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FAQs issued by UDIN Monitoring Group of ICAI Dated 02.09.2019
FAQs issued by UDIN Monitoring Group of ICAI Dated 2nd September,20191. If UDIN could not be generated at the time of signing the Audit Reports/Certificates, what steps should I follow?It is mandatory...
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Consolidated circular for Income Tax assessment of Startups
Circular No. 22/2019Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated: 3o-August, 2019Sub: Consolidated circular for assessment of Sta...
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Synthesized text of the MLI and the India-UAE DTAA
SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI)ANDAGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA A...
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GST Revenue collection for August 2019 falls below One Lakh Crore
GST Revenue collection for August, 2019 – ₹ 98,202 crore of total gross GST revenue collected in AugustThe total gross GST revenue collected in the month of August, 2019 is ₹ 98,202 crore of which CGS...
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Clarification on applicability of TDS on cash withdrawals | Section 194N
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 30th August, 2019PRESS RELEASEClarification on applicability of Tax Deduction at Source on cash withd...
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Constitution of a Committee of Experts to examine need for Institutional framework for regulation and development of valuation professionals
No. 12/9/2019 – PIGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS5TH Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road,New Delhi-110001 Dated: 30-08-2019 ORDERSub: Constitution of a Committee...
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CBDT constitutes Cell for redressal of grievances related to Start-ups
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 30th August, 2019PRESS RELEASECBDT constitutes Start-up Cell for redressal of grievances related to S...
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Interchangeability of PAN with Aadhaar – CBDT amends Rules 114
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 59/2012New Delhi, the 30th August, 2019G.S.R. 614(E).—In exercise of the powers conferred by section 139A read...
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49.29 Lakh ITR Filed in a day without any Technical Issue- History Created
Income Tax department made history with a quantum jump in the e-filing of Income–Tax Returns With an All time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31st August 2019....
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CBI Conducts Nationwide Joint Surprise Checks in a Special Anti Corruption Drive
The Central Bureau of Investigation is today conducting a special drive on anti corruption work. Under this drive, more than 150 Joint Surprise Checks (JSCs) at various places of suspected corruption...
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CCI needs careful oversight on data to prevent amassing of power in one conglomerate
in market: NITI Aayog Vice-ChairmanThe usage of data by people in e-commerce needs a careful oversight as when combined with modern technology, it gives unprecedented market power to the platforms whi...
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FM announces merger of Public Sector Banks
Bank Merger1) Unlocking potential through consolidation, big banks with enhanced capacity to increase credit and bigger risk appetite, with national presence and global reach2) Punjab National Bank, O...
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Pune Court notified as Special under companies Act for 8 districts of Maharashtra
Court of District Judge-1 and Additional Sessions Judge, Pune- designated as special court for Pune, Ahmednagar, Kolhapur, Solapur, Satara, Sangli, Ratnagiri and Sindhudurg districts of the State of M...
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Greater Mumbai Court notified as Special under companies Act for Maharashtra except 8 districts
Presiding Officers of Court No’s. 37 and 58 of the City Civil and Sessions Court, Greater Mumbai is designated as special Court for Whole State of Maharashtra except Pune, Ahmednagar, Kolhapur, Solapu...
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Companies (Incorporation) Seventh Amendment Rules, 2019
In the Companies (Incorporation) Rules, 2014 in the annexure to the said rules, for forms RD-1 and RD GNL-5 forms shall be substituted vide Companies (Incorporation) Seventh Amendment Rules, 2019.GOVE...
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Non-Filers/Stop filers of Income Tax Returns to get Notices soon
ITBA — ITR Processing Instruction No. 8DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2,Jhandewalan Extension, – 110055, New Delhi – 110055F.No. System/ITBA/Instruction/ITR Processing/2...
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CBDT to furnish data of Appeal withdrawals to PM Office
F.No.279/Misc./M-35/2018-ITJGovernment. of IndiaMinistry of FinanceDepart went of RevenueCentral Board of Direct. TaxesRoom No. 12, 5th Floor, JeevanViharBuilding,Parliament Street, New Delhi.Dated th...
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CG extends Tenure of National Committee for promotion of Social & Economic Welfare
Central Govt further extends tenure of National Committee for promotion of Social and Economic Welfare for a further period of six months w.e.f. 1st October, 2019 i.e. till 31st March, 2020.MINISTRY O...
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CBDT notifies protocol amending India-Spain DTAA
MINISTRY OF FINANCE(Department of Revenue)NOTIFICATION No. 58/2009New Delhi, the 27th August, 2019S.O. 3079(E).—Whereas, the Protocol, amending the Convention between the Government of the Republic of...
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Order of Due date extension news is fake: CBDT
The CBDT has stated on its twitter handle that “It has come to the notice of CBDT that an order is being circulated on social media pertaining to extension of due dt for filing of IT Returns. It is ca...