Gift, as we had discussed in our earlier post, that it is out of natural love and affection, without consideration...

Recently the due date for applying to Vivad se vishwas - dispute resolution scheme has been extended to 31.12.2020 and...

Are you a professional using your savings bank account to send money outside India to freelancer who work for you...

CBIC had announced quarterly system of GSTR 3B by way of amendment to GST rules. Later, a notification was issued...

With increasing number of documents to be signed and increasing digitalization of forms, digital signature was a necessity and in...

Arrangement of the Discounted Diagnostic and Related Healthcare Tests for the Members of ICAI & their dependents : An initiative...

Certain notified taxpayers have been preparing and issuing invoices (i.e. for business with turnover above Rs. 500 crore and for...

CBIC vide notification 89/2020 - CGST, dt. 29.11.2020 has waived penalty for non-compliance with the requirement of QR code on...

The last date for payment of membership fees to ICAI was 30.11.2020. However today ICAI has extended such due date...

In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of...

Gift in simple terms means receiving anything without consideration. This is a very common thing where people receive gifts from...

Instruction No. 4/3/2020-GST CBEC-20/13/06/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs...

In our earlier post we have mentioned that it will be mandatory to now validate UDIN within 15 days of...

CBDT has revised instruction sheet for ITR 2 to 7 on 22.11.2020. Instruction sheets of the ITR helps one in...

A new section 194-O was introduced in Income Tax act by Budget 2020. We have discussed the section in detail...