Day: July 7, 2020
CBDT notifies NPS Tier II-Tax Saver Scheme 2020 for Section 80C deduction MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 45 /2020 New Delhi, the 7th July, 2020 S.O. 2232(E).—In exercise of the powers conferred by clause (xxv) of sub-section (2) of section 80C of …
Rejection of books of accounts for non maintenance of stock register or incorrect valuation method or non compliance with accounting standard not sufficient. ABCAUS Case Law Citation:ABCAUS 3328 (2020) (07) ITAT Important case law relied upon by the parties:ACIT vs. Yerra Nagabhushanam (1997) 226 ITR 843, 849 (AP)Kunhambu …
Extension of the last date of filing of Form NFRA-2 for FY 2018-19 to 270 days from the date of deployment of the form on the website of NFRA General Circular No. 26/2020 F. No.7/39/2019-CL-IGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, …
For exemption of income u/s 10(23FE)-CBDT notifies business engaged in infrastructure sub-sectors mentioned in Updated Harmonised Master List MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 44/2020 New Delhi, the 6th July, 2020 INCOME –TAX S.O. 2227E).—In exercise of the powers conferred by item (b) …
News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry News report of Merger of CBIC and CBDT factually incorrect – Finance Ministry. Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963 The Finance Ministry has rebutted …