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IT Search in group running renowned educational institutions
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 24th January, 2020PRESS RELEASESearch in group running renowned educational institutions in Tamil Nad...
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Undisclosed foreign assets of more than Rs. 1000 crore detected
Ministry of FinanceIncome Tax searches lead to detection of undisclosed foreign assets of more than Rs. 1000 crorePosted On: 24 JAN 2020 6:03PM by PIB DelhiTaking forward the mission of the Government...
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Tax Invasion is a Social Injustice to fellow citizens: Chief Justice of India
Ministry Of Law & JusticeTax Invasion is a Social Injustice to fellow citizens: Chief Justice of IndiaTax Judiciary plays an important role in resource mobilization of the country;Artificial Intellige...
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Mention specific HS codes at 8 digit level on Bill of Entry
Shifting Item from “free” category to “restricted” category by Ministry of commerce and Industry, Department of commerce, Directorate General of Foreign Trade (DGFT)i. Vide Trade Notice No.-37/2019 da...
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MCA to introduce ‘SPICe+’ form to replace existing SPICe form
(i) Stakeholders may please note that as part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web For...
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Cabinet approves Amendments in Acts dealing with GST, VAT & Excise Duty in view of merger of Dadra & Nagar Haveli and Daman & Diu
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved amendments/extension/repeal in the following Acts and Regulations dealing with Goods and Services Tax (GST), Value Add...
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News of Extension of Due Date of GSTR-1 and GSTR-3B is Fake
CBIC clarifies on Twitter that News of Extension of Due Date of GSTR-1 and GSTR-3B is Fake.Claim: Central Board of Indirect Taxes and Customs (CBIC) has further extended the GSTR-1 late fee waiver sch...
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Overwhelming Response to GSTR 3B for December 2019
GSTN has declared on twitter that 65,64,871 GSTR 3B were filed till 20th January 2020 and it thanked Taxpayer for their Overwhelming response. GSTR 3B were filed for the Month of December 2019.Message...
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Budget 2020- Increase Tax Exemption Slabs / Section 80C Deduction/ Cash Transaction Limit
Punjab Accountants Association hs requested Honourable Union Finance Minister, Ms. Nirmala Sitharaman to revise Income-tax Slab for the Financial Year 2020-21, Increase Cash transaction in a day to at...
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Section 234F Fee for delayed filing of return causing undue hardship
As we all are aware that the Finance Act, 2017 has come up with the new Section 234F. As per that section 234F, if a person who is required to furnish a return of his income u/s 139, fails to furnish...
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Printing process for Budget 2020 commences with Halwa Ceremony
Ministry of FinanceThe Halwa ceremony, marking the commencement of Budget printing process for Union General Budget 2020-21, was held here in North Block today morning in the presence of the Union Fin...
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Fix the global tax system to fix the inequality crisis: ICRICT
The inequality crisis remains unaddressed and out of control. Hundreds of millions of people are living in extreme poverty while large rewards go to those at the very top. In 2019, the world’s billion...
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CBIC clarifies on Fake new of GSTR-1 due date extension
CBCI has clarified on its Twitter handle that FORM GSTR-1 late fee waiver scheme has ended on 17th January 2020 and No further extension has been given. CBIC further clarified that a A fake tweet in t...
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GST Tax Evasion Racket with unique modus operandi unearthed
The Mumbai Central Commissionerate has unearthed a multi-crore tax evasion racket that has been found to be transporting jewellery goods without paying GST, employing a unique modus operandi.Ministry...
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Important points to be kept in mind while Filing E-Forms on MCA Portal
1. Select correct category to download e-Form for respective services, Like Form MGT-7 For Annual Return.2. Ensure that latest version of the e-forms has been downloaded from the MCA Website.3. Before...
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Increase GST Registration limit to Rs. 40 Lakh and Income Tax exemption Limit to Rs. 5 Lakh
Federation of All India Vyapar mandal has presented a Pre Budget Memorandum to Smt. Nirmala Sitharaman,Hon’ble Union Finance and Corporate Affairs Minister and suggested lots of changes in the field o...
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ICSI (Guidelines for Advertisement by Company Secretaries), 2020
ICSI Guidelines for Attire and Conduct of Company Secretaries, 2020 shall be applicable on all company secretaries appearing before any statutory body, courts, tribunals or quasi judicial bodies on be...
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ICSI (Guidelines for Advertisement by Company Secretaries), 2020
ICSI Guidance on Scale of Fees for Professional Services, 2020 contains inter alia the scope of various professional services and the guiding principles for fixing the scale of fee would ensure transp...
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ICSI (Guidelines for Advertisement by Company Secretaries), 2020
shall be applicable to all advertisements by members of the Institute rendering any advisory, consultancy or representation services whether holding Certificate of Practice issued by the Council of th...
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Himachal Pradesh Govt approves HP Legacy Cases Resolution Scheme
The Government of Himachal Pradesh has approved the Himachal Pradesh (Legacy Cases Resolution) Scheme under the Department of Excise and Taxation in the Cabinet Meeting held on 16.01.2020. The Scheme...