News
Income Tax on proceeds from Life Insurance policy under new tax rate
Investment in Life Insurance Policy is major investment by all individuals and each person has atleast one LIC policy in...
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Exemption u/s 54 available only once in lifetime? Rs. 2 crore limit
In India investment in property is a very common thing and many people earn huge amount of money from buying...
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Income Tax department conducting the biggest raid of 2020 in Raipur!
India's biggest income tax raid (search/ survey) in the year of 2020 reaching on 4th consecutive day at Raipur in...
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Major amendment for salaried employee – Budget 2020
Our Finance Minister had announced the Budget for Financial year 2020-21 on 01.02.2020 and major amendments were announced. However in...
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Decoding Audit provision u/s 44AB amended by Budget 2020 | New tax audit limit.
In 2016 it was the first time when confusion was created between presumptive taxation u/s 44AD and Audit u/s 44AB...
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Tax in India on income earned from RSU vested in foreign countries and exemption from such income
A restricted stock unit (RSU) is a form of compensation issued by an employer to an employee in the form...
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Single GST rate for all lotteries – 28%
Currently Lottery is subject to 2 rates of GST: 12% for Lottery run by State Governments Explanation 1.- For the...
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New GST helpline number to operate all 7 days
GST Helpdesk has launched new Toll-free number and will become multi-lingual. They will be supporting 12 languages namely, Hindi, English,...
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Major Amendments by CARO 2020
MINISTRY OF CORPORATE AFFAIRS vide notification dated 25th February 2020, has published Companies (Auditor’s Report) Order, 2020. It shall apply to all...
Read moreMCA Secretary inaugurates SPICe+ web form
Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs(MCA), today inaugurated the ‘SPICe+’ Web Form here today. As part of Government...
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Official proposed amendments to Vivad se Vishwas Bill, 2020
The below mentioned amendments have been discussed in a recent video conferencing between the officials regarding various concerns raised by...
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Individuals, company and trust are receiving notice u/s 143(1)(a) – This is the reason
143(1)(a) is a notice which is issued by CPC, Bangalore the return processing department of CBDT. This notice is issued...
Read moreGSTR-2A Converter, Vendor Wise Reconciliation, Invoice wise Reconciliation and Rule 36(4) Utilities
We share with you, following very helpful Excel Utilities prepared by CA Jatan Jain, partner JPRMS & Co., Delhi, as...
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TDS on income from mutual funds – Section 194K
In the budget the Finance Minister Nirmala Sitharaman had announced that DDT would be removed as it is creating many...
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Condonation of delay u/s 119(2)(b) for Form 9A and 10 in trust cases for A.Y. 2016-17, 17-18, 18-19
CBDT vide circular 6/2020 Dt. 19.02.2020 has directed CIT to allow for condonation of delay in filing Form 9A (Application...
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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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