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PAN-Aadhaar Linking Possible after 31st March 2020
According to the income tax department, PAN and aadhaar linking is possible even after 31st March 2020. Though there’s a twist here, this linking is possible on condition that the PAN will remain inop...
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Travel Advisory (II) for COVID-19 for Indians intending to travel abroad
Government of IndiaMinistry of Health & FWAdditional Travel Advisory (II) for COVID-19 for Indians intending to travel abroadMore than 100 countries across the world now have reported cases of COVID-1...
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Filing of forms in Registry MCA-21 by IRP or RP or Liquidator- MCA clarifies
Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional) (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Cod...
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NCLAT & NCLT members to stick to time limits to cut delays in insolvency cases
07-March-2020- Every delay may have 100 good explanations, but the fact still remains that there is a delay, said Justice S. J. Mukhopadhaya, Chairperson, NCLAT. He was speaking here today at the coll...
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SEBI Paper with Respect to Guarantees Provided by A Listed Company
Securities and Exchange Board of IndiaConsultative Paper with Respect to Guarantees Provided by A Listed CompanyBackground and rationale for review1. Instances have come to the notice of SEBI where li...
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Consultative paper on e-voting facility provided by listed entities
Securities and Exchange Board of IndiaCONSULTATIVE PAPER ON e-VOTING FACILITY PROVIDED BY LISTED ENTITIESBackground and Rationale for review1. Under Regulation 44 of Securities and Exchange Board of I...
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Consultation paper on Review of Regulatory Framework for Corporate bonds & Debenture Trustees
1. ObjectiveThe objective of the consultation paper is to seek comments/views from the public on the proposals that are expected to strengthen the regulatory framework for Corporate bonds, secure the...
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Cabinet permit Foreign Investment in Air India Ltd by NRIs
CabinetCabinet approves the Foreign Direct Investment policy on Civil AviationPosted On: 04 MAR 2020To permit foreign investment upto 100% by those NRIs, who are Indian Nationals, in case of M/s Air I...
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Cabinet approves Consolidation of 10 Public Sector Banks into 4
Ministry of FinanceCabinet approves Mega Consolidation in Public Sector Banks {PSBs} with effect from 1.4.2020.Government transforms PSB landscape with consolidation of ten PSBs into four with effect...
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CGST detects ITC fraud of more than Rs 12 crore from 30 fake firms
CGST Delhi detects Input Tax Credit fraud worth more than Rs 12 crore from 30 fake firms, one arrested07 MAR 2020 -The CGST Delhi North Commissionerate arrested one person who received fake/goods-less...
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Registration for EPFO & ESIC for new Companies on MCA Portal only
Registration for EPFO & ESIC for new Public and Private Limited Companies and One Person Company has been stopped on Shram Suvidha Portal from 15.02.2020.With effect from 15.02.2020, new Public &a...
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6th Report on Insolvency and Bankruptcy (Second Amendment) Bill, 2019
STANDING COMMITTEE ON FINANCE(2019-2020)SEVENTEENTH LOK SABHATHE INSOLVENCY AND BANKRUPTCY (SECOND AMENDMENT) BILL, 2019(MINISTRY OF CORPORATE AFFAIRS)SIXTH REPORTLOK SABHA SECRETARIATNEW DELHIMarch,...
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CBT of EPFO recommends PF Interest Rate of 8.50% for 2019-20
Employee Provident Fund (EPF) interest rate lowered from 8.65% in Financial Year 2018-19 to 8.5% for Financial Year 2019-20Ministry of Labour & Employment226th Meeting of Central Board of Trustees Hel...
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7 GST Issues/Queires Raised and Replied by GST Department
Government of IndiaMinistry of Finance, Department of RevenueOFFICE OF THE COMMISSIONERATE, SHILLONGGOODS & SERVICES TAX COMMISSIOPNERATE, SHILLONG3rd, CrescensBuilding, MG Road, Shillong – 793001Tel...
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Case registered for fraudulently claiming IGST refunds
Ministry of FinanceDGGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goodsPosted On: 07 MAR 2020DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pv...
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Extension of ad-hoc appointments of 213 ACsIT
CBDT Extends ad-hoc appointments of the 213 Assistant Commissioners of Income Tax (ACsIT) Vide Office Order No. 46 of 2020 Dated 05th March, 2020.F.No.A-32013/5/2016-Ad.V1Government of IndiaMinistry o...
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Committee formed to look into existing Transfer/Placement Guidelines for IRS officers
Government of IndiaDirectorate of Income Tax (HRD)Central Board of Direct Taxes2nd Floor, Jawaharlal Nehru Stadium, Gate-1, New Delhi-110003F. No. HRD/AD/953/1/2019-20/8434Date: 03.03.2020ORDERWith th...
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Trust allowed to invest in Co. in which NPCI holds 51% shareholding
MINISTRY OF FINANCE(Department of Revenue)[CENTRAL BOARD OF DIRECT TAXES]NOTIFICATIONNew Delhi, the 5th March, 2020INCOME-TAXG.S.R. 159(E). –In exercise of the powers conferred by clause (xii) of sub-...
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CBDT notifies Transactions not regarded as transfer U/s. 47(viiab)(d)
CBDT notifies following securities for the purposes of sub-clause (d) of clause (viiab) of section 47 of the Income-tax Act, 1961(i) foreign currency denominated bond;(ii) unit of a Mutual Fund;(iii)...
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Direct Tax Vivad Se Vishwas Bill, 2020 passed by Lok Sabha
Direct Tax Vivad Se Vishwas Bill, 2020 was Introduced in Lok Sabha on 05th February 2020 and passed by Lok Sabha with Amendments on 04th March 2020.Direct Tax Vivad se Vishwas Bill, 2020- Introduced i...