Monday, August 10, 2020

Newsletter

CBIC waives Late Fee for GST Returns for Three Months [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has notified that the late fee for delay in filing of the returns, GSTR-3B and GSTR-1 for the periods February, March and April...

CCI revises Guidance Notes to Form-I under the Green Channel [Read Guidelines]

The Competition Commission of India ( CCI ) has revised guidance notes to Form I with a view to incorporate the changes made in Green Channel. The revised Form I, under the...

COVID-19: ICAI appeals to contribute towards Relief Fund

With a view to strengthen the country’s fight against the corona virus pandemic, the Institute of Chartered Accountants of India ( ICAI ) has appealed its members to contribute towards the emergency...

CBI Arrests Income Tax Officer, Chartered Accountant in a Bribery Case

The Central Bureau of Investigation ( CBI )  has arrested an Income Tax Officer; an Inspector, both posted at Nagaur (Rajasthan) and a Chartered Accountant in a bribery case of Rs. 4...

Reimbursement of Equipment Lost in Hole is Capital Receipt: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the reimbursement received by the assessee-Company on account of equipment Lost in Hole is in the nature of capital...

NCLT directs to pay INR One Lakh for Revival of Struck down LLP [Read Order]

The National Company Law Tribunal (NCLT) has directed the Limited Liability Partnership ( LLP ) to pay INR 1,00,000/- for the revival of the struck down Limited Liability Partnership ( LLP ). In...

Govt notifies Special Courts to Try Offences relating to Disclosure of Particulars by Public Servants in Punjab and Haryana [Read Notification]

The Central Government, on last week issued a notification to form special Courts in Punjab and Haryana in order to try the offences relating to the disclosure of particulars by the public...

CARO 2020: All You Need to Know

In pursuance of its objective of strengthening the corporate governance framework under the Companies Act, 2013 to attain the national objective of becoming a $ 5 Trillion economy, powers conferred under sub-section...

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