April, 2020 - Taxcharcha

CGST Tax Notifications GST Tax Notifications

Notification No. 37/2020-Central Tax – Seeks to give effect to the provisions of rule 87 (13) and FORM GST PMT-09 of the CGST Rules, 2017

Team Taxcharcha29/04/2020

by Team Taxcharcha29/04/20200380

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central...

Income Tax Latest

Deferring of provisions of clause 30C and 44 of Tax Audit Report – Circular No. 10/2020

Team Taxcharcha27/04/2020

by Team Taxcharcha27/04/20200424

...

Company Law Latest

MCA extends Period / Days of extension for names reserved and resubmission of forms

Team Taxcharcha23/04/2020

by Team Taxcharcha23/04/20200569

Amidst the lockdown in the country, the Ministry of Corporate Affairs has extended the time limit for names reserved and resubmission of forms....

Income Tax Latest

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act 2020

Team Taxcharcha22/04/2020

by Team Taxcharcha22/04/20200604

CBDT has released the clarification on various matters related to the applicability and procedures of the Scheme. To download the circular, click here circular no...

Company Law Latest

Relaxation to holding of AGMs by Companies whose FY has ended on 31st December 2019

Team Taxcharcha22/04/2020

by Team Taxcharcha22/04/20200452

The Ministry of Corporate Affairs (MCA) has notified the General Circular No. 18/2020 in which the relaxation has been given to the Companies whose Financial...

GST Latest

GST applicability on Remuneration to Directors

Team Taxcharcha22/04/2020

by Team Taxcharcha22/04/20200643

The Recent Advance Ruling Authority of Rajasthan in the case of Clay Crafts India Pvt. Limited decided that remuneration paid to director attracts GST under...

Income Tax Latest

Residential status of Individual under the Income Tax Act as amended by Finance Act 2020

Team Taxcharcha21/04/2020

by Team Taxcharcha21/04/20200980

Introduction The Finance Act 2020 has amended the section 6 in which the new provision of Deemed resident has been inserted and certain provisions have...

Income Tax Latest

CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19

Team Taxcharcha19/04/2020

by Team Taxcharcha19/04/20200395

In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the...

Latest

Government amends the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic

Team Taxcharcha18/04/2020

by Team Taxcharcha18/04/20200510

The Government of India has reviewed the extant Foreign Direct Investment(FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic...

Income Tax Latest

Income tax refunds worth Rs. 5204 Crores issued in last 10 days : CBDT

Team Taxcharcha18/04/2020

by Team Taxcharcha18/04/20200403

The Central Board of Direct Taxes (CBDT) today said that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth...

RBI announces second set of measures to preserve financial stability

Team Taxcharcha18/04/2020

by Team Taxcharcha18/04/20200556

“…In the midst of death life persists, in the midst of untruth truth persists, in the midst of darkness light persists.” – Mahatma Gandhi, during his...

GST Latest

Committed to help GST taxpayers in COVID-19 situations: CBIC

Team Taxcharcha18/04/2020

by Team Taxcharcha18/04/20200380

The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation....

Blogs Income Tax Latest

Decoding Section 271AAD – Penalty for false entry etc. In Books of Accounts

Team Taxcharcha17/04/2020

by Team Taxcharcha17/04/20200573

In order to curb the practice of false entries on account of false invoices in order to save the tax by the taxpayer, the Finance...

Company Law Latest

MCA releases FAQs on Companies Fresh Start Scheme (CFSS), 2020 and LLP Modified Settlement Scheme, 2020

Team Taxcharcha16/04/2020

by Team Taxcharcha16/04/20200784

The Ministry of Corporate Affairs (MCA) has issued the FAQs on Companies Fresh Start Scheme, 2020 and LLP Modified Settlement Scheme, 2020. To download the...

CGST Circulars GST GST Latest

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws

Team Taxcharcha13/04/2020

by Team Taxcharcha13/04/20200545

...

Income Tax Latest

Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No.2) Act 2019

Team Taxcharcha13/04/2020

by Team Taxcharcha13/04/20200433

...

Income Tax Latest

Clarification in respect of option under section 115BAC of Income Tax Act

Team Taxcharcha13/04/2020

by Team Taxcharcha13/04/20200785

To download the circular, click here circular_c1_2020...

GST Latest

Special Refund and Drawback Disposal Drive – Implementation of decision to expedite pending refund and drawback claims

Team Taxcharcha11/04/2020

by Team Taxcharcha11/04/20200534

To download the Instruction, click here Instruction No 03 Customs refund...

Company Law Latest

FAQs on Corporate Social Responsibility related to COVID-19

Team Taxcharcha11/04/2020

by Team Taxcharcha11/04/20200403

...

GST Income Tax Latest

Government decides to release Income Tax, GST and Custom refunds

Team Taxcharcha08/04/202008/04/2020

by Team Taxcharcha08/04/202008/04/20200585

IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit All GST &...

Blogs GST Latest

Relaxation of provisions of Rule 36(4) vide Notification no. 30/2020 dated 03-04-2020

Team Taxcharcha06/04/202006/04/2020

by Team Taxcharcha06/04/202006/04/20200587

With effect from 09-10-2019, a new rule 36(4) has been introduced in which the new manner of the input tax credit utilisation has been notified...

Company Law Latest

ICAI releases Frequently Asked Questions on Company Fresh Start Scheme 2020

Team Taxcharcha05/04/2020

by Team Taxcharcha05/04/20200538

The Institute of Chartered Accountants of India (ICAI) has released the FAQs on the Company Fresh Start Scheme 2020 in which all the queries related...

Company Law Latest

ICAI releases Revised Frequently Asked Questions (FAQs) on LLP Settlement Scheme 2020

Team Taxcharcha05/04/2020

by Team Taxcharcha05/04/20200483

The Institute of Chartered Accountants of India (ICAI) has released the revised FAQs on the modified LLP settlement scheme in which the Institute has answered...

Income Tax Latest

Relaxation in filing of applications for issue of certificates for lower rate / nil deduction / collection of TDS or TCS u/s. 195, 197 and 206C(9)

Team Taxcharcha04/04/2020

by Team Taxcharcha04/04/20200680

...

CGST Circulars GST GST Latest

Circular No. 136/06/2020 – Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)

Team Taxcharcha04/04/2020

by Team Taxcharcha04/04/20200490

[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2020/04/Circular_Refund_136_6_20201.odt” comments=”true” SVG=”true”] To download the Circular, click here Circular 136-06-2020...