Non-Central Government Employees also can now avail the benefit of income tax exemption on payment of cash equivalent of LTC fare, along the lines of the benefit made available to the Government Employees.  Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Ministry of Finance …

Manufacturing and other operations undertaken in bonded warehouses – Clarifications Circular No. 48 /2020-Custom s Central Board of Indirect Taxes & Customs************ Room no. 49, North Block ,New Delhi, dated the 27th October 2020. To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief …

  Vivad se Vishwas – Clarification on payment without additional amount where declaration is filed on or before 31.12.2020. The condition of 15-day for payment of tax after getting certificate scrapped.   F. No. IT(A)/1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct …

Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced the records ABCAUS Case Law CitationABCAUS 3415 (2020) (10) ITAT Important case law relied upon by the parties:Ramlal vs. Rewa Coalfields Ltd. AIR 1962 SC 361 Chief Post Master General and Others vs. Living Media …

Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months period to borrowers in specified loan accounts  The Government of India has announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months …

No postponement of CA November 2020 Exams. ICAI warns of fake announcement ICAI has warned students of its fake announcement of 27.10.2020 doing rounds on social media. The fake announcement is making a false assertion of the postponement of the ICAI Examination schedule. ICAI has clarified that the …