Tag: Press Release
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 TDS to apply if Rs. 1 crore or more withdrawn upto 31st August, 2019 Ministry of Finance Press Release Dated: 30th August, 2019 Clarification on applicability of Tax Deduction at Source …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 1995 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 …
Key Highlights of Union Budget 2019-20. 10-point Vision for decade & towards 5 Trillion $ Economy The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget …
GST threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. …