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Bhartiya Villa Salahkar Samiti (BVSS) has suggested Government to not to delete the provisions of GST Audit by audit professionals. Text of their Press Release is as follows:- Reg: suggestion not to d...

Ministry of Mines Import duty on copper scrap reduced from 5% to 2.5%, announced in Union Budget 2021-22 To boost metal recycling in the country Posted On: 03 FEB 2021 Reduction of import duty on copp...

In addition, the fast track process for mergers under the Companies Act, 2013 has also been now extended to also include mergers of Startups with other Startups and with Small companies, so that the p...

Companies (Specification of Definitions Details) Amendment Rules, 2021- Small Companies Definition- For the purposes of sub-clause (i) and sub-clause (ii) of clause (85) of section 2 of Companies Act,...

MCA amends rules 6 related to One Person Company to Convert Itself into a Public Company or a Private Company in Certain Cases and Rule 7 related to Conversion of private company into One Person Compa...

The Union Budget 2021-22 was clearly growth focused with sharp increase in capex allocation (up ~26% YoY), and outlining manufacturing as the key pillar for the economy, while rightly allowing for hig...

Ministry of Finance GOVERNMENT TO INTRODUCE SINGLE SECURITIES MARKETS CODE SUPPORT FOR DEVELOPMENT OF A WORLD CLASS FIN-TECH HUB AT GIFT-IFSC A PERMANENT INSTITUTIONAL FRAMEWORK TO BE CREATED TO PURCH...

Ministry of Finance FDI LIMIT IN INSURANCE SECTOR INCREASED FROM 49% TO 74% AND FOREIGN OWNERSHIP AND CONTROL ALLOWED WITH SAFEGUARDS ASSET RECONSTRUCTION COMPANY LIMITED AND ASSET MANAGEMENT COMPANY...

Institute of Chartered Accountants of India Dear Professional Colleagues, CA Atul Kumar Gupta President, ICAI The Council Year 2020-21 is reaching its finality very soon. As per the tradition, I will...

Auto-population of e-invoice details into GSTR-1 1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonl...

Central Bureau of Investigation Press Release CBI Registers A Case Against Two Then Superintendents of Customs & Others, and Conducts Searches Dated: 29.01.2021 The Central Bureau of Investigation has...

Govt has issued following notifications related to Excise and Custom duty to give effect to Provisions of Union Budget 2021- -Notification Nos. 02/2021-Customs to 15/2021-Customs -Notification Nos. 09...

> MSME sector as this sector is the back bone of the success of the economy & is allocated Rs. 15,700 crore for MSME. But considering the 63 Million MSME in India, this allocation is too low. > Govt;...

Rates of income-tax in respect of income liable to tax for the assessment year 2021-22 i.e. Financial Year 2020-21 In respect of income of all categories of assessee liable to tax for the assessment y...

Ministry of Finance DECRIMINALISATION OF THE LIMITED LIABILITY PARTNERSHIP (LLP) ACT, 2008 PROPOSED REVISION IN ‘SMALL COMPANIES’ DEFINITION PROPOSED EASING OF RULES IN ‘ONE PERSON COMPANIES’ FOR STAR...

India has two COVID19 vaccines made available and two more will be made accessible soon. Government is fully prepared to support the economy’s reset. The Budget2021 is based on 6 pillars. Starting wit...

Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securi...

♦ Relief to senior citizen: for 75 years and above: Having only pension and interest income: exemption from filing ITR: Paying banks will do TDS ♦ Reassessment: from 6 years to 3 years Serious tax eva...

Ministry of Finance UNION FINANCE MINISTER SAYS EVERY POSSIBLE MEASURE SHALL BE TAKEN TO SMOOTHEN THE GST CUSTOM DUTY STRUCTURE TO BE OVERHAULED, OVER 400 OLD EXEMPTIONS TO BE REVIEWED CUSTOMS DUTY HI...

Vivad se Vishwas Scheme is extended by CBDT from existing 31st day of January, 2021 to 28th day of February, 2021. MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES New Delhi,...