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Income Tax Relief to home buyers from deeming fiction u/s 43CA and 56(2)(x). Difference limit between circle rate & purchase price increased to 20 per cent Section 43CA of the Income Tax Act, 1961 (the Act) lays down special provision for full value of consideration for transfer of …
Revised / new conditions for FCRA registration u/s 12 (4)(b). FCRA Amendment Rules 2020 The Home Ministry has notified the Foreign Contribution (Regulation) (Amendment) Rules, 2020. The amendment has made many changes to the the Foreign Contribution (Regulation) Rules, 2011. Recently, the Ministry had amended The Foreign Contribution …
Colour TV picture tubes used in manufacture of cathode ray TVs to attract 5% Custom duty MINISTRY OF FINANCE(Department of Revenue) Notification No. 42/2020-Customs New Delhi, the 11th November, 2020 G.S.R. 705 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, …
GST e-invoicing made mandatory if turnover exceeds Rs. 100 Crores instead of Rs. 500 crores w.e.f. 01.01.2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 88/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 704(E).—In exercise of the powers conferred by sub-rule (4) of …
Extension of time limit for furnishing FORM GST ITC-for goods dispatched to job worker MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 87/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 703(E).—In pursuance of section 168 of the Central Goods and Services Tax Act, 2017 (12 …
CBIC rescinds notification specifying due dates of GSTR-3B for Oct 2020 to March 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 86/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 702(E).—In exercise of the powers conferred by section 168 of the Central Goods …
CBIC notifies Rules for deposit in electronic cash ledger for Quarterly filing of GSTR 3B MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 85/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 701(E).—In exercise of the powers conferred by section …
CBIC notifies registered persons to furnish quarterly GSTR-1 return from January, 2021 onwards MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 84/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 700(E).—In exercise of the powers conferred by proviso to sub-section (1) …
Extension of time limit for filing outward supplies details in FORM GSTR-1 for each tax periods, till 12th day of the succeeding month MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 83/2020–Central Tax New Delhi, the 10th November, 2020 …
Amended Section 39 CGST Act related to inward and outward supplies applicable from 10.11.2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 81/2020–Central Tax New Delhi, the 10th November, 2020 S.O. 4043(E).—In exercise of the powers conferred by clause (b) of sub-section (2) …
