Tag: covid-19
Sanction of Prosecution u/s 276B set aside due to Covid-19 pandemic and TDS being deposited within three months In a recent judgment, Hon’ble Rajasthan High Court has set aside sanction of Prosecution u/s 276B as assessee suffered from Covid-19 pandemic and TDS was deposited within three months with …
CBDT prescribes conditions/records for Covid-19 related relief to employees u/s 17(2) and in Transfer of Immovable Properties u/s 56(2)(x) Section 56(2)(x) of the Income Tax Act 1961 provides for deemed sale consideration of an immovable property in the hands of the purchaser/buyer. According to the section, the difference …
Extension of last date of filing CRA-4 cost audit report for FY 2020-21 General Circular No. 15/2021 File No: 01/40/2013-CL-V (Pt.I)GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan,Dr. R.P. Road, New DelhiDated:- 10th September, 2020 ToThe DGCoAThe Cost Audit BranchAll Regional Directors,All Registrars of …
Exemption of CA Course fee for students who have lost their any parent during Covid-19 pandemic The ICAI has decided that the registration fee of CA Course at all levels including ICITSS and AICITSS would be exempted for such students who have lost their any parent during …
Govt extends custom duty exemption on Oxygen, ventilators & Covid-19 vaccine and other covid-19 related goods to 30.09.2021 MINISTRY OF FINANCE(Department of Revenue) Notification No. 41/2021-Customs New Delhi, the 30th August, 2021 G.S.R. 601(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs …
Export of COVID-19 Rapid Antigen Testing kits – Procedure and Criteria for submission and approval of applications DGFT has clarified procedure and Criteria for submission and approval of applications for export of COVID-19 Rapid Antigen Testing kits. Earlier, vide Notification No. 18/2015-20 dated 16.08.2021 it had restricted the …
Income Tax exemption to amount received for medical treatment from employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years The Government has decided to provide income tax exemption to the amount received by a taxpayer for medical treatment from an employer …
CBDT grants further extension in timelines of compliances, announces tax exemption for expenditure on Covid treatment and ex-gratia received on death due to Covid CBDT has issued Circular No. 12/2021 extending various timelines and exempting covid treatment expenditure and ex-gratia received on death due to Covid. …
Recommendations of 44th GST Council Meeting. Change in GST Rates on goods being used in Covid-19 relief and management The 44th GST Council met today under the Chairmanship of Union Finance & Corporate Affairs Minister through video conferencing . The Council decided to reduce the GST rates on …
RBI revises threshold for aggregate exposure limits of borrowing in Resolution Framework-2 for Covid-19 related stress of Individuals and Small Businesses. RBI on 5th May 2021 issued Resolution Framework-2 for Covid-19 related stress of Individuals and Small Businesses. As per the Resolution Plan, lending institutions were permitted to …
