West Bengal Budget proposes Amnesty Scheme to settle Pre-GST Dues
The West Bengal State Budget 2020 has proposed an Amnesty Scheme to collect disputed taxes prior to the GST — under VAT, central sales tax and entry...
ICSI notifies Constitution of the Secretarial Standards Committee and the Auditing Standards Committee
The Institute of Company Secretaries India (ICSI) has notified inclusion of a new Professional Development Committee and has introduced the constitution of the Secretarial Standards Committee and the...
![ICSI reduces Annual Membership Fee for Physically Challenged Members [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/Annual-Membership-Fee-ICSI-Taxscan.jpg "ICSI reduces Annual Membership Fee for Physically Challenged Members [Read Notification]")
![ICSI notifies Significant Changes to ‘Fellow Members’ definition [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/CS-Company-Secretaries-Taxscan.jpg "ICSI notifies Significant Changes to ‘Fellow Members’ definition [Read Notification]")
RBI announces Exemption from Cash Reserve Ratio Maintenance for Incremental Credit Paid to Automobiles, Residential Housing, MSMEs
The Reserve Bank of India ( RBI ) has announced the exemption from cash reserve ratio (CRR) maintenance for incremental credit disbursed by them as retail loans to automobiles, residential housing,...
National Institute of Financial Management, Faridabad to be renamed as Arun Jaitley National Institute of Financial Management
The Government of India has decided to rename the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). National Institute...
Remunerations of director not violation of 40(2) if the director is a relative and expenses not proved as excessive and unreasonable: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi has held that remunerations given to a company director, who happens to be a relative do not fall as a disallowance under section 40(2) of the Income Tax...
![Remunerations of director not violation of 40(2) if the director is a relative and expenses not proved as excessive and unreasonable: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Remunerations-ITAT-Taxscan.jpg "Remunerations of director not violation of 40(2) if the director is a relative and expenses not proved as excessive and unreasonable: ITAT Delhi [Read Order]")