Month: March 2020

Ministry of Finance has issued an ordinance to clarify the extension of various due dates. Same has been posted on ...

There is notification being circulated wherein a rumor is being spread that Financial year has been changed from 01.04.2020 to ...

In the Budget Announced on 01.02.2020, Honorable Finance Minister had announced an amendment in TCS provision wherein TCS was required ...

Deduction under Chapter VI-A includes deduction u/s 80A to 80VV, however we are mostly aware about section 80C to 80U ...

Key highlights from RBI press meet MPC (Monetary policy committee) advanced its meeting (earlier it was scheduled on 3rd April). ...

Impact of Corona Virus on Financial Reporting: Inventory Measurement (Ind AS 2 and AS 2) In accordance with Ind AS ...

Earlier Section 194N was intended to deduct TDS on cash withdrawal by any person during a year above Rs. 1 ...

Economic Relief Package to fight Corono Virus FM announces economic relief package says Package of Rs 1.7 lakh cr under ...

Update: Finance Bill, 2020 received assent from President on 27.03.2020 and is now an Act. Finance Bill, 2020 was presented ...

In the video conference on 24.03.2020 following relief has been provided: Direct tax: Due date for filing ITR for F.Y. ...

Currently a news is being circulated that RBI has adopted its Financial year end as 30.06.2020 instead of 31.03.2020 for ...

A press release is being circulating evidencing the extension of due date for GSTR 3B for all registered tax payer ...

In general terms belated return means return filed after the due date of filing return of income. However as per ...

As per the reports on Economic Times and various other news websites Hon'ble Supreme court on Friday has put a ...

Recently, Honorable Allahbad high court in a judgement Dt. 18.03.2020 has put a stay on all recovery, auction, demolition, eviction ...