CIRCULARS Extension in relaxation under Customs laws w.r.t. submission of undertaking in lieu of bond due to extended period of lockdown In terms of CBIC Circular 17/2020-Customs dated April 03, 2020, relaxations were provided whereby requirement of submission of bond under Customs Act, 1962 was…
CBIC via twitter account has posted a press note on Waiver of Late Fees for period August 2017 till January 2020, this is an agenda of Next GST Council Meeting Full Text of the Press Note: 1. In the recent past tweets have been noticed…
Amid pressure on tax collection, the all powerful GST Council meeting is likely to be held on June 14, the first such meeting after the outbreak of COVID-19 pandemic. Tax collection has been hit due to lockdown imposed since March 25 to contain the spread…
DRAFT AUDITOR CERTIFICATE FOR DPT – 3 LATEST UPDATE ABOUT MCA E – FORM DPT-3: 1. DPT – 3 included under CFSS: The MCA has uploaded a list of 76 forms (including for companies and LLPs) for which the benefit of the Scheme can be availed.…
अर्जुन: हे माधव, प्रणाम! मेरी एक समस्या का निवारण कीजिए। कृष्ण: कहिए अर्जुन! बताइए क्या समस्या हैं? अर्जुन: माधव, मुझे यह बताए कि GST कानून के तहत एक टैक्सपेयर कितने रुपए का नकद में लेन-देन कर सकता हैं? कृष्ण: वत्स! GST कानून में नकद लेन-देन…
Income Tax Returns Forms 1 to 7 for A/Y 2020-21 Notified. 6 key changes in ITR forms for the AY 2020-2021: 1. House ownership Individual taxpayers who are joint owners of house property cannot file ITR 1 or ITR4. 2. Passport One needs to disclose the Passport…
After liberalization occurred, the government has enacted the Foreign Exchange Management Act, 1999 (FEMA). This act deals with the requirement of foreign exchange in the country. After bringing out the foreign exchange management act, the government of India has considered many changes in the amount…
The Institute of Chartered Accountants of India (ICAI) issued an advisory on 29th May, 2020 for its Members and Companies to whom CSR provisions under Companies Act, 2013 applies. In this advisory ICAI States that: Wherever the company undertakes the CSR activity through a third…