The co (CBDT) issued clarification in respect of direct tax under Vivad se Vishwas Act, 2020, wherein the Board has extended the timeline for making payment without additional amount till March 31, 2021. The Vivad...
The Petitioners approached the Apex Court seeking directions, in relation to the upcoming physical examinations that are being conducted by the Institute of Chartered Accountants of India (ICAI) from November 1, 2020 to November 18,...
The Bombay High Court directed the customs to allow Export of Pending Consignment of Onions with valid Shipping Bills which were presented and generated prior to 22:28:11 hours on September 14, 2020 shall be allowed...
The Security and Exchange Board of India (SEBI) notified the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2020 to amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. In the Securities and...
The Central Board of Direct Taxes (CBDT) notified the tolerance limit of 1% for wholesale traders and 3% for others under transfer pricing for Assessment Year 2020-21. The Central Government hereby notifies that where the...
The Karnataka High Court, while ruling in the favour of the assessee, Intel Capital (Cayman) Corporation held that the ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200. The assessee,...
The Institute of Chartered Accountants of India ( ICAI ) has enabled the Provisional Registration in Foundation Course after passing Class X Examination. The Competent Authority has conveyed its approval on the ICAI proposal for...
The Finance Minister Nirmala Sitharaman on Monday announced the Leave Travel Concession (LTC) Cash Voucher Scheme to stimulate consumer spending among other stimulus measures to boost the economy during the pandemic. Due to the pandemic...
The Director-General of Foreign Trade (DGFT), on Tuesday, amended the Export Policy of personal protection equipment or Masks which are either exported as part of Kits or as individuals. The DGFT in exercise of powers...
The Central Government has appointed three external members to the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) after the four year tenure of the earlier nominees ended in September. The Appointments...
The Central Government has extended the tenure of appointment of Madhabi Puri Buch as Whole-Time Member of the Securities and Exchange Board of India (SEBI) for a further period of one year beyond 04.10.2020 upto...
The central government notified October 1, 2020 as a date for enforcement of Section 13 and Section 33 of the International Financial Services Centres Authority Act, 2019. The Government in exercise of the powers conferred...
The West Bengal Authority of Advance Ruling (AAR) ruled that 5% tax applicable on supply to Wular Conservation and Management Authority. The Wular Conservation and Management Authority has awarded the applicant a contract for the...
The gross GST revenue collected in the month of September 2020 is ₹ 95,480 crore of which CGST is ₹ 17,741 crore, SGST is ₹ 23,131 crore, IGST is ₹ 47,484 crore (including ₹ 22,442...
The Central Government has notified the Foreign Contribution (Regulation) Amendment Act, 2020 for prohibiting to accept any Foreign Contribution for election candidates, editor or publisher of a newspaper, judges, government servants, members of any legislature,...
The Ministry of Corporate Affairs ( MCA ) has extended three months to Independent Directors for the inclusion of Name in Data Bank. The MCA has notified the Companies (Appointment and Qualification of Directors) Fourth...
The Finance Ministry has notified the Companies (Amendment) Act, 2020 which seeks to amend the Companies Act, 2013. The notification seeks to amend clause (52) of section 2 which elaborates on Definition of Listed company....
The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from September 25. The Insolvency & Bankruptcy Code (IBC) was suspended for a period...
Taxation on services is the major source of revenue for any Governments which they find easiest way instead of reduce their own expenses and “doctrine of divide & rule” help them. Modern taxation system designed...
The Delhi High Court rejected the plea challenging 5% GST on all varieties of fabrics falling under Chapters 50 to 63 of the Customs Tariff in furtherance of the recommendations made by the Goods and...
The Ministry of Corporate Affairs (MCA) notified (Recruitment, Salary and other Terms and Conditions of Service of Staff Car Drivers) Rules, 2020. The rules include various provisions related to application, constitution, number of posts, method,...
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