Tag: Press Release
HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more than Rs 5 crore With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than Rs …
No Extension of deadline of Companies Fresh Start Scheme (CFSS) and LLP Settlement Scheme. No such proposal under consideration says Minister No Extension of deadline of Companies Fresh Start Scheme and LLP Settlement Scheme says MCA MCA through the General Circular no. 12/2020 dated 30.3.2020, launched the “Companies …
82,072 assessment cases completed in faceless manner till 10th March 2021 Recently, the Central Government had introduced Faceless Assessment Scheme for income tax. As a result Income tax assessments are being done in a faceless manner. The Union Minister of State for Finance & Corporate Affairs in a …
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 …
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 …
Income Tax Department fresh raids in Delhi- NCR, Haryana, Punjab, Uttarakhand & Goa involving entry operators, intermediaries, cash handlers Income Tax Department conducts searches in Delhi- NCR, Haryana, Punjab, Uttarakhand and Goa 27 OCT 2020 10:55AM by PIB The Income tax Department has carried out a search …
Extension of due date for filing GST Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December, 2020 Extension of due dates for GST Annual Return and Reconciliation Statement for FY 2018-19 Ministry of Finance Press Release 24 OCT 2020 …
Extension of due date of Tax audit report & ITRs filing for AY 2020-21 to 31.12.2020 / 31.01.2021 Extension of due date of furnishing of Income Tax Returns and Audit Reports AY 2020-21 Read CBDT Press Release dated 30.12.2020 for further extension of due date of 31.12.2020 Click …
Misinterpretation of LTC voucher scheme benefits – Statement of Ministry of Finance Ministry of FinancePress Release 13 OCT 2020 A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece …
Finance Minister announces benefits to employees-leave encashment in lieu of LTC, Special Festival Advance Scheme Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19 Cash payment and leave encashment in lieu of one LTC during …
