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4 New Functionality on GSTN Portal for Taxpayers
New Functionality on GSTN Portal for Taxpayers includes functionality for New GST Return (Trial), Opting for Composition scheme by taxpayers dealing with services (Form GST CMP 02), TDS/TCS Deductor &...
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11 Initiatives taken by MCA towards Ease of Doing Business
Initiatives taken by the Ministry towards Ease of Doing Business1. Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requir...
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Government constitutes Company Law Committee
for examining and making recommendations on various provisions and issues pertaining to implementation of the Companies ActIn line with the Government’s objective of promoting Ease of Living in the co...
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Transfer/Posting in respective grade in National e-Assessment Centre
Office Order No. 205 of 2019 and 206 of 2019 -Transfer/Posting in respective grade in the view of diversion of post under newly created NeAC – In view of the diversion of posts in the various grades o...
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Extend due date for filing audited Income tax reports / Returns
The Punjab Accountants Association requested to extend due date for uploading and filing audited tax reports by Assesses till 30th November, 2019. They have submitted the representation to Ms. Nirmala...
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Extend due date for filling tax audit reports & related Income tax returns
Western Maharashtra Tax Practitioners’ Association has requested that the due date for filling of Tax audit reports & Income tax returns falling due on 30th September be extended to 15th November 2019...
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Climate Summit for Enhanced Action: A Financial Perspective from India
AbstractClimate change is one of the most compelling global challenges. Hence, there is a call for urgent climate actions. The Intergovernmental Panel on Climate Change (IPCC) Special Report (October...
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Draft RBI Guidelines for ‘on tap’ Licensing of Small Finance Banks in Private Sector
Reserve Bank of IndiaDraft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private SectorSeptember 13, 2019I. IntroductionThe Reserve Bank had issued the Guidelines for Licensing of ‘S...
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Issue of DIN on Intimation Letter for documents uploaded manually in ITBA
Roll out of facility for System generated Document (i.e. Intimation Letter) containing Document Identification Number (DIN) for documents issued outside the system but uploaded manually in Income Tax...
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Extend last date of filing of ITR & Tax Audit Reports to 15.11.2019
Representation on Extension of last date of filing of Income Tax Returns in Audit cases & Tax Audit Reports from 30.09.2019 to 15.11.2019 by District Taxation Bar Association (Direct Taxes), Ludhiana...
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Complaint against Summoning of CA & seeking working papers by GST Dept.
All India Chartered Accountants Society has made a representation to revenue secretary Shri Ajay Bhushan Pandey against the following alleged acts of harassment and tax terrorism –1. Issuing summons t...
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CBDT notifies Rules & Forms related to Reference to Approving Panel
CBDT inserts Rule 10UD – related to Reference to the Approving Panel, 10UE – Procedure before the Approving Panel, Rule 10UF-. Remuneration for For attending the meeting of an Approving Panel and Form...
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CBDT omits Proviso to Sub-Rule (5) of Rule 2F of Income-tax Rules
Rule 2F of Income-tax Rules, 1962 provides Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. In this Rule Proviso to sub-rule (5) is b...
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Extend due date for filing Tax Audit reports and ITR to 30 November 2019
Tax Bar Association, Jodhpur made a Request for Extension of due date for filing of Tax Audit reports and Income-tax returns from 30th September 2019 to 30 November 2019 to Smt. Nirmala Sitharaman, Ho...
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FM Presentation on Measures to Boost Economic Growth
Ministry of FinanceUnion Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman’s Presentation on Measures to Boost Economic GrowthDated: 14 SEP 2019Measures toBoost Economic Growth14th Septe...
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CGST Delhi busted a racket of issuance of invoices without actual supply of goods
Racket of Issuance of Invoices Without Actual Supply of Goods Busted In DelhiCGST Delhi West and CGST Delhi North in a joint operation busted a racket of issuance of invoices without actual supply of...
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Monetary appeal filing limit not applicable to Gain through penny stocks
Special Order of Board exempting cases involving bogus Long Term Capital Gains (LTCG)/Short Term Capital Loss (STCL) through penny stocks from monetary limits specified in any Circular issued under Se...
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Selection of Case of Search Years in ITBA Assessment module
Availability of Miscellaneous Functionalities related to ‘Selection of Case of Search Year’ and ‘Relevant Search Years’ in Assessment module of Income Tax Business Application (ITBA)- reg.ITBA – Asses...
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Extend due date to file ITR & tax audit reports by one month
AIFTP has made a Request for extending the due date for submitting tax returns and tax audit reports by one month i.e. from 30.09.2019 to 31.10.2019 for A.Y. 2019-20 to Hon’ble Smt. Nirmala Sitharaman...
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Extend due date to file income tax return & tax audit report
Chamber of Tax Consultants has made Request for extension of due date for filing income tax returns and tax audit reports for AY 2019-20 due on September 30, 2019 to Shri Pramod Chandra Mody, Chairman...