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Changes in Advisory on Opting-in for GST Composition Scheme for 2020-21
Advisory on Opting-in for Composition Scheme for 2020-21 – Extension of Dates in view of COVID-19 pandemicA. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates f...
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Media should not publish news based on unconfirmed matters: Ministry of Railways
Ministry of RailwaysPublication of media reports on travel protocol etc of trains passengers on resumption of train services : Advisory for MediaPosted On: 10 APR 2020During the last two days, there h...
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CBDT clarifies on Certificates for lower rate/nil TDS/TCS certificate
Order under 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS under Section 195, 197 and 206C(9).F.No. 275/25/2029- IT( B)Government of Ind...
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CBDT allows donations to PM cares fund through form 16
Notification by CBDT to allow donations to PM cares fund through employer to be allowed through form 16 when contributions made to the Fund are in the form of a consolidated payment.F. No. 178/7/2020-...
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FY 2020-21: New concessional Income tax rate
New tax structure is as follows:Annual Income New Income Tax Slab RateNil to Rs. 2.5 lakhExemptAbove Rs. 2.5 lakh to Rs. 5 lakh5%Above Rs. 5 lakh to Rs. 7.5 lakh10%Above Rs. 7.5 lakh to Rs. 10 lakh15%...
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Wearing of Mask Compulsory in Mumbai at Public Places
MUNICIPAL CORPORATION OF GREATER MUMBAINo. MGC/A/DATED 08.04.2020WHEREAS the Government of Maharashtra, in exercise of the power conferred under section 2,3 8c4 of the Epidemic Diseases Act, 1897 has...
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MCA allows companies to hold EGMs through VC or OAVM
Ministry of Corporate AffairsMCA allows companies to hold Extraordinary General Meetings (EGMs) through VC or OAVM complemented with e-Voting facility/simplified voting through registered emails.Poste...
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Immediate clearance of Pending GST, Custom & Income Tax refunds
Ministry of FinanceIT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefitAll GST & CUSTOM refunds also to be released ; to provide b...
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ITAT holds Video Conference on ‘Direct Tax Vivad Se Vishwas’
Income Tax Appellate Tribunal holds All India Video Conference on ‘The Direct Tax Vivad Se Vishwas Act, 2020’ITAT President Justice P.P. Bhatt encourages stakeholders to avail the Scheme so as reduce...
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Income Tax Act, 1961 (Finance Act, 2020): Section 115BAA
(Status as on 30th March 2020) as amended by Finance Act 2020 and as approved by the President of India on 27th March 2020.)1- Major benefits under this section:a. Income is subject to tax at 22 % plu...
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Arogya Setu is not a surveillance APP
Claim: As per a prominent newspaper, Arogya Setu will be used for surveillance. Fact: This is baseless, the App does not link user location & data with any sensitive personal data. Also, it does not m...
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EPFO Revises Instructions for rectification of Birth Records of PF Members
EPFO Issues Revised Instructions to Facilitate PF Members to Rectify their Birth RecordsIn a move to extend the availability and reach of online services in the wake of the COVID-19 pandemic, EPFO has...
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SCBA Creates New ‘SCBA Covid 19 Helpline Scheme’
The Supreme Court Bar Association has set up a plan by the name of ‘The SCBA COVID-19 HELPLINE SCHEME‘ so as to give budgetary help to individuals who are confronting troubles because of the national...
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MHA blacklists 960 foreigners involved in Tablighi Jamaat activities
Press Information BureauGovernment of India*****MHA blacklists 960 foreigners, present in India on tourist visas, for their involvement inTablighi Jamaat activities; necessary legal action to be taken...
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Booking of train tickets never stopped except for lockdown period
Rail Ministry of India has clarified on twitter that booking of reserved train tickets never stopped except for the lock down period from March 24 to April 14, 2020.CLARIFICATIONA section of Media is...
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Relax compliance of Regulation 76 of SEBI- ICSI to NSDl & CDSL
Institute of Company Secretaries of IndiaICSI:PFP: 2020March 31, 2020Shri G.V. NageswaraRaoManaging Director & CEONational Securities Depository LimitedTrade World, A wing, 4th FloorKamala Mills Compo...
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GSTN enables tax-officers keep moving despite the lockdown
Provided secured access to over 1700 tax officers from 18 States/UTs to work remotely -Shares data of applications processed during the first 10 days of lockdown-Over 20,000 registration and about 800...
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Lower or nil deduction of TDS/TCS & Submission of Forms 15G & 15H
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 04th April, 2020PRESS RELEASECBDT issues orders u/s 119 of IT Act,1961 to mitigate hardships to taxp...
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Form 15G & 15H submitted for FY 2019-20 would be valid up to 30.06.2020
To mitigate the hardships of small taxpayers, it has been decided that if a person had submitted valid Forms 15G and 15H to the Banks or other institutions for F.Y. 2019-20, then these Forms would be...
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Lower/nil rate of TDS/TCS applications to be disposed liberally by 27.04.2020
In case of pending applications for lower/nil rate of TDS/TCS for F.Y. 2019-20, the Assessing Officers have been directed to dispose off the applications through a liberal procedure by 27.04.2020, so...