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CREDAI’s recommendations on GST November 2020
CREDAI has issued its recommendations on following 15 issues related to GST-1. Affordable Housing2. Works Contract3. GST on Inputs for Housing4. GST on land and land related benefits5. Slum Rehabilita...
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Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme
20/11/20201. Who can opt for the scheme: Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 :An RP who is required to file Form GSTR...
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DGGI busted Inter State Fake Invoice racket
DGGI busted InterState Fake Invoice racket Ministry of FinanceInter State Fake Invoice racket with fake transactions valued at over Rs. 131 Crore value busted by DGGI involving fraudulent Input Tax cr...
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Income Tax relief for Real-estate Developers and Home Buyers
Ministry of FinancePosted On: 13 NOV 2020As part of the AatmaNirbhar Bharat Package 3.0 as announced by Hon’ble Finance Minister on 12th November, 2020, certain income tax relief measures were brought...
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Finance Ministry seeks Suggestions for Annual Budget 2021-22
Ministry of FinanceFinance Ministry seeks Ideas/Suggestions/Proposals for Annual Budget 2021-22Posted On: 13 NOV 2020Over the years, the Ministry of Finance has been holding pre-budget consultations i...
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Undisclosed income of more than Rs. 500 crore unearthed
Ministry of FinanceIncome Tax Department conducts searches in Tamil NaduPosted On: 12 NOV 2020 1:47PM by PIB DelhiThe Income Tax Department conducted searches on 10/11/2020 in the case of a leading wh...
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Income Tax Department searches at Chennai based IT Infra group
Ministry of FinanceIncome Tax Department conducts searches in Tamil NaduPosted On: 07 NOV 2020 3:02PM by PIB DelhiThe Income Tax Department has carried out searches at 5 locations in Chennai and Madur...
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Income Tax Department conducts searches in Kerala
Ministry of FinancePosted On: 06 NOV 2020The Income Tax Department has carried out search and seizure operations on 05.11.2020 in the case of a well-known self-styled evangelist of Thiruvalla in Keral...
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Income Tax Department conducts searches in West Bengal
Ministry of FinancePosted On: 06 NOV 2020The Income Tax Department has carried out searches on 05/11/2020 in the case of one prominent coal trader of West Bengal having premises in Raniganj, Asansol,...
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Rajasthan opts Option-1 to meet GST implementation shortfall
Ministry of FinanceRajasthan decides to go for Option-1 to meet the GST implementation shortfallState will get Rs.4,604 Crores through special borrowing window and also permission to raise additional...
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Transfer/postings of 643 officers in Grade of CIT
F.No. A-22011/6/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 12.11.2020Office Order No. 220 of 2020Conseque...
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50 Transfer/postings in the grade of JCIT/Additional CIT
F.No. A-22012/2/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 10.11.2020Office Order No. 219 of 2020The foll...
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ICAI Submits Pre-Budget Memoranda-2021 on Direct & International Tax
Direct Taxes Committee & Committee on International TaxationThe Institute of Chartered Accountants of India17th November, 2020ICAI submits Pre-Budget Memoranda-2021Direct Taxes and International TaxPR...
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Representation to FM to Widen Scope of Benefit of 20% for flats
Direct Taxes Professionals’ Association has made a representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister for widening the scope of benefit in case of difference in agreement price and Ci...
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PM to Inaugurate Office-Cum-Residential Complex of Cuttack Bench of ITAT Tomorrow
Ministry Of Law & JusticePosted On: 10 NOV 2020Justice P. P. Bhatt, the President of Income Tax Appellate Tribunal, today briefed the media regarding inauguration of Office-Cum-Residential Complex of...
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DTPA submits 33 Income Tax Pre Budget Suggestions for 2021
DIRECT TAXES PROFESSIONALS’ ASSOCIATIONIncome TaxBuilding, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638Email : dtpakolkata@gmail.com8th November, 2020To,The Hon’ble Union Finance...
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New e-TDS/TCS RPU Version 3.4 & FUV version 6.9 & version 2.165
Key Features of e-TDS/TCS Return Preparation Utility Ver. 3.4 for Regular & Correction Statement(s) from FY 2007-08 onwards1. Section codes 194LBA(a) and 194LBA(b) for Form 26Q:- Existing section code...
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Background Material of Diploma in International Taxation
(2020 – Fifth edition) containing:-International Tax – Transfer Pricing -International Tax – Practice (Part I & II)Tax laws in India are becoming more and more complex. Globalization of economies, sig...
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Technical Guide on BEPS Action Plans and Multilateral Instrument
(MLI) – 2020 – First edition Considering the issue that profits should be taxed where the economic activities take place and no profit should suffer double taxation, in September 2013, the Finance Min...
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Basics of International Taxation
2020 (fourth edition) – (Earlier known as Aspects of International Taxation – A Study)International Taxation due to its dynamic and ever changing nature has always been a complex subject not only to s...