Month: December 2020
Citizen Resources Information Deptt. Haryana notified u/s 138 for sharing information of income-tax assessees under DBT Scheme MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No 90/2020 New Delhi, the 15th December, 2020 S.O. 4545(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of …
Extension of time limit for making GST compliance falling between 20.03.2020 to 30.03.2021 till 30 / 31.03.2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 14th December, 2020 Notification No. 91/2020 – Central Tax G.S.R. 759(E).—In exercise of the powers conferred by …
Bank can open specific accounts stipulated under statutes / Regulations without restrictions – RBI FAQs on opening of Current Accounts RBI by its circulars dated August 6, 2020 and November 2, 2020 on the issue of Opening of Current Accounts by Banks. On a review, the RBI has …
RBI issues revised FAQs on Resolution Framework for Covid-19 related stress FAQs on Resolution Framework for Covid-19 related stress (Revised on December 12, 2020 1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the outstanding amount of debt …
Income Tax return preparation utility requires MS Excel versions 2010 / later, else use Java based software utility – Income Tax Department How to use Java based software utility available for download, where taxpayer does not have MS Excel versions 2010 or later Income Tax department has provided …
ICAI notifies dates of CA Exams Opt Out Scheme for students opted-out from November 2020 Exams ICAI has notified the next Chartered Accountant Examinations for the students who had opted-out from November 2020 Examinations and opted for November 2020 Cycle-II The dates for exam for opt out scheme …
Has restriction on number of tax audits become redundant if not infructuous in view of judgment of Madras High Court and dismissal of the SLP of ICAI? ICAI has announced that audits conducted under Section 44AD, 44ADA and 44AE of the Income tax Act, 1961 shall not be …
Third Party Invoicing in case of Preferential Certificates of Origin issued in terms of DFTP for “wholly obtained goods Circular No. 53/2020 – Customs F. No. 21000/11/2013-Director(ICD)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsInternational Customs Division Room No. 227A, North Block, New Delhi …
Govt. approves proposal of SEBI to sign Bilateral MoU between India and Financial and Commission de Surveillance du Secteur Financier (CSSF), Luxembourg The Government of India has given its approval for the proposal of Securities & Exchange Board of India (SEBI) to sign a bilateral Memorandum of Understanding …
CBDT issues 17 FAQs on UDIN -What happens when UDIN is revoked? FAQs on UDIN 1. What is Unique Document Identification Number (UDIN)? The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities …
