Tag: Press Release
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs  The Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. …
Govt. constitutes Company Law Committee for examining and making recommendations on various provisions/issues pertaining to implementation of the Companies Act Ministry of Corporate Affairs Government constitutes Company Law Committee for examining and making recommendations on various provisions and issues pertaining to implementation of the Companies Act 18 SEP …
Threshold for TDS on cash withdrawals u/s 194N to be calculated from 1st April, 2019-Clarification. TDS to apply if Rs. 1 crore or more withdrawn upto 31st August, 2019  Ministry of Finance Press Release  Dated: 30th August, 2019 Clarification on applicability of Tax Deduction at Source …
Measures to boost Indian Economy-Presentation by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman Taxation – Ease of life for tax payers – Income tax, GST, Customs • Prefilling of IT returns• Faceless scrutiny from Vijaya Dashmi 2019• Reduction in GST returns and simplification of forms• Refund …
CBT Approved Proposal to Recommend Amendment in EPS 1995Â in 225th meeting held on 21st august, 2019 at Hyderabad In a major decision, the Central Board of Trustees (CBT) EPF in a meeting held at Hyderabad on 21 August 2019, approved the proposal to recommend for amendment in …
VVIP Chopper Scam -ITD conducted search on connected group. The group was allegedly indulged in over-invoicing of imports through Dubai based operator As per Press Release issued by the MoF, Income Tax Department conducted search action on 24th July, 2019, on a Hyderabad based group engaged in the …
The Code on Wages Bill, 2019 passed by Lok Sabha. The Code transform the old and obsolete four labour laws into more accountable and transparent ones  The Lok Sabha today passed The Code on Wages Bill, 2019. While opening the discussion for consideration and passing of the …
Undisclosed foreign assets of more than Rs. 200 crore detected by Income Tax Department apart from domestic tax evasion of more than Rs. 30 crore  Income Tax Department has recently conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (namely Delhi, …
Extension of period of relief for filing GST refund application FORM GST RFD-01A on the common portal by by relaxed validation till 30.06.2019  Corrigendum to Circular No. 45/19/2018-GST dated 30th May, 2018 Certain registered persons, while filing the return in FORM GSTR-3B for a given tax period, committed errors …
Gurugram Zone DGGI arrests two businessmen for fraudulent issuance of around Rs 40 crores of input tax credit Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Anil Kumar Jain of M/s Jatalia Global Ventures Ltd, Delhi, and Sh. Manoj …
