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Spending of CSR funds for COVID-19 is eligible CSR activity: MCA
Keeping in view the spread of the Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organisation (WHO) and decision of the Government of India to treat this as a notifi...
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ICSI Request for relaxation in filing of ROC forms & compliances
The INSTITUTE OF Company Secretaries of IndiaMCA: March:202024th March, 2020Shri Injeti Srinivas, IASSecretaryMinistry of Corporate AffairsGovernment of IndiaDr. Rajendra Prasad RoadShastri BhawanNew...
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FM relaxes Tax & Regulatory Compliance in view of COVID-19 outbreak
Ministry of FinanceFinance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreakPosted On: 24 MAR 2020The Union...
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Strict action against those forcing healthcare personnel to vacate their rented residences
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHIHEALTH AND FAMILY WELFARE DEPARTMENT9TH LEVEL, A-WING, DELHI SECRETARIAT, IP ESTATE, NEW DELHI – 110 002PH: 011-23392017; FAX: 011-23392464; e-mail: ps...
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Revised Targets for Direct Taxes collection for FY 2019-20; Reduced by 1.65 Lakh Crore
F. No. 380/03/2019-IT (B)Government of IndiaMinistry of FinanceDepartment of Revenue.Central Board of Direct TaxesNorth Block, New Delhi30th March, 2020To,All Principal Chief Commissioners of Income T...
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Advance to EPF members in crisis situation emerging due to COVID-19 pandemic
The Covid-19 has been declared a Pandemic by Government of India for the entire country and therefore the members of the EPF have become eligible for the benefits of non-refundable advance under the s...
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Download Finance Bill 2020 as passed by Lok Sabha
Lok Sabha passed the Finance Bill 2020 on 23rd March 2020 without discussing the Various Changes Proposed subsequent to Introduction of Finance Bill 2020 in Lok Sabha on 1st February 2020. Also Read-L...
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Representation on Covid 19 related hardships faced by Income Taxpayers
A Representation on Representation on Covid 19 related hardships faced by Direct Taxpayers around the country is made to Finance minister which focused on Prosecution for Non / delayed deduction of of...
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List of Amendments in Finance Bill as passed by Lok Sabha
Following is the list of Amendments which were proposed in Finance Bill 2020 after its Introduction in Lok Sabha on 01st February 2020. These amendments were passed by Lok Sabha on 23.03.2020 without...
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Both Houses of Parliament Adjourned after Budget Session 2020
Ministry of Parliamentary AffairsProductivity of Lok Sabha was approx. 90% and that of Rajya Sabha 74%.: Prahlad JoshiPosted On: 23 MAR 2020 9:13PM by PIB DelhiThe Budget Session, 2020 of Parliament w...
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Declarations of Finance Ministry Today At 2.30 Pm
Finance minister declaration India today meeting at 2:30 p.m.1. Vivad se Vishwas extended to 30th June2. return filing for 18-19 financial year extended to 30th June interest on3. TDS interest will be...
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PCIT Request CBDT to extend time-barring date of 31st March 2020
Principal Chief Commissioner Of Income-Tax Shri Satish Kumar Gupta from Mumbai has requested the CBDT for Extension of date of Limitations under Income Tax Act, 1961 due to spread of Covid-19 Virus an...
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Extend time barring date, Shut Down I-T Offices: Rajasthan IRS
Neena Nigam, IRS posted at Rajasthan requested CBDT Chairman that instructions may be issued for complete shutdown of Income tax offices in Rajasthan and extend time barring date i.e. 31.03.2020 for a...
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Finance Act 2020: International Taxation related amendments
World Moving Towards Multilateral Instrument (MLI)Intending to eliminate double taxation with respect to the taxes covered by this agreement without creating opportunities for non-taxation or reduced...
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Finance Act 2020: Residential Status
In order to bring prevent tax abuse the Finance Act, 2020 modified the Residency Provision.According to the un-amended Section 6, an individual is said to be resident in India in any previous year, if...
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TDS on Cash Withdrawal of more than 1 Crore (Section 194N)
In order to discourage cash transactions and move towards less cash economy, With effect from 01/09/2019 a new Section 194N is inserted to levy for TDS at the rate of 2% on cash payment in excess of R...
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Key amendments by Finance Act , 2020 in Comparison to changes Proposed by Finance Bill 2020.
Rate of income taxA taxpayer having no business income can opt for the existing regime or the proposed regime every year upon analysing what is more beneficial. However, a taxpayer having a business i...
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Section 206C(1H) (New TCS Provisions & Practical Issues)
The recent Union Budget 2020 is with regard to Tax Collection at Source (TCS) which is embedded in section 206C of the Income Tax Act-1961, has proposed to widen the TCS net with following 3 additiona...
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Section 115BAC (Concessional tax regime for individual and HUF is also applicable to PROFESSIONAL)
The Finance Bill, 2020 has proposed concessional tax regime for individual and HUF by inserting Section 115BAC to the Income-tax Act, 1961. This provision provides an option for payment of taxes at th...
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Direct Tax Vivad se Vishwas Act, 2020
is An Act to provide for resolution of disputed tax and for matters connected therewith or incidental thereto.ObjectiveTax disputes consume copious amount of time, energy and resources both on the par...