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DGGI Kolkata Zonal Unit unearths 500 Crore fraud of Fake GST Invoices
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUEDIRECTORATE GENERAL OF GOODS & SERVICES TAX INTELLIGENCEKOLKATA ZONAL UNIT, KOLKATA 4/2, KARAYA ROAD KOLKATA-700017Entrance 67 Shakespeare Sa...
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GST revamps its Help Desk, Introduces toll-free number in 12 languages for taxpayers
PRESS RELEASEGST revamps its Help Desk, Introduces toll-free number in 12 languages for taxpayers What’s New:Toll-free number10 more languages added in Help Desk InteractionsImproved Grievance Redress...
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Budget 2020: Summary of Newly Introduced TCS Provisions applicable from 01.04.2020
Nature of TransactionPerson liable to collect TCSWhen TCS will be collectedPrescribed LimitNon – ApplicabilityTCS RateRemittance out of India under the LRS (Liberalised Remittance Scheme) of RBIAn Aut...
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MCA notifies Companies (Auditor’s Report) Order, 2020
In pursuance of its objective of strengthening the corporate governance framework under the Companies Act, 2013 to attain the national objective of becoming a $ 5 Trillion economy, powers conferred un...
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Four Years Rigorous Imprisonment To Then ITO In A Bribery Case
Central Bureau of InvestigationPress ReleaseNew Delhi, 25.02.2020The Special Judge, CBI Cases, Chandigarh has sentenced Shri Rakesh Jain, then Income Tax Officer, Ward No. 3(2), Chandigarh to undergo...
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Stop Charging Interest on Gross GST Tax & Stop coercive action
Ahilya Chamber of Commerce and Industry has made a request to Prime Minister of India to instruct CBIC through Finance Ministry to stop imposing unjust interest on GROSS TAX for belated payment of tax...
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Companies (Incorporation) Amendment Rules, 2020
MCA amends Companies Incorporation Rules, SPICe+ (INC 32)/ INC 35 (AGILE PRO) notified, w.e.f. 15th February, 2020. MCA notifies the Companies (Incorporation) Amendment Rules, 2020, whereby e-Forms SP...
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SPICe+ to offer 10 services in a single web form- Read Features
MCA Secretary inaugurates SPICe+ web formSPICe+ to offer 10 services by 3 Central Government Ministries/ Departments in a single web formPosted On: 24 FEB 2020 4:15PM by PIB DelhiShri Injeti Srinivas,...
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MCA invite Comments on Competition (Amendment) Bill, 2020
Government of IndiaMinistry of Corporate Affairs(Competition Section)Invitation for Public Comments on the Competition (Amendment) Bill, 2020.Ministry of Corporate Affairs had constituted a Competitio...
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CBIC enables filing of GSTR-9 and GSTR-9C for financial year 2018-19
The Central Board of Indirect Taxes and Customs (CBIC) enabled the option to file GSTR-9 and GSTR-9C for the financial year 2018-19. GSTR-9 is an annual return to be filed yearly by taxpayers register...
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Suggest how to enhance audit independence & accountability: ICAI
ICAI invites suggestions/comments from members on Consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability by...
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Budget 2020: Important income tax provisions for employees
Budget 2020 proposed a new alternative income tax slab/rates for individual/huf assesses from Financial Year 2020-21 onwards.Assessee can choose between old and new rates.New Tax rates proposed in Bud...
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Solve GST problems faced by Trade, Industry & Tax Professionals- Request to FM
Association Of Tax Practitioners, Ernakulam has made a representation on GST problems faced by Trade and Industry and Tax Professionals. They raised the issues which includes the following-1. Unable t...
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Procedure for Selection of Best Officers in Income Tax department
F. No.275/33/2019-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesRoom No. 243-C, North Block,New Delhi,Dated 20th February, 2020To,All Pr. CCsITSubject:...
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Functionality for Demand Adjustment u/s 245 by AO in ITBA
ITBA- Assessment – Demand Adjustment by AO u/s 245 Instruction No.13DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi — 110055F.No. System/ITBA/Instructi...
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Authority to condone delay in filing Form 9/Form 10 by Charitable Institutions
Circular No. 6/2020 – Condonation of delay u/s 119(2)(b) of the IT Act, 1961 in filing of Return of Income for AY 2016-17, 2017-18 and 2018-19 and Form No. 9A and Form No. 10 – reg.F.No.197/55/2018-IT...
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Budget 2020: TCS Rate Chart (for AY 2020-21 and AY 2021-22)
SectionParticularsTCS Rates (in %) (AY 2020-21)TCS Rates (in %) (AY 2021-22)206C(1)Sale of the following: a) Alcoholic Liquor for Human Consumption1%1% b) Tendu leaves5%5% c) Timber obtained under a f...
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Suggest how to enhance audit independence & accountability: ICAI
ICAI invites suggestions/comments from members on Consultation paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability by...
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CBIC Concept Paper on Faceless e-Assessment for imported goods
Notice calling for suggestions, views, comments etc. from stakeholders on Faceless e-Assessment for imported goodsThe general public and the trade at large are hereby informed that CBIC is planning to...
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Steps to clear pendency of processing of Income Tax Returns transferred by CPC-ITR
Steps to clear the pendency of processing of Paper Returns or E-returns transferred by CPC-ITR due to verification of relief claimed u/s 90/90A or 91 of the Income Tax Act, 1961.ITBA-ITR Processing In...