Saturday, August 8, 2020

News Updates

Finance Ministry notifies Agreement for Exchange of Information between India and Marshall Islands

The Finance Ministry has notified Agreement for Exchange of Information between India and Marshall Islands. The Agreement between the Government of the Republic of India and the Government of the Republic of the...

RBI withdraws charges on NEFT, RTGS Transactions

The Reserve Bank of India ( RBI ) has withdrawn charges on NEFT, RTGS Transactions. In a Statement on Developmental and Regulatory Policies the RBI said that, “In order to provide an impetus...

Govt may extend Income Tax Returns Deadline

In the light of recent changes introduced in the Form 16, the Salary TDS Certificate, and Form 24Q (Salary TDS Return), the Government is likely to extend the due date for filing...

GST May Collection crosses Rs 1,00,289 crore

The Central Government today said that the GST collections grew 6.67 per cent to touch Rs 1 lakh crore in May, as compared to Rs 94,016 crore in the year-ago period. This is,...

GST 2.0: Punjab CM suggests 101 Reforms in existing Law

Without wasting even a day, Chief Minister of Punjab, Captain Amarinder Singh, has written to the Prime Minister Shri Narendra Modi has to the ball rolling on economic reforms by suggesting 101...

RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments

The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as well as MSME sectors. NBFCs’...

Income Tax Alert: ITR-5 available for E-filing

The income tax department has enabled the ITR-5 for e-filing by the tax payers. This income tax return is meant for firms, LLPs, AOPs (Association of persons) and BOIs (Body of Individuals). The ITR-2 Form...

GST Fraud: Top Management of M/s Manpand Beverages Ltd arrested in Fake Invoice

The Central GST Commissionerate Vadodara has arrested Top Management of M/s Manpand Beverages Ltd, Savli, Vadodara in fake invoice GST fraud. Multi locational searches were conducted on various premises of M/s Manpasand Beverages...

Most Popular