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Companies (Registration Offices and Fees) Amendment Rules, 2020
MCA has released revised form No. GNL-2 vide Companies (Registration Offices and Fees) Amendment Rules, 2020. A Company can file certain documents with the Registrar of Companies by filing this e-Form...
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CBDT revises definition of unauthorised colonies of NCT of Delhi
CBDT has vide Notification No. 12/2020-Income Tax revises definition of unauthorised colonies of NCT of Delhi for rule 11UAC read with Section Section 56(2)(x). Earlier CBDT has provided vide Notifica...
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No condonation of delay in submission of Form 18 beyond 29th Feb 2020: ICAI
Decision of the Council of the Institute regarding cut-off date for condonation of cases for the year 2020-21The Council has decided to extend the due date of submission of all forms up to 29th Februa...
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Empanelment of CA firms with CAG- Extension of the Last Date
Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2020-21Considering the difficulties faced by Chartered Accountan...
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CBIC starts capturing district-wise data or origin of export goods
Central Board of Indirect Taxes and Customs (CBIC) starts capturing district-wise data or origin of export goodsKeeping with the Hon’ble PM’s objective of turning districts into export hubs, Central B...
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Issues faced by taxpayers & tax professionals related to GST & GST Portal
All India Federation of Tax Practitioners has made a Representation on issues being faced by taxpayers and tax professionals relating to GSTN glitches and GST Act to Smt. Nirmala Sitharaman,Hon’ble Mi...
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91 to 92% Large Taxpayer filed GSTR-9/GSTR 9C by 12.02.2020: GSTN
About 91% of eligible large Taxpayers filed Annual GST Return and 92% eligible large taxpayers filed the Reconciliation Statement (GSTR-9C) by 12th Feb 2020 – 91.3% of eligible large taxpayers filed a...
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CBIC justifies Interest on delayed payment based on gross GST liability
CBIC has issued a Series of Tweet and justified interest calculation on delayed GST payment on the basis of gross tax liability. Excerpt of Tweets is as follows:-There are some discussions in social m...
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Filing of forms in Registry (MCA-21) by IRP, RP or Liquidator
General Circular No. 04/2020 F.No. 01/02/2019- CL-VGovernment of IndiaMinistry of Corporate Affairs5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi-1.Dated: 17.02.2020ToAll Regi...
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Nidhi (Second Amendment) Rules, 2020
Government of IndiaMinistry of Corporate AffairsNOTIFICATIONNew Delhi, the 14 February, 2020G.S.R. 114(E).- In exercise of the powers conferred by sub-section (1) of section 406 read with sub-sections...
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Companies (Issue of Global Depository Receipts) Amendment Rules, 2020
Government of IndiaMinistry of Corporate AffairsNotificationNew Delhi, the 13th February, 2020G.S.R. 111(E).- In exercise of the powers conferred by section 41 read with section 469 of the Companies A...
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Budget 2020: A company can avail lower tax rate by filing following forms
The Central Board of Direct Taxes (CBDT) has notified Forms 10-IC and 10-ID vide Notification No. 10/2020 dated 12-02-2020 for existing companies that want to avail lower Income tax rate and new manuf...
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Budget 2020: Tax Collected at Source
Section 206C of the income tax Act has been proposed to be amended by Finance Bill 2020. Section 206C deals with TCS (Tax Collected at Source). Budget 2020 has proposed to insert Sub-Section 1G and 1H...
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No condonation of delay in submission of Form 18 beyond 29th Feb 2020: ICAI
Decision of the Council of the Institute regarding cut-off date for condonation of cases for the year 2020-21The Council has decided to extend the due date of submission of all forms up to 29th Februa...
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Empanelment of CA firms with CAG- Extension of the Last Date
Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2020-21Considering the difficulties faced by Chartered Accountan...
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Draft Committee report on CA Exam Processes & Regulations
The Institute of Chartered Accountants of IndiaAnnouncement14th February, 2020Draft report of the High Level Independent Committee on Exam Processes and RegulationsICAI had on 26th September 2019, con...
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Rule 114AAA: PAN to become inoperative on failure to furnish Aadhaar
CBDT notifies Income Tax Rule 114AAA prescribing that permanent account number (PAN) will become inoperative if a person, who has been allotted PAN as on the 1st day of July, 2017 and is required to i...
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Forms for exercise of Lower Income Tax rate option for Companies released
Section 115BAA deals New tax rate for domestic companies and Section 115BAB deals with Corporate tax rate for new manufacturing companies for Financial Year 2019-20 onwards. Now CBDT has released FORM...
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CJMs of UT of J&K Designated as Special Court under Black Money law
CBDT designates Courts of Chief Judicial Magistrates (CJM) of the Union Territory of Jammu and Kashmir (UT of J&K) as Special Courts for the purposes of section 280A of the Income tax Act, 1961 and se...
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FASTag to be available free of charge for 15 days
In order to further increase digital collection of user fee via FASTag at NH fee plazas, National Highways Authority of India (NHAI) has decided to waive off the FASTag cost of Rs.100/- for NHAI FASTa...