Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 assessees since 1st April, 2020 to 21st May, 2020. Income Tax refunds amounting to Rs. 14,632 crore have been issued to 15,81,906 assessees and corporate tax refunds amounting to…
11 Key Highlights of RBI Press Conference dt. 22.05.2020 RBI Governor Shaktikanta Das addressed the media at 10 am today post Finance Minister gave details of the Rs 20 lakh crore economic relief package to help the economy recover from the coronavirus pandemic. Key Highlights:…
The Council of the Institute of Company Secretaries of India has decided to reduce the number of elective papers of Professional Programme (New Syllabus - 2017) and to discontinue the following three Elective Papers/subjects from Module III of Professional Programme (New Syllabus - 2017) with…
Such a facility will ease the immediate GST burden and help MSMEs conserve cash It was only to be expected that a government that has always given importance to optics and catchy phrases would do the same, when the Prime Minister announced the ‘Atmanirbhar Bharat’…
NEW DELHI: The CBIC has asked GST risk management wing to conduct supply chain analysis to identify risky major suppliers to exporters and share it with jurisdictional field officers. The Central Board of Indirect Taxes (CBIC) had received representations from exporters saying in some cases…
Late filing of Bills of Entry (BOE) attracts late fees. Therefore, keeping in view the exigency due to outbreak of Corona Virus. Late Fees will not be charged for those Bills of Entry filed for clearance of import consignments which have arrived at ICD, TKD…
Central Board of Direct Tax has issued Circular No. 12/2020 Dated 20th May, 2020, wherein clarification has been which provides when provisions of section 269SU are not applicable. Relevant Extracts of circular: Since the prescribed electronic modes have a maximum payment limit per transaction or…
16 FAQ’S ON REDUCTION IN STATUTORY RATE OF EPF CONTRIBUTION FROM 12% TO 10% Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Circular dated 20th May 2020 providing FAQ’S ON REDUCTION IN STATUTORY RATE OF EPF CONTRIBUTION…