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CBDT to share information with Scheduled Commercial Banks
Order under section 138 of the Income-tax Act,1961 directing Principal Director General of Income-tax (Systems), New Delhi for sharing information on ‘IT Return filing Status’ of with Scheduled Commer...
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Tenure of CBDT Chairman P. C. Mody extended till 28.02.2021
F.No.A.12026/9/2020-AD-IGovernment of IndiaMinistry of FinanceDepartment of RevenueNew Delhi, the 31st August, 2020OFFICE ORDER No. 164/2020The President of India is pleased to extend the re-employmen...
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One Time relaxation of tax-returns pending due to non-filing of ITR-V
One Time Relaxation of tax-returns for AY’s 15-16,16-17,17-18,18-19 and 19-20 which are pending due to non -filing of ITR-V form and processing of such returnsIt has been brought to the notice of Cent...
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Withdraw New Income Tax TCS provisions
Ahilya Chamber of Commerce and IndustryDate : 31st August 2020Smt. Nirmala Sitaraman,Minister of Finance,Government of India,NEW DELHI.Respected Madam,PROVISION OF TCSWe wish to submit that the provis...
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Form 26QD notified by CBDT for section 194M TDS payment
Recently introduced Section 194M of Income tax Act, making it mandatory for Individual & HUF to deduct 5% TDS on prescribed paymentsAs per Section 194 M An Individual or HUF has to deduct TDS other th...
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Income Tax Exemption to Owners of Unauthorized Colonies In Delhi
Over 1700 unauthorized colonies in Delhi were regularised in December last year. Owners Delhi’s unauthorised colonies will now get Income Tax Exemption even if they have purchased land or house at rat...
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Differences between current & Faceless Assessment scheme
Article explains Differences between current scheme & Faceless Assessment scheme, Constitution of ReACS, Consequences of No Response by Taxpayer and Functions of each of Assessment Unit, Verification...
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ICAI to Issue Forensic Accounting & Investigation Standards
ICAI Press ReleaseICAI TO ISSUE FORENSIC ACCOUNTING & INVESTIGATION STANDARDSWith an increasing number of Accounting, Financial and Loan irregularities, there is a pressing need of Forensic Accounting...
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Exposure Drafts of Forensic Accounting & Investigation Standards
Invitation of Comments on Exposure Drafts of Forensic Accounting and Investigation Standards (FAIS) – (01-09-2020)The Institute of Chartered Accountants of India The Digital Accounting Assurance Board...
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ICAI to Issue Forensic Accounting & Investigation Standards
ICAI Press ReleaseICAI TO ISSUE FORENSIC ACCOUNTING & INVESTIGATION STANDARDSWith an increasing number of Accounting, Financial and Loan irregularities, there is a pressing need of Forensic Accounting...
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CSI UDIN and eCSIN Guidelines
THE INSTITUTE OF company Secretaries of IndiaMCA: AugustShri Rajesh Verma. IASSecretaryMinistry of Corporate AffairsGovernment of IndiaDr. Rajendra Prasad Road,Shastri Bhawan.New Delhi – 110 001Subjec...
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Amend Rule 8A of Whole-Time Company Secretary Appointment: ICSI
Institute of Company Secretary of India PD: MCA/AugustShri Rajesh Verma, IASMinistry of’ Corporate AffairsGovernment or IndiaDr. Rajendra Prasad RoadShastri Bhawan.New Delhi 110 001Subject: Companies...
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Conceptual Framework for Financial Reporting under Ind AS
Accounting Standards BoardThe Institute of Chartered Accountants of India28th August, 2020ANNOUNCEMENTConceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS) applicable...
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Updated Ind AS related Guidance material
Accounting Standards BoardThe Institute of Chartered Accountants of India27th August, 2020ANNOUNCEMENTHosting of updated Ind AS related Guidance material on ICAI websiteInd ASs notified by the Ministr...
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Indian Accounting Standards (Ind AS) as on April 01, 2020
Accounting Standards BoardThe Institute of Chartered Accountants of India25th August, 2020ANNOUNCEMENTRelease of New Compendium of Indian Accounting Standards (Ind AS) as on April 01, 2020.The Ministr...
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Request to extend due date of filing of GSTR 9 & GSTR 9C
As we are aware, the due date for filling GSTR 9 and GSTR 9C for F.Y 2018-19, is 30th September 2020 according to Notification No. 41/2020 – Central Tax dated 5th May 2020 and we humbly requests CBIC...
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Section 269SU: Banks to Refund charges received on or after 01.01.2020
CBDT clarifies that No Bank /service provider can impose any charges on transactions made through Debit Card, BHIM UPI & BHIM UPI QR CODE on or after 1st January 2020 and any such charges if recovered...
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More than 8 lakh net subscribers added during first quarter of FY 21: EPFO payroll data
Ministry of Labour & EmploymentMore than 8 lakh net subscribers added during first quarter of FY 21: EPFO payroll dataPosted On: 20 AUG 2020 6:45PM by PIB DelhiThe provisional payroll data published b...
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Pre-qualification experience cannot be considered for Registration as Valuer
IBBI find that the educational qualifications and experience possessed by the applicant does not adhere to Rule 4 read with Annexure IV of the Rules. With respect to the contention of the applicant th...
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Shri Gadkari Asks Large Industries to Clear MSME Dues on Priority
Ministry of Micro, Small & Medium EnterprisesOur Target is to Become a Manufacturing Hub of Construction Equipments in the World : Shri Nitin GadkariShri Gadkari Asks Large Industries to Clear MSME Du...