CBIC has uploaded latest rules amended upto 5th May, 2020 Click here to download Rules Note: This updated version of the Rules as amended upto 3rd April, 2020 has been prepared for convenience and easy reference of the trade and industry and has no legal…
CBIC vide Circular Number 26/2020 dated 29th May, 2020 has clarified following broadly The Board has decided to further extend the facility of accepting undertaking in lieu of bond till 15th June, 2020 The Date of Submission of Bond In lieu of which the undertaking…
In this Write-up we shall be discussing about State Code and its relevance in GST Law and GST Compliance. State Code forms and integral part of GSTIN, in the Pre-GSTIN Regime also state codes were the pre-fix to Taxpayer Identification Number (TIN) of VAT Registrations. …
Under The Finance Act 2020, i.e. in Budget 2020 it has been announced that New Section 285BB will be incorporated in the Income Tax Act so as to facilitate more information in Form 26AS pursuant to this previous section 203AA shall be omitted/deleted from the…
Income-tax (10th Amendment) Rules, 2020 Notification No. 29/2020/ has been issued on 27th May, 2020 which inter-alia contains provisions and procedure as mentioned below; Remuneration to be paid by Fund to Funds Manager Definition of assets under management Management fee Specified hurdle rate FORM No.…
“INSTANT PAN THROUGH AADHAAR BASED E-KYC – DIGITAL REVOLUTION” Key highlight: FM launches facility of Instant PAN through Aadhaar based e-KYC Decoding the Circular: Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs has launched the facility for instant allotment of PAN (on near to…
Every company having foreign investment (FDI), is required to report the Reserve Bank of India. Foreign Direct Investment of upto 100% is allowed into Indian Private Limited Company and Limited company for most of the sectors. The amount of FDI into India has increased manifold…
Due to Corona virus situation Ministry of Corporate Affairs vide Notification No. G.S.R. 313(E) dated 26th May, 2020 amending Schedule VII of Companies Act, 2013 to insert contribution towards PM CARES Funds as eligible CSR activity under item no. viii, with effect from March 28,…