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Pay Your Advance Tax for F.Y. 2017-18 if not already paid by 31st March, 2018
with interest and avoid payment of excess interest on Self Assessment Tax later onTaxpayers liable to pay Advance TaxAny assessee, including salaried employee, whose tax liability for the financial ye...
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GST revenue collections for Feb 2018; 1.05 crore taxpayers registered
GST revenue collections for February 2018 (received in February/March upto 26th March) stand at Rs. 85,174 crore; Rs. 14,945 crore collected as CGST, Rs. 20,456 crore collected as SGST; Rs. 42,456 cro...
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ICAI suggests Simple User Friendly GST return filing & credit Model
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)ICAI/IDTC/2018-19/Rep/323rd March, 2018Shri Arun JaitleyHon’ble Union Minister of Financeand Chairman, Goods & Services T...
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Income Tax Offices / ASK Centres open on 29th 30th & 31st March 2018
Income Tax Offices to Remain Open on 29th, 30th and 31st March, 2018The last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is...
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Govt clarifies on requirement of furnishing Country-by Country Report
The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961.In keeping with India’s commitment to implem...
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ICAI announces scheme for retrospective restoration of membership
ANNOUNCEMENT SCHEME FOR RETROSPECTIVE RESTORATION OF MEMBERSHIPWith a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, t...
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‘RUN’ for reserving name: MCA allows two proposed names and one Resubmission
As part of the Ministry’s commitment for continuous improvement of processes and providing greater ease to stakeholders, it has been decided to permit (w.e.f 24.03.2018) two proposed names and one Res...
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EPFO Instructions for payment of erroneous contributions deposited for certain periods
For web circulation onlyEmployees’ Provident Fund Organization(Ministry of Labour & Employment, Govt. Of India)Head OfficeBhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110066www.epfindia.g...
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Aadhar based identification of pensioners under EPS 1995 – reg
Employees’ Provident Fund Organization(MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA)Head OfficeBhavishya Nidhi Bhawan, 14, Bhikaiji Came Place, New Delhi- 110066Website: www.epfindia.gov.in, w...
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Recent changes in National Pension Scheme (NPS)
Three recent changes in National Pension Scheme (NPS)Relaxation of Norms for NPSThe Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms....
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Suggestions/Concerns related to GSTN and action taken
5 Suggestions/Concerns related to GSTN and action takenUser-Friendly Goods and Services Tax Network (GSTN) Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their exper...
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Summary of GST returns filed for January, 2018 & GST collections
Goods & Services Tax (GST) collectionsThe month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Ce...
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Post GST, increasing trend in number of company registrations
After introduction of GST, increasing trend in the number of companies’ registrations, industrial activity has accelerated and growth in sales for corporates has also seen a remarkable increase Introd...
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MCA filed prosecution against 780 listed companies for non filing of Annual Returns
Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual ReturnsThe Gov...
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Tax payer is your partner, not your adversary: President to IRS Officers
President Kovind addresses officer-trainees of the 71st batch of the Indian Revenue Service at Rashtrapati Bhavan; says India’s tax to GDP ratio needs to improve, but it has to be done by persuasion,...
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Notices U/s. 142(1)(ii) & (iii) of Income Tax Act 1961 in revised format
DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055F. No. System/ITBA/Assessment/Notice 142(1)/2017-18 Dated: 19-03-2018To,All Principal Chief Co...
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Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament
The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizati...
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IBBI invites comments on draft syllabus of Limited Insolvency Examination
Insolvency and Bankruptcy Board of IndiaPress ReleaseInsolvency and Bankruptcy Board of India invites comments on the draft syllabus of Limited Insolvency Examination.The Insolvency and Bankruptcy Cod...
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Rate of interest w.e.f. 01.01.2018 to 31.03.2018 on small savings schemes
Rates of small savings schemesThe revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme f...
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Linking of SWIFT to Core Banking System to avoid misuse
Linking of SWIFT to the Core Banking SystemDepartment of Economic Affairs has apprised that in pursuance to the announcement made in the Budget Speech 2018-19 (para75), a Steering Committee on Fintech...