Income Tax… Penalty for false entry or omission of entry in books of account [As introduced by Finance Act, 2020] 18 Apr 2020 Finance Act 2020 has inserted a new section 271AAD, under which penalty shall be levied on a person who is required to maintain books of account, if it is found…
Income Tax Equalisation levy on e-commerce operators [As introduced in Finance Act, 2020] 8 Apr 2020 Scope of equalisation levy The Finance Act, 2020 has extended the scope of Equalisation Levy to include consideration received or receivable for e-commerce supply or services made or facilitated by…
MCA List of Forms eligible for additional fee waiver under the Companies Fresh Start Scheme, 2020 and the LLP Settlement Scheme, 2020 6 Apr 2020 In order to give an opportunity to defaulting Companies/ LLPs and to enable them to file the belated documents in the MCA-21 registry, the Central Government has decided to introduce…
Income Tax Relaxation in issue of certificate for lower/nil deduction of TDS and TCS U/s 197 and 206(9) 31 Mar 202031 Mar 2020
MCA Press release on Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020 30 Mar 2020 In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate…
Income Tax… Highlights of FM Press Meet dated 24 March 2020 26 Mar 2020 Following are the highlights of relief measures related to statutory and regulatory compliance matters of Income Tax and Corporate Affairs in view of COVID19 outbreak announced by Finance Minister Income…
Income Tax The Direct Tax Vivad Se Vishwas Bill Tabled in Parliament 5 Feb 2020 Over the years, the pendency of appeals filed by taxpayers as well as Government has increased due to the fact that the number of appeals that are filed is much…
Income Tax UNION BUDGET 2020-21 5 Feb 2020 ➢ Budget Speech ➢ Finance Bill ➢Memorandum ➢ Notes on clauses
Income Tax CBDT issues clarification on the new provision pertaining to residence in India 5 Feb 2020 The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable to be taxed in any country or…
Income Tax CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend 5 Feb 2020 The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/unit holder.…
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