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DICGC increases bank deposits insurance coverage to Rs. 5 lakhs. What type of deposits insured? Read Guide to DICGC Insurance & FAQ with examples Deposit Insurance and Credit Guarantee Corporation has increased the insurance coverage for depositors in all insured banks to ₹ 5 lakh As declared in …
Due dates specified for filing FORM GSTR-3B for Jan-Mar 2020 in a staggered manner for taxpayers having an aggregate turnover of up to rupees five Crores Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 07/2020 – Central Tax New Delhi, the …
Applicability of TDS provisions on Mutual Fund dividend. No deduction on income in the nature of capital gains-CBDT issues clarification The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of …
When all cash credits treated as turnover, capital introduction in cash and machinery purchased should also be considered out of the cash deposits – ITAT ABCAUS Case Law Citation:ABCAUS 3242 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against the order of …
Extension of last date for furnishing GST annual return/reconciliation statement FORM GSTR-9/FORM GSTR-9C for the period from 01.07.2017 to 31.03.2018. Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No.06/2020 – Central Tax New Delhi, the 3 rd February, 2020 G.S.R…..(E).–In exercise of …
The Company Secretaries (Amendment) Regulations 2020 Ministry of Corporate Affairs (MCA) has amended the Company Secretaries Regulations, 1980 which was published in compliance of the Company Secretaries Act, 1980. The Company Secretaries (Amendment) Regulations 2020 – Key Changes Misconduct by ICSI student or Trainee Under the amended Regulations, …
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land appurtenant thereto is treated as house property income ABCAUS Case Law Citation:ABCAUS 3241 (2020) (02) ITAT In the instant case, an appeal was filed by the assessee against …
Govt. Clarification-deeming Indian tax residency provisions as per Budget 2020 not to apply to bonafide workers abroad unless income is derived from Indian business/profession The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable …
Amendments made in CGST Act/ IGST Act and GST rates by the Union Budget 2020-21 Amendments carried out in the Finance Bill, 2020 will come into effect from the date when the same will be notified, as far as possible, concurrently with the corresponding amendments to the similar …
Provisions of Tax Residency in India amended. Days of stay reduced for visiting Indian Citizens/Persons of Indian Origin. Period shortened for not ordinarily residents Modification of residency provisions Section 6 of the Income Tax Act 1961 provide for different conditions/situations in which an individual is considered to be …