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No decision taken to reintroduce FRDI Bill
Ministry of FinanceClarification on FRDI BillNo decision taken to reintroduce the FRDI BillPosted On: 27 JUL 2020The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) was introduced in...
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Issue of SEBI Guidelines To All Mutual Funds In India
Acknowledging the fact that the securities market including mutual funds were worst hit by the impact of COVID-19, the Securities and Exchange Board of India (SEBI) has made an announcement having the...
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FAQs on One Time SEBI Settlement Scheme, 2020
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parlianment)Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India30th July, 2020FREQUENTLY...
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DGGI books 3 firms for Tax evasion of more than Rs 600 Crore
DGGI books 3 firms for Tax evasion of more than Rs 600 Cror Ministry of FinanceDGGI books 3 firms for Tax evasion of more than Rs 600 CrorePosted On: 27 JUL 2020 4:43PM by PIB DelhiA case was booked a...
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Centre Released Rs. 1,65,302 Crore as GST Compensation
Ministry of FinanceCentre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against cess collection of Rs. 95,444 croreCentral Government has recently released GST Compe...
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Empanelment & Guidelines for empanelment of Advocates to defend NAA
NATIONAL ANTI-PROFITEERINGAUTHORITY(GST)(Deptt.of Revenue, Ministry of Finance, Govt. of India)6th Floor, Tower-1, JeevanBhartiBuildingConnaught Place, New Delhi-110001File No. Admn (NAA)/P&M/81/2019/...
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Government dumps new system of filing GST returns
Government to continue with the existing and improved GST Return System, dumps new system of filing returnsThe government plans to improve existing GST return filing system instead of rolling out a ne...
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Scheme for Manufacturing In Customs Bonded Facility
MANUFACTURING IN CUSTOMS BONDED FACILITY‘A Scheme for manufacturing and other operations in a Customs Bonded Facility to Promote India as a Global Manufacturing Hub’OVERVIEWIndia allows duty-free impo...
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5 Upcoming Changes on GST Portal- You Must Know
1. Changes Related to GSTR-3B: –1. Linking GSTR-1 with GSTR-3B (for the flow of liability).PDF Mail of filed GSTR-3B.2. Linking GSTR-2A/2B & Ice-gate data with GSTR-3B for better ITC Availment.2. Chan...
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Designation of Special Courts at Kamrup (Guwahati) under Company Law
Chief Justice of the High Court of Gauhati hereby designates Court of Chief Judicial Magistrate, Kamrup (M) at Guwahati as Special Court for the purposes of providing speedy trial of offences under cl...
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Companies (Indian Accounting Standards) Amendment Rules, 2020
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 24th July, 2020G.S.R. 463(E).— In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013),...
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FM lauds IT Department for being responsive to people
Ministry of FinanceFinance Minister Smt. Nirmala Sitharaman lauds IT Department for being responsive to people as CBDT observes 160th Income Tax day towards Nation BuildingPosted On: 24 JUL 2020 6:08P...
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411 transfer/postings of officers in the grade of ACIT/DCIT
F.No. A.22013/2/2020-Ad.VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 29.07.2020Office Order No. 133 of 2020The foll...
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Fake-invoicing is a challenge in GST regime: CBIC chairman
Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & CustomsNorth Block, New Delhi-110 001Tel. No. : +91-11-23092849, Fax No. : +91-11-23092890E-mail : ajit.m@gov.inM. Ajitkumar,...
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CBDT extends due date for Income Tax Returns for FY 2018-19
In view of the constraints due to the Covid pandemic & to further ease compliances for taxpayers, CBDT extends the due date for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from 31st July,...
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All you need to know about TDS Rules before filling your IT returns!
The Government is planning to specify a certain category of taxpayers to pay their entire tax liability for FY 2019-20 in advance, which means such persons shall be required to pay tax even before the...
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List of 30 Initiatives of ICAI Committee for Members in Practice
Committee for Members in Practice (CMP)The Institute of Chartered Accountants of IndiaJuly 29, 2020Dear Members,Greetings of the day! We are pleased to inform you about the various initiatives of the...
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CBDT Order for sharing of information with 10 Govt agencies
Order under section 138 of the Income-tax Act,1961 for sharing of information through NATGRID platform with 10 Government agencies namely CBI, DRI, ED, CBIC, Cabinet Secretariat, Intelligence Bureau,...
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CBDT to share info of eligible beneficiaries under PM-KISAN Yojana
Order u/s 138(1)(a) of the Income-tax Act, 1961 directing Pr. DGIT (Systems), Delhi for furnishing information to Nodal Officer (PM-KISAN) and J.S. (Farmers Welfare), Ministry of Agriculture and Farme...
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Rule 12CB- Section 115UB(7) Statement & new Form No. 64C & 64D
MINISTRY OF FINANCE(Department of Revenue)[CENTRAL BOARD OF DIRECT TAXES]NOTIFICATIONNew Delhi, the 28th July, 2020INCOME-TAXNotification No. 55/2020-Income TaxG.S.R. 469(E).- In exercise of the power...