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 Supreme Court of India suo moto modified its own guidelines dated April 6, 2020, in furtherance of the commitment to the delivery of justice, the directions were intended primarily to cover the measures which...
The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the due dates for GST Annual Return (GSTR-9) and Reconciliation Statement ( GSTR-9C) for 2018-19 to 31st December 2020. The Government has...
The Central Board of Direct Taxes ( CBDT ) has extended the due date of furnishing of Income Tax Returns and Audit Reports 31st January, 2021. In view of the challenges faced by taxpayers in...
The Institute of Cost Accountants of India ( ICMAI ) has extended the deadline for submission of online Examination Application Form for Foundation, Intermediate, and Final Course for December 2020 term of Examinations. In a...
The Ministry of Corporate Affairs (MCA) issued special measures under the Companies Act, 2013, and Limited Liability Partnership Act, 2008 in view of the COVID- 19 outbreak. The government extended minimum residence criteria relaxations for...
A new research conducted by ENV Media has found that Andar Bahar, Teen Patti and Rummy are the anchors of casual Indian entertainment—the golden cash cow of the Asian country’s growing mobile-first gaming market. Andar...
The Institute of Chartered Accountants of India (ICAI) signed the Memorandum of Understanding (MoU) with IM Ahmedabad to jointly conduct programs for Chartered Accountants (CAs). “The Memorandum of Understanding (MoU) signed between The Institute of...
The Directorate General of Foreign Trade (DGFT) has now allowed the export of all alcohol-based hand sanitizers, including alcohol-based hand sanitizers in containers with dispenser pumps. The Ministry of Commerce has issued a notification to...
The Patiala House Court granted bail to the person accused of fraudulently availing Input Tax Credit (ITC) and allegedly involved in the tax evasion to the tune of Rs. 26 Crores. It was alleged that...
The Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC), the ministerial-level committee of the International Monetary Fund (IMF)through video-conference. The...
The actor turned politician Rajinikanth moved Madras High Court against property tax demand for marriage hall demand of Rs 6.50 lakhs as property tax for his ‘Sri Raghavendra Kalyana Mandapam’, which is located in Kodambakkam,...
The Madras High Court while dismissing the writ petition against India Rating and Research Pvt. Ltd. held that the Credit Rating Agency can not discharge ‘Public Functions’ as it is not characterized as ‘State’. The...
Considering the various requests and challenges being faced by the Members of ICAI due to Covid-19, it has been decided by Professional Development Committee of The Institute of Chartered Accountants of India (ICAI) to extend...
The Reserve Bank of India (RBI) has allowed co-operative banks including urban cooperative banks to avail Interest Subvention Scheme for micro, small and medium enterprises (MSMEs), which was earlier restricted to Commercial banks alone. In...
The Institute of Chartered Accountants of India ( ICAI ) has issued the Guidelines for Examination Centres, Examination functionaries and Candidates for November 2020 CA Examinations in wake of ongoing pandemic Novel Corona Virus (Covid-19)....
The Institute of Chartered Accountants of India ( ICAI ) has reopened the Online Facility (Correction Window) for Seeking Change of Examination City for appearing in November 2020 CA Examinations. In view of the health...
The Central Board of Indirect Taxes and Customs (CBIC) has clarified the implementation of the Sea Cargo Manifest and Transhipment Regulations. The Board after considering the disruptions caused due to COVID-19 Pandemic and non-readiness of...
The Bombay High Court set aside the respondent authority’s order rejecting the application of the petitioner for issuance of a certificate. The petitioner, Vijaykumar Satramdas Lakhani is a partner in M/s. Lakhani Realty LLP. During...
The government has told the Supreme Court that it has decided to waive “interest on interest” on loans of up to Rs. 2 crore during the six-month moratorium period. The petitioner, Gajendra Sharma sought a...
© 2020 Taxscan | Simplifying Tax Laws