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No Sitting of CESTAT Benches from 4 May to 15 May due to extension of Lockdown [Read Office Order]

Taxscan Team

The Custom, Excises, and Service Tax Appellate Tribunal (CESTAT), on Saturday, issued the office order under the direction of the President of India...

ICAI Constitutes Online Panel of Experts for Addressing Bank Branch Audit-Related Queries for FY...

COVID-19 Impact: ICSI urges Govt. to relax Compliance Procedures for Companies

ICAI issues Concept Paper on All About Fair Value

MCA constitutes Expert Committee to Identify issues for Extensive Utilisation of MCA-21 [Read...

Algeria waives Customs Duties and VAT on Pharmaceutical Products

Algeria has temporarily suspended the imposition of customs duties and Value-Added Tax(VAT) on the imports of pharmaceutical products and medical equipment to combat the fast-spreading novel...

algeria - pharmaceutical - vat - customs - duties - Taxscan

CMA Examinations for June 2020 postponed

The Institute of Cost Accountants of India has postponed the CMA Examinations for June, 2020 term due to the outbreak of Novel Coronavirus (COVID-19) and subsequent lockdown situation in the country. ...

ICMAI - ICMR - COVID 19 - CMA Examinations - ICMAI - Taxscan

Prime Minister holds Comprehensive Meeting to discuss strategies on Boosting Investment in India

PM Shri Narendra Modi today held a comprehensive meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the...

Meeting - Investment - strategies - Taxscan

Spain notifies Urgent Tax Measures to survive COVID-19 Crisis

Last week, Spain notified, new fiscal measures to support the economy and employment affected by the pandemic. The measures were approved by the Royal Decree-Law 15/2020. The additional measures...

China extends VAT Exemption on Small Business Loan Interest

China has prolonged the Value-Added Tax (VAT) exemptions on the interest income from loans to small businesses. The announcement affirms the extension of preferential tax policies relating to the...

ICAI unveils Exposure Draft on Interest Rate Benchmark Reform-Phase 2

The Institute of Chartered Accountants of India ( ICAI ) has unveiled the Exposure Draft on Interest Rate Benchmark Reform-Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16). ...

ITAT upholds Addition of 12.5% for taking Bills without Delivery of Goods [Read Order]

The Income Tax Appellate Tribunal (ITAT) upheld the decision of CIT(A) where 12.5% for taking bills without delivery of goods. The assessee, Vijay B Shah (HUF) is engaged in the trading of iron and...

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