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EPFO updates KYC for 52.62 lakh subscribers since 1st April, 2020
Ministry of Labour & EmploymentPosted On: 03 JUN 2020 12:36PM by PIB DelhiTo extend the availability and reach of online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO...
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Draft Guidance Note on Report U/s. 92E of Income Tax Act, 1961
Inviting comments on Exposure Draft of Guidance Note on Report under Section 92E of the Income-Tax Act, 1961 (Transfer Pricing)- 02.06.2020Dear Professional Colleague,As you may be kindly aware, the C...
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ITAT E-filing portal ready for Launch post compliances
Hon’ble President of ITAT announces to all the stakeholders that the E-Filing Portal developed in the Income Tax Appellate Tribunal is ready for launch post compliance of mandatory security audit in a...
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Follow these steps to get your PAN instantly
Getting a PAN has never been this easy! All you need, is your Aadhaar number. Just visit the e-filing portal of IT Department & follow the steps provided to generate your ePAN, within minutes! Click t...
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ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20.MINISTRY OF FIN...
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CBDT notifies new Form 26AS [Annual Information Statement]
Notification No. 30/2020– CBDT notifies new Form 26AS [Annual Information Statement] pursuant to Finance Act, 2020 and amendment, inserts new Rule 114-I to be effective from June 1st and omits Rule 31...
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Section 9A Remuneration to be paid to an eligible Fund Manager
CBDT has vide notification dated 27th may 2020 amended Guidelines for application of section 9A. Section 9A contains provisions related to Certain activities not to constitute business connection in I...
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Section 10(46) exemption to Uttarakhand Environment Protection & Pollution Control Board
Notification No. 28/2020- Central Government notifies ‘Uttarakhand Environment Protection & Pollution Control Board’, Dehradun (PAN AAALU0160D), a Board constituted by the Government of Uttarakhand, i...
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Section 10(46) exemption to Cochin Special Economic Zone Authority
Notification No. 27/2020- Central Government notifies ‘Cochin Special Economic Zone Authority’, Kochi (PAN AAAGC0659L), a authority constituted by the Government of India, in respect of the specified...
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Section 10(46) exemption to Kerala Cooperative Development and Welfare Fund Board
Notification No. 26/2020- Central Government notifies ‘Kerala Cooperative Development and Welfare Fund Board’, Trivandrum (PAN AACTT3875A), a Board constituted by the Government of Kerala, in respect...
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Safe Harbour – CBDT Amends rule 10TD & Rule 10TE
CBDT vide Notification No. 25/2020-Income Tax amends rule 10TD and Rule 10TE related to Safe Harbouring.Ministry Of Finance(Department Of Revenue)(Central Board Of Direct Taxes)Notification No. 25/202...
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Section 269SU not applicable to specified person having only B2B transactions
Circular No. 12/2020F.No.370142/3512019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes****Dated: 20th May,2020Subject: Clarifications in respect of prescri...
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Atma Nirbhar Bharat- Part-5: Government Reforms and Enablers
Ministry of FinancePresentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy i...
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Merger control for IRPs: Do acquisitions of distressed firms warrant competition scrutiny?
IBBI RESEARCH INITIATIVERP-01/2020Merger control for IRPs: Do acquisitions of distressed firms warrant competition scrutiny?M. P. Ram Mohan and Vishakha RajIndian Institute of Management AhmedabadMay...
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Income Tax Reliefs announced by FM on 13th May 2020
Tax related measures announced by FM on 13th May 20201. Reduction in Rates of Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) – The TDS rates for all non-salaried payment to residents,...
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Reduced TDS / TCS Rate Chart for FY 2020-21 Pre & Post 14th May 2020
Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS)In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out o...
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Relief measures announced by FM on 13th May 2020
Ministry of FinanceFinance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19Posted On: 13 MAY 2020Rs 3...
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All about Aatmanirbhar Bharat Abhiyaan to support Indian economy
Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19Prime Minister’s VisionCal...
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New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred
Ministry of FinanceNew procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020Posted On: 09 MAY 2020 10:41AM by PIB DelhiIn view of the unprecedented humanitarian...
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Government to issue pending Income Tax/GST/Customs Refunds
Government of IndiaMinistry of FinanceDepartment of RevenueNew Delhi, the 08th April, 2020PRESS NOTE In the context of the COVID-19 situation and with a view to provide immediate relief to the busines...