Doctors/Medical professionals of Assam. The search...
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e-Proceeding of Income Tax
What is an ‘e-Proceeding’?e-proceedings is an electronic platform for conducting proceedings in an end to end manner created by the Income Tax department.The objective here is to bring about transpare...
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Request to extend time limits under section 54 to 54GB
KSCAA has requested to Hon’ble Minister of Finance to extend various time limits under section 54 to 54GB of the Income-tax Act, 1961 (the Act). It is requested that various due dates for compliance a...
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Request to permit utilization of accumulated funds for other purposes- section 11(2)
Karnataka State Chartered Accountants Association has requested to permit utilization of accumulated funds for purposes other than the purpose for which it is so accumulated under section 11(2) of the...
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Income Tax Dept searches 3 real estate & stock broking groups of Kolkata
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 08th January, 2021PRESS RELEASEIncome Tax Department conducts searches in KolkataThe Income Tax Depar...
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Draft Panel for Category of MEF application 2020-21
Professional Development CommitteeThe Institute of Chartered Accountants of India16th January, 2021Draft Panel for Category of MEF application 2020-21MEF Applicants can visit at https://meficai.org/ t...
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New MCA Scheme for condonation of delay for certain companies
Scheme for Condonation of delay for Restored Companies by NCLT between 1 Dec. 2020 to 31 Dec. 2020MCA vide Circular No. 3/2021 announced for Condonation of Delay Scheme for Companies restored by NCLT...
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Companies who not followed Process for AGM date extension may face legal action: MCA
MCA has issued Circular no. 02/2021 dated 13th January, 2021 wherein companies whose AGMs were due to be held in the year 2020, or become due in the year 2021 are allowed to conduct their AGM on or be...
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Spending on CSR for COVID-19 Vaccination public outreach is valid CSR activity
The Ministry of Corporate Affairs has issued General Circular No. 01/2021 dated 13.01.2021. It has been clarified that spending of CSR funds for carrying out awareness campaigns / programmes or public...
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Clarification on passing of ordinary & special resolutions by companies
Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 read with rules made thereunder on account of COVID-19- Extension of time.General Circular No. 39...
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MCA extends last date of filing Form CRA-4 extended to 31.12.2020
Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) to 31st December, 2020 for FY 2019-20 under the Companies Act, 2013.General Circular...
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Service Tax Department issuing illegal SCN for FY 2014-15
Chartered Accountants Association, Jalandhar has made a representation to FM regarding Misuse of Official Position by making roving enquiries & issuing illegal Show Cause Notices by Central Excise (Se...