Tax Professionals Body suggests govt. not to delete the provisions of GST Audit by Audit Professionals
The Tax Professionals Body Bhartiya Vitta Salahakar Samiti (BVSS) in the press release suggest the government not to delete the provisions of “GST...
![ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-source-of-cash-deposit-bank-account-demonetization-Taxscan.jpg "ITAT upholds Addition since assessee failed to explain the source of Cash Deposit in her Bank Account during Demonetization period [Read Order]")
![CBIC notified Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/CBIC-Customs-Import-of-Goods-Concessional-Rate-of-Duty-Amendment-Rules-Taxscan.jpg "CBIC notified Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021 [Read Notification]")
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption of Agriculture Infrastructure and Development Cess on blended fuels. The Central Government being satisfied that it is...
![Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-CBIC-Agriculture-Infrastructure-Development-Cess-on-blended-fuels-Taxscan.jpg "Budget 2021: CBIC exempts Agriculture Infrastructure and Development Cess on blended Fuels [Read Notification]")
Supreme Court to hear plea seeking to direct the Institute of Cost Accountants of India to use acronym ICOAI and not ICAI [Read Petition]
The Supreme Court heard a plea seeking to direct the Institute of Cost Accountants of India to use the acronym ICOAI and not ICAI. The petitioner, CA V.Venkata Sivakumar is a gold medalist in...
Budget 2021: Govt. suspends Anti-Dumping Duty on Imports of Steel Products from various nations including China [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the revocation of anti-dumping duty on various steel products. Firstly, the government announced in its annual budget that it would...
![Budget 2021: Govt. suspends Anti-Dumping Duty on Imports of Steel Products from various nations including China [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-anti-dumping-duty-imports-of-steel-products-nations-China-Taxscan.jpeg "Budget 2021: Govt. suspends Anti-Dumping Duty on Imports of Steel Products from various nations including China [Read Notification]")
![Budget 2021: Govt proposes Agricultural Infrastructure Cess on Petrol, Diesel [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Budget-2021-agricultural-infrastructure-cess-petrol-diesel-Taxscan.jpg "Budget 2021: Govt proposes Agricultural Infrastructure Cess on Petrol, Diesel [Read Notification]")
MCA changes definition of 'Small Companies', raises threshold for paid-up Capital from Rs. 50 lakhs to Rs. 2 cr. [Read Notification]
The Ministry of Corporate Affairs has notified announcing the change of definition of ‘small company’. The change was proposed by Finance Minister Nirmala Sitharaman while presenting the Union Budget...
![MCA changes definition of Small Companies, raises threshold for paid-up Capital from Rs. 50 lakhs to Rs. 2 cr. [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/MCA-Small-Companies-Authorised-Capital-paid-up-Capital-Taxscan.jpg "MCA changes definition of Small Companies, raises threshold for paid-up Capital from Rs. 50 lakhs to Rs. 2 cr. [Read Notification]")
![MCA notifies Start-up companies to enter into scheme of Merger and Amalgamation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/MCA-Start-up-companies-scheme-of-Merger-Amalgamation-Taxscan.jpg "MCA notifies Start-up companies to enter into scheme of Merger and Amalgamation [Read Notification]")