Govt. issues Sovereign Gold Bond Scheme 2020-21
The Government has issued Sovereign Gold Bond Scheme 2020-21. The Sovereign Gold…
SEBI provides additional relaxation to intermediaries for equivalent period of lock down declared by Govt.
Considering the nationwide lock down and marginal / skeleton staff strength of…
Alert for Input Service Distributors (ISDs), for data in SAVE stage in their Form GSTR 6
Changes are being made in the credit utilization criteria in Form GSTR-6,…
Challenges faced by taxpayers in GST due to COVID-19 clarified by CBIC
On account of certain challenges faced by taxpayers in adhering to compliance…
No assessee-in-default due to enhanced surcharge if transaction and payment completed by July 05, 2019
Due to increase in surcharge rate by the Finance (no. 2) Act,…
Employer is liable to deduct tax as per Sec. 115BAC only after receiving intimation from employee
CBDT has clarified that eligible employees, who are intending to opt for…
HC upholds recovery proceedings against ‘Jindal Ltd’ as genuineness of loan transaction was in serious dispute
Where proof of identity of loan depositors, capacity of creditors to advance…
Relaxations / Extensions of various Compliance Deadlines etc. provided by Department of Commerce to address Corona Pandemic Related Hardships of Exporters
In order to give relief to businesses and affected individuals amidst the…
No Basic Custom Duty on Ventilators, COVID Test Kits and Masks
In the Context of COVID-19 Situation, Considering the immediate requirement of ventilators…
CBIC implements ‘Special Refund and Drawback Disposal Drive’
To give effect to the relief announced vide Press Release dated 8-4-2020…
CBIC grants immediate processing of pending GST refund claims
CBIC has decided to process pending refund claims in order to provide…
PPF/Sukanya Samriddhi accountholder can make a single deposit for FY 2019-20 till June 30, 2020
The Govt. has relaxed the guidelines related to in Public Provident Fund…
Employee donating to ‘PM CARE FUND’ through his employer eligible to claim deduction based on Form 16
The CBDT has clarified that in case where donation is made to…
Whether UDIN is required on Provisional Financial Statements / Compilation of Information
Standard on Related Services (SRS) 4410 “Compilation Engagements” deals with the concept. Provisional…
CBDT latest clarification related to issue of TDS certificates
The income tax department has issued clarifications relating to the issue of…
CBDT Issued Guideline to Secure Your Income Tax E-filing Account from Misuse
In an advisory issued to the taxpayers, the Central Board of Direct…
Relaxation in Income-Tax Compliance in COVID-19
Income-tax, income-tax compliance, ITR date relaxation, COVID-19 pandemic, timelines for the taxpayers,…
MCA Issued COVID19 related FAQ’s on CSR Contribution
The Ministry of Corporate Affairs vide General Circular No. 15 /2020, F.…
GST applicability on Remuneration paid to directors
1. INTRODUCTION A director in a company maintains a prolific role within…
Analysis of powers of Provisional attachment of property by the GST Authorities
Facts of the Case Proceedings u/s 67 of the CGST Act had…