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TDS and Tax on Salary | Section 192 | FY 2019-20 | AY 2020-21
CBDT has released Circular No. 40/2020 which explains provisions related to TDS on Salary under Section 192 of Income Tax Act, 1961 applicable for A.Y. 2020-21 or F.Y. 2019-20. Circular also explains...
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RTIs related to J&K UT Administration to come under CIC jurisdiction
Ministry of Personnel, Public Grievances & Pensions“RTIs related to J&K UT Administration to come under CIC jurisdiction,” says MoS Dr. Jitendra SinghNotification to be issued soon, same pattern to be...
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Pre-Budget: Mounting Fiscal Pressures
Mr. Abheek Barua, Chief Economist, HDFC Bank Ltd.HDFC Banks Treasury has recently come up with a Report on Union Budget 2020-21. In this report take a look on how the fiscal math is likely to unfold t...
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Exposure Draft of SIA 520, Auditing in an Information Technology Environment
Exposure Draft of Standard on Internal Audit (SIA) 520, Auditing in an Information Technology Environment (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 5...
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Exposure Draft of SIA 130, Risk Management
Exposure Draft of Standard on Internal Audit (SIA) 130, Risk Management (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 130RISK MANAGEMENT*The Internal Aud...
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Exposure Draft of SIA 530, Third Party Service Provider
Exposure Draft of Standard on Internal Audit (SIA) 530, Third Party Service Provider (Comments to be received by February 05, 2020)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 530THIRD PARTY SERVICE...
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ICSI Guidance Note on Prevention of Insider Trading
The act of Insider Trading does not only shake the capital markets, but also impacts the genuine Investors and the country’s economic growth. Various committees constituted by the Government have reco...
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Guidance Notes on ICSI Auditing Standards (CSAS-1 to CSAS-3)
ICSI Auditing Standards aims to support the Company Secretaries in developing auditing acumen, techniques and tools and inculcate best auditing practices while conducting the audit and promote standar...
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TDS | Cash Withdrawal above Rs. 1 Crore | National Savings Schemes
SB Order No. 02/2020F.No 109-27/2019-SBGovt. of IndiaMinistry of CommunicationDepartment of Posts(F.S. Division)Dak Bhawan, New Delhi-110001Dated: 09.01.2020To,All Head of Circles/RegionsAddl. Directo...
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Roll out of facility to provide access of ‘Closed Assessment Proceedings’
ITBA – Audit Module Instruction No. 10DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi – 110055F.No. Systems/ ITBA/Audit Module/2019-20Dated: 14/01/2020...
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Providing access of e-assessment records to Revenue Audit Party – reg
DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi – 110055F.No. Systems/ ITBA/Audit Module/2019-20Dated: 14th January 2020ToAll Principal Chief Commissio...
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Draft Guidelines on Standardization of General Clauses in Health Insurance Policy Contracts
Insurance Regulatory and Development AuthorityExposure Draft On Guidelines on Standardization of General Clauses in Health Insurance Policy ContractsIRDAI1. OBJECTIVE:The Objective of these guidelines...
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Market Study on E-commerce in India: Key Findings
Ministry of Corporate AffairsCCI Releases ‘Market Study on E-commerce in India: Key Findings and Observations’Posted On: 08 JAN 2020The Competition Commission of India (CCI) released a Report titled ‘...
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PM Chairs Meeting with various sectoral groups in a pre-budget exercise
Prime Minister’s OfficeCalls for a focussed effort from all stake holders to achieve the 5 Trillion Dollar EconomyPosted On: 09 JAN 2020 3:39PM by PIB DelhiPrime Minister Shri Narendra Modi called for...
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Fake GST invoices: CGST Surat busted a racket with 19 fake entities
CGST Surat busted a racket who with 19 fake entities issued fake invoices of Rs. 679cr value and Rs 55 Cr fake ITC and got illegal IGST refund of Rs 39cr by exporting inferior goods at inflated price....
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CBDT relaxes eligibility for filing ITR Form-1 (Sahaj) & Form-4 (Sugam)
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 09th January, 2020PRESS RELEASECBDT grants relaxation in eligibility conditions for filing of Income-...
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10 Useful Utilities at TRACES released by CPC (TDS) in Year 2019
During the past year 2019, CPC (TDS) released a host of useful utilities at TRACES, including the following-1. DIN Verification Functionality on TRACES Homepage wherein taxpayer can verify communicati...
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CBDT Amends rule 10DA and rule 10DB of Income Tax Rules
Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group – Notification No. 03/2020-Income Tax Dated: 6th J...
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New e-TDS/TCS Return Preparation Utility & FUV wef 27.12.2019
This article explains aboute-TDS/TCS Return Preparation Utility Ver. 3.0 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08, File Validation Utility (FVU) version 6.5 for quarterl...
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Applicability of Secretarial Audit Report with amendment in rules
Brief provision of applicability of Secretarial Audit Report with amendment in rules vide Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020The applicability of the...