Key Alterations in Tax Audit Report applicable for AY 2020-21: All You Need to Know
The income tax law mandates an audit called ‘Tax Audit’. Section 44AB of the Income-tax Act, 1961 contains the provisions for the tax audit of an...
![[Breaking] GST Council allows Quarterly filing of GSTR-3B for less than 5cr Turnover](https://www.taxscan.in/wp-content/uploads/2020/10/GSTR-3B-GST-Council-Month-Returns-GST-Returns-Taxscan.jpg "[Breaking] GST Council allows Quarterly filing of GSTR-3B for less than 5cr Turnover")
![New Income Tax Faceless Assessment starts from Today: All You Need to Know [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/Income-Tax-Faceless-Assessment-Taxscan.jpg "New Income Tax Faceless Assessment starts from Today: All You Need to Know [Read Notification]")
![Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-CAG-GST-Compensation-Cess-Act-GST-Compensation-Taxscan.jpg "Central Govt violated GST Compensation Cess Act by using Funds allocated for States elsewhere, says CAG Report [Read Report]")
Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 introduced in Lok Sabha
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 introduced in Lok Sabha. The Bill was introduced by Finance Minister Nirmala Sitharaman. The Taxation and...
CBIC notifies Net Tax Liability to be Considered for Interest on Late GST Payments with effect from Sep 1, 2020 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the interest on late GST payments would be applicable only on net cash tax liability after the deduction of the available input tax...
![CBIC notifies Net Tax Liability to be Considered for Interest on Late GST Payments with effect from Sep 1, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/CBIC-Late-GST-payment-tax-liability-Interest-GST-Taxscan.jpg "CBIC notifies Net Tax Liability to be Considered for Interest on Late GST Payments with effect from Sep 1, 2020 [Read Notification]")
Professionals like Chartered Accountants, Lawyers are now eligible to avail Govt's Credit Guarantee Scheme for MSMEs
The government on Saturday expanded the scope of the scheme to include ‘individual loans given for business purposes’ within the ambit of the Emergency Credit Line Guarantee Scheme. Professionals...
