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Tax Exemptions to Startups
4 Major Tax Exemptions to Startups 4 Major Tax Exemptions to Startups includes Income Tax Exemption on profits under Section 80-IAC of Income Tax (IT) Act, Tax Exemption on Investments above Fair Mark...
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Govt clarifies on change in the constitution of GOM on IGST
Press Release GST Council 10.12.2019Modification in constitution of GM on IGSTNew Delhi: With reference to some news being circulated in a section of social and other media about the change in the con...
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Government amended IEPFA Rules, 2016 to simplify refund of claims
Ministry of Corporate AffairsPosted On: 09 DEC 2019 4:39PM by PIB DelhiThe Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E...
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Government designates Special Court under Black Money Law
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V)Notification No. 102/2019-Income TaxNew Delhi, the 4th December, 2019S.O. 4344(E)—In exercise of the...
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8000 taxpayers file returns in 4 days of blocking of eway bill
PRESS RELEASEBlocking of e way bill on non-tiling of GST Returns has been implemented from November 28th, 2019, The NIC Karnataka in association with GSTN has developed a module in eway bill system. w...
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INSOLVENCY AND BANKRUPTCY BOARD OF INDIA - Teaching experience cannot be classified as experience in management for IP Registration
One needs to discern the predominant nature of duties of a person to determine, if he is having experience in management. Coming to the role of manager vis-à-vis teaching professional, it may be noted...
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Income Tax search on Share Brokers unearths Illegal Gain of Rs. 5500 Crore
Ministry of FinanceIncome Tax Department conducts search & survey operations on Share Brokers/Traders across IndiaPosted On: 07 DEC 2019 6:49PM by PIB DelhiOn 3rd December 2019, the Income Tax Departm...
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Fund Manager Regime | Section 9A | Draft Rules for Comments
F No 142/15/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 5th December, 2019Subject: Framing of rules with respect of Fund Manager Regime u...
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MCA deactivates 19,40,313 Director Identification Numbers
Ministry of Corporate AffairsPosted On: 03 DEC 2019 by PIB DelhiThe Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to non-fi...
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The Taxation Laws (Amendment) Bill, 2019 as Passed by Lok Sabha
AS PASSED BY LOK SABHAON 2.12.2019Bill No. 362-C of 2019THE TAXATION LAWS (AMENDMENT) BILL, 2019ABILLfurther to amend the Income-tax Act, 1961 and to amend the Finance (No. 2)Act, 2019.BE it enacted b...
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Income Tax Department conducts searches in NCR
Ministry of FinancePosted On: 02 DEC 2019 7:17PM by PIB DelhiThe Income Tax Department conducted a search and survey action on a group having interest in infrastructure, mining and real estate. More t...
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Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 101/2019-Income TaxNew Delhi, the 29th November, 2019G.S.R. 885(E).—In exercise of the powers conferred by sec...
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Section 43(5) CBDT notifies Trading in commodity derivatives on NSE
Central Government hereby notifies M/s National Stock Exchange of India Limited (NSE) as a ‘recognised association’ for the purposeSection 43(5)(e)(iii) and consequently Trading in commodity derivativ...
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Advance Pricing Agreement (APA) -Programme of India- Annual Report (2018-19)
Central Board of of Direct Taxes, November 2019INDEXForewordThe Advance Pricing Agreement (APA) programme in India was introduced more than seven years ago. It is currently in its 7th annual cycle of...
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FAQs on Issues faced by field users in Assessment module of ITBA
Income Tax Department Department of Revenue, Ministry of Finance, Government of IndiaITBAIncome tax Business ApplicationAssessment ModuleFrequently Asked Questions (FAQs) on Issues faced by field user...
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Notification No. 99/2019-Income Tax Dated: 27th November 2019
Notification No. 99/2019-Income Tax- CBDT notifies that the organization M/s International Centre for Research in Agroforestry, South Asia Regional Programme, NASC Complex, Delhi (ICRAF) (PAN:-AATI480...
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PAN cards now printed with Enhanced Quick Response Code
ATTENTION PAN CARD APPLICANTS Features of new PAN Card design:1. Enhanced QR Code will contain Photograph & Signature of PAN applicant apart from existing information i.e., PAN, Name, Father’s Name/Mo...
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Cabinet approves Protocol between India & Chile for double tax avoidance
CabinetPosted On: 27 NOV 2019 11:16AM by PIB DelhiThe Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the signing of the Double Taxation Avoidance Agreement (DTAA) and Protoc...
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Taxation Laws (Amendment) Bill, 2019 Introduced in Lok Sabha
AS INTRODUCED IN LOK SABHABill No. 362 of 2019THE TAXATION LAWS (AMENDMENT) BILL, 2019ABILLfurther to amend the Income-tax Act, 1961 and to amend the Finance (No. 2) Act, 2019.BE it enacted by Parliam...
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Web Portal for exchange of information on Income Tax Website
Ministry of FinanceCBDT Chairman inaugurates Web Portal for exchange of information on Income Tax WebsitePosted On: 22 NOV 2019Shri P.C. Mody, Chairman, Central Board of Direct Taxes (CBDT), inaugurat...