News
Impact of corona virus on financial reporting explained by ICAI
Impact of Corona Virus on Financial Reporting: Inventory Measurement (Ind AS 2 and AS 2) In accordance with Ind AS...
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Amendment to section 194N by Finance Bill Passed in Loksabha on 23.03.2020
Earlier Section 194N was intended to deduct TDS on cash withdrawal by any person during a year above Rs. 1...
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Relief announced by FM Nirmala Sitharaman on 26.03.2020 relating to corona virus
Economic Relief Package to fight Corono Virus FM announces economic relief package says Package of Rs 1.7 lakh cr under...
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New Amendments done in Finance Bill, 2020 passed without debate in Lok Sabha
Update: Finance Bill, 2020 received assent from President on 27.03.2020 and is now an Act. Finance Bill, 2020 was presented...
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Important Direct and Indirect tax related updates from Honorable Finance Minister Video conference on 24.03.2020
In the video conference on 24.03.2020 following relief has been provided: Direct tax: Due date for filing ITR for F.Y....
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RBI to end it’s Fiscal Year 2019-20 on 30.06.2020 | Fact check | Change in Accounting year for 2019-20
Currently a news is being circulated that RBI has adopted its Financial year end as 30.06.2020 instead of 31.03.2020 for...
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GSTR 3B due date extended due to Novel Coronavirus (COVID-19) | Fake
A press release is being circulating evidencing the extension of due date for GSTR 3B for all registered tax payer...
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Last opportunity to file Income tax return for F.Y. 2018-19 | Belated return u/s 139(4) of the Income tax Act
In general terms belated return means return filed after the due date of filing return of income. However as per...
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Hon’ble Supreme Court stays HC order for non recovery of taxes or money due to corona virus
As per the reports on Economic Times and various other news websites Hon'ble Supreme court on Friday has put a...
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Allahbad high court puts a stay on all recovery and administrative procedure till 06.04.2020
Recently, Honorable Allahbad high court in a judgement Dt. 18.03.2020 has put a stay on all recovery, auction, demolition, eviction...
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ESI contribution due date extended because of corona virus
EMPLOYEES’ STATE INSURANCE CORPORATION PANCHDEEP BHAWAN, CIG MARG, NEW DELHI-110002 No.: P-11/14/Misc./1/2019-Rev. Dated: 16.03.2020 NOTICE Keeping in view the pandemic...
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Vivad se Vishawas Forms released along with rules | Forms available on E filing website
Vivad se Vishwas received assent of President on 17.03.2020 and on 18.03.2020 Forms were released by notification in the Gazette...
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Vivad se Vishwas is now an act – Received President Assent | Forms on E-filing website
Vivad se Vishwas Bill is now an act as it receives President's assent on 17.03.2020. The updated act has been...
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Income tax Appellate Tribunal (ITAT) to not function from 17.03.2020 to 27.03.2020
Amid Corona Virus epidemic and after notification of Supreme Court Dt. 13.03.2020, now the Income Tax Appellate Tribunal (ITAT) has...
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Sale of listed mutual fund by an NRI wont be liable to Income tax
Section 47 states various transaction or transfer which wont be liable for Capital gain tax. In this regard CBDT vide...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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