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File TDS Return – Without any Expenses on software purchase
TDS Return filling – Easiest way by Government software : FreeUnder this article we will discuss about the way to file TDS Return without buying any software.As you know if you have to file your TDS R...
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SEBI Consultation Paper on Relaxation with respect to QIP issues
Securities and Exchange Board of IndiaConsultation PaperRelaxation with respect to Qualified Institution Placement (QIP) issues 1. Objective 1.1. The objective of this discussion paper is to seek comm...
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Consultation Paper on Amendment to SEBI (Delisting of Equity Shares) Regulations, 2009 for Schemes of Arrangement
Securities and Exchange Board of IndiaConsultation Paper on “Amendment to Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 for Schemes of Arrangement”Objective1) T...
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Delhi income tax Inspector found suspected of corona virus infection
OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION, NEW DELHIRoom No.304, III Floor. E-2 Block, Civic Centre, Minto Road, New Delhi-110002 Tel:011-23234207, Fax: 011-23234...
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Declare Financial Year 2019-20 to end on 30.04.2020 instead of 31.03.2020
Joint Council of ActionIncome Tax Employees Federation &Income Tax Gazetted Officers AssociationJCA/Covid-19/2019-20Dated: 18th March, 2020ToThe Chairman,Central Board of Direct Taxes,North Block, New...
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Income tax Authority before whom particulars of parent entity and alternate reporting entity to file CbC Report
Ministry of FinanceIncome Tax Department designates Income tax Authority before whom particulars of parent entity and alternate reporting entity to file Country-by-Country Report would be notifiedPost...
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Induslnd Bank statement on irresponsible rumours and speculation
Press statementMumbai, March 17, 2020: In wake of the significantly higher level of market rumours and speculation around Induslnd Bank stock, we would like to reiterate that the Bank is financially s...
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Grant blanket extension of all statutory due dates till 30.04.2020
Chamber of Tax Consultants has made a request to Finance Minister Smt. Nirmala Sitharaman that a blanket extension of time upto 30th of April is granted for all statutory compliances and if the situat...
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CBDT notifies ‘designated authority under ‘Direct Tax Vivad Se Vishwas Act, 2020
GOVERNMENT OF INDIA MINISTRY OFFINANCE DEPARTMENT OF REVENUEPRINCIPAL CHIEF COMMISSIONER OF INCOME TAX(INTERNATIONAL TAXATION), NEW DELHI.Dated : 18th March, 2020NotificationSubject: – Notification of...
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CBDT notifies Direct Tax Vivad Se Vishwas Rules 2020 with Forms
After Assent by President of of Direct Tax Vivad se Vishwas Act, 2020, CBDT notifies Direct Tax Vivad Se Vishwas Rules 2020 alongwith Relevant Forms which includes Form 1 to Form 5. vide Notification...
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Maharashtra CM requests FM to extend Income Tax / GST Due Dates
As per twitter Handle of CMNO Maharashtra, Hon’ble CM Uddhav Balasaheb Thackeray has spoken to Hon’ble FM Smt Nirmala Sitharaman to consider the postponement for the following:1. 31/3/2020 last date t...
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Direct Tax Vivad se Vishwas Scheme – CBDT enables Online Form submission
Pursuant to the enactment of the Direct Tax Vivad se Vishwas Act, 2020 (VSVS) on 17.3.2020, the Direct Tax Vivad se Vishwas Rules, 2020 alongwith Forms-1 to 5 have been notified on 18.3.2020 vide noti...
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Direct Tax Vivad se Vishwas Scheme- Request for 3 months extension
All India Federation of Tax Practitioners(Direct Tax Representation Committee)(An Association of Advocates, Chartered Accountants & Tax Practitioners of India)Ref. No. ………………Date: 18.03.2020Hon’ble Sm...
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New TCS Provisions w.e.f. 01.04.2020 (On Sale of Goods)
Tax Collected at Source (TCS ) is the tax payable by the seller which he collects from the buyer at the time of sale.Budget 2020 has proposed to widen the scope by including TCS on Sale of Goods w.e.f...
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Reconsider increase in turnover to Rs. 5 Crore for filing GSTR-9C
ICAI raises its Concern over increasing the threshold limit from Rs. 2 Crore to Rs. 5 Crore for filing Reconciliation Statement in form GSTR-9C and requested CBIC to reconsider its decision. ICAI subm...
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Add Column for UDIN on Certificates/Reports: ICAI to CBIC
ICAI requested CBIC to include a column for mentioning UDIN in all the forms related to their department. It is to be noted that CBDT has already assured ICAI to include UDIN in all its Audit Report a...
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Permit availment of GST ITC pertaining to Financial Year 2018-19
ICAI made a Request for permitting availment of input tax credit under GST pertaining to Financial Year 2018-19 by extending the due date for taking the input tax credit for invoices pertaining to Fin...
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Remove Restriction in availment of ITC imposed by Rule 36(4)
It is requested that Restriction in availment of input tax credit (ITC) imposed by Rule 36(4) of CGST Rules, 2019 be withdrawn from the retrospective effect as imposition of such restriction on the fl...
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Remove Difficulties in filing Annual Return in Form GSTR 9: ICAI
Many taxpayers did not file their GST Annual Return for the financial years 2017-18. However, some of them wish to file their Annual Return for the financial years 2018-19. But they are not able to fi...
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Provide login facility to CA to file Reconciliation Statement in Form GSTR 9C
ICAI submitted to CBIC that The system of providing separate login id to the Chartered Accountant is working very smoothly under Income Tax whereas Offline facility available under GST has some shortc...