The Lower House of the Parliament, the Lok Sabha has passed the Finance Bill 2020 without the discussion amid the Corona Virus ( COVID-19 ) outbreak. Expenditure: The government proposes to spend Rs 30,42,230 crore...
The Ministry of Finance has notified the Direct Tax Vivad se Vishwas Act, 2020. The Direct Tax Vivad se Vishwas Act, 2020 was introduced in Lok Sabha by the Minister of Finance, Ms. Nirmala Sitharaman,...
The Government of India has introduced the Companies (Amendment) Bill, 2020 in Lok Sabha with the motive to decriminalise the procedural lapses. The Government of India with the objective to ease the Corporate Social Responsibility...
As per data of the National Crime Records Bureau (NCRB), there is a declining trend in Fake Indian Currency Notes (FICN) seized during the years 2017, 2018 and 2019. This was stated by Shri Anurag...
After Lok Sabha, the upper house of the Parliament, Rajya Sabha has also passed The Direct Tax Vivad se Vishwas Bill, 2020. The Direct Tax Vivad se Vishwas Bill, 2020 was introduced in Lok Sabha...
After Lok Sabha, the upper house of Parliament, Rajya Sabha also cleared the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 was promulgated on December 28, 2019. ...
The Central Board Direct Taxes (CBDT) has issued a clarification that cases pending before the Dispute Resolution Panel will be covered under the Vivad se Vishwas Scheme. After the introduction of ‘Vivad se Vishwas’ in...
The Lower House of Parliament, Lok Sabha has passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. Highlights of the Ordinance The Code allows creditors to initiate an insolvency resolution process if a company...
The Central Board of Direct Taxes ( CBDT ) has issued clarifications on Direct Tax Vivad se Vishwas Scheme, 2020. During the Union Budget. 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide...
The Lower House of the Parliament, Lok Sabha has passed The Direct Tax Vivad se Vishwas Bill, 2020 with Amendments. The Direct Tax Vivad se Vishwas Bill, 2020 was introduced in Lok Sabha by the...
The Finance Minister Nirmala Sitharaman has introduced the Banking Regulation (Amendment) Bill, 2020 in Lok Sabha. The bill sought to amend the Banking Regulation Act, 1949 and seeks to give the Reserve Bank of India...
The Institute of Chartered Accountants of India ( ICAI ) celebrated its 70th Annual Function on February 7, 2020, at New Delhi. The event was graced by Shri Om Birla, Hon’ble Speaker of Lok Sabha...
The Consumer Protection Act, 1986 has been enacted to better protect the interests of the consumers. It covers all goods and services and all mode of transactions including e-commerce. Under the provision of the said...
The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to simplify the process of refund of claims filed with The Investor Education...
During the last 3 years, 55 number of research reports prepared by the Market Research and Analysis Unit (MRAU) have been submitted to the Ministry of Corporate Affairs (MCA). 12 number of investigations have been...
The Lok Sabha and Rajya Sabha has passed a bill to ban E-Cigarettes, i.e, The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019. Electronic-cigarettes are battery-operated devices...
The Lower House of the Parliament, Lok Sabha today passed the Taxations Laws (Amendment) Bill, 2019. Economic developments after the enactment of the Finance (No. 2) Act, 2019 (Finance Act) along with the reduction of...
After the Lok Sabha, Rajya Sabha has also passed the Chit Funds (Amendment) Bill, 2019. The finance ministry proposed amendments to chit funds law after several alleged frauds reported over the last few years. Several innocent...
The Lower House of the Parliament, Lok Sabha today passed a bill to ban E-Cigarettes, i.e, The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Ordinance, 2019. Electronic-cigarettes are...
In a written reply to a question in Lok Sabha today, Anurag Thakur, Union Minister of State for Finance & Corporate Affairs said that, inclusion of Institute of Chartered Accountants of India (ICAI) members on...
The aim of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 is to help taxpayers, including small taxpayers, in clearing the baggage of disputes under legacy taxes (Service Tax and Central Excise), which are subsumed in...
© 2020 Taxscan | Simplifying Tax Laws
