ICAI extends validity of Peer Review Certificate in the wake of COVID-19
The Institute of Chartered Accountants of India ( ICAI ) has extended the validity of the Peer Review Certificate in the wake of COVID -19 spurt...
![Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-High-Court-plea-filing-tax-compliances-Taxscan.jpg "Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19 [Read Order]")
CBIC issues Guidelines for Expeditious Customs Clearance of Import of COVID-19 related Equipments or Medicaments through Courier
The Central Board of Indirect Taxes and Customs (CBIC) notified the guidelines for expeditious customs clearance of Import of COVID-19 related equipment or medicaments through Courier. The Board...
Digital Tax Threshold fixed at 2 Crores and 3 Lakh Users: CBDT Amends Rules relating to Indirect Transfer Provisions [Read Notification]
The Central Board of Direct Taxes (CBDT), on Monday notified that the threshold for digital tax would be two crores and a limit of 300,000 users for non-resident technology firms. A notification...
![Digital Tax Threshold fixed at 2 Crores and 3 Lakh Users: CBDT Amends Rules relating to Indirect Transfer Provisions [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Digital-Tax-Threshold-CBDT-Amends-Rules-Indirect-Transfer-Provisions-Taxscan.jpeg "Digital Tax Threshold fixed at 2 Crores and 3 Lakh Users: CBDT Amends Rules relating to Indirect Transfer Provisions [Read Notification]")
Confiscation permissible only when Goods Imported are Contrary to Prohibition under Customs Act, 1962: CESTAT deletes Redemption Fine, Penalty
The Customs, Excises and Service Taxes Appellate Tribunal (CESTAT), Bangalore Bench while deleting the redemption fine and penalty reiterated that the Confiscation permissible only when the goods...
No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while deleting the addition ruled that no adverse inference to be drawn if shareholders failed to respond to the notice issued by the AO. The...
![No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/shareholders-notice-AO-ITAT-Taxscan.jpg "No Adverse inference to be drawn if Shareholders failed to respond to Notice issued by AO: ITAT deletes Addition [Read Order]")
![MCA relaxes Deadlines and Additional Fee on certain Forms under Companies Act, 2013 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/MCA-Additional-Fee-Forms-Companies-Act-2013-Taxscan.jpeg "MCA relaxes Deadlines and Additional Fee on certain Forms under Companies Act, 2013 [Read Circular]")