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1821 cases filed by homebuyers against builders under IBC
As per the information received from National Company Law Tribunal (NCLT), total 1,821 cases filed by homebuyers against builders since June, 2018, under the Insolvency and Bankruptcy Code (IBC) 2016,...
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Steps taken for Prevention of Fraudulent Banking Practices
The Ministry of Finance has taken number of steps to eliminate fraudulent banking practices. This was stated by Shri Anurag Thakur Minister of State for Finance & Corporate Affairs in a written reply...
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News of GSTN system not functioning are incorrect: GSTN
GSTN statement on filing of GSTR-3B (October 2019)- Dated 20th Nov. 2019New Delhi: Certain complaints made yesterday on the social media regarding GSTN system not functioning are incorrect. GSTN assur...
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How to Unblock the GSTIN for generation of e-waybill
The user will be alerted while generating e-waybills in case the entered GSTIN has not filed the Returns for the past 2 successive months as this GSTIN will be blocked for generation of e-way bills. O...
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Company Law Committee-2019 submits its report to Finance Minister
The Company Law Committee was constituted by the Ministry of Corporate Affairs in September, 2019, inter alia, to further decriminalise the provisions of the Companies Act, 2013 based on their gravity...
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CBDT notifies Form no. 16D & 26QD for TDS Payment & Return｜Section 194M
The CBDT has notified that any sum deducted under section 194M shall be paid to the credit of the Central Government within a period of thirty days from the end of the month in which the deduction is...
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Cross border Transactions and Investments (2019)
India is now one of the front runners among the developing countries for attracting FDI. Its strong and stable growth and commitment to institutional reforms has made it one of the most attractive des...
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Technical Guide on Expatriates Taxation (Revised 2019 edition)
Continuous and rapid global integration has impacted the economies of different countries differently and in a positive manner. Consequently, knowledge, experience and skills of human capital have als...
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Guidance Note on Report U/s. 92E of Income Tax Act, 1961
Globalization is not new, but the pace of integration of national economies and markets has increased substantially in recent years. It has a significant impact on a country’s corporate income tax reg...
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Income Tax Dept seizes substantial amount of cash in Tamil Nadu
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New DelhiNew Delhi, 17th November, 2019PRESS RELEASEIncome Tax Department seizes substantial amount of cash in...
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Racket of issuance of fake invoices involving GST of Rs 22 crores busted
Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and Shri Keshav Ram have been arrested in t...
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Norms of Aadhaar KYC eased for opening of bank account
Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC...
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CBI Searches At 187 Places in bank fraud cases of Rs. 7200 Crore
CBI CONDUCTS SEARCHES AT AROUND 187 PLACES ACROSS THE COUNTRY RELATED TO BANK FRAUD CASES AMOUNTING TO Rs. 7200 CRORE (APPROX.)In a large scale operation against frauds in banks, the Central Bureau of...
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Govt extends due date of Form GSTR-9 and GSTR-9C to 31.03.2020
Government extends the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31st December and for Financial Year 2018-19 to 31st...
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Corrigendum Notification No. 97/2019- Income Tax Dated: 13.11.2019
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUM Notification No. 97/2019- Income TaxNew Delhi, the 13th November, 2019S.O. 4084(E).—In the notification of the Gove...
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Empanelment of officers for promotion to Principal CIT grade for Year 2019
Immediate No.18/65/2017-EO(SM.II)Government of IndiaSecretariat of the Appointments Committee of the CabinetMinistry of Personnel, Public Grievances & PensionsDepartment of Personnel & Training******N...
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Taxing Multinationals: Unified Approach proposal is not good enough
ICRICT urges Secretariat to bring G24 proposal back to the table and to publish economic impact analysis so that the debate can be both transparent and objective. Last month, under the mandate of the...
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I-T Dept conducts search on an Educational Group in Chennai
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 11th November, 2019PRESS RELEASE Income Tax Department conducts search on an Educational Group in Che...
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I-T Dept busts a major racket of bogus billing & hawala transactions
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 11th November, 2019PRESS RELEASE Income Tax Department busts a major racket of bogus billing & hawala...
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Section 56(2)(x) CBDT grants exemption to resident of unauthorised colony
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 96/2019-Income TaxNew Delhi, the 11th November, 2019G.S.R. 836(E).— In exercise of the powers conferred by cla...