Category : Latest
Clarification in respect of option under section 115BAC of Income Tax Act
To download the circular, click here circular_c1_2020...
Special Refund and Drawback Disposal Drive – Implementation of decision to expedite pending refund and drawback claims
To download the Instruction, click here Instruction No 03 Customs refund...
Government decides to release Income Tax, GST and Custom refunds
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit All GST &...
Relaxation of provisions of Rule 36(4) vide Notification no. 30/2020 dated 03-04-2020
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...
ICAI releases Frequently Asked Questions on Company Fresh Start Scheme 2020
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...
ICAI releases Revised Frequently Asked Questions (FAQs) on LLP Settlement Scheme 2020
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...
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)
[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...
Notifications of extended due dates of GST returns due to COVID-19
The Central Board of Indirect Taxes and Customs (CBIC) has extended the due dates of various returns and compliance as well as waiver of interest,...
Filing of DIR 3 KYC, DIR 3 KYC Web and ACTIVE form
DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant”...
THE TAXATION AND OTHER LAWS (RELAXATION OF CERTAIN PROVISIONS) ORDINANCE, 2020
The President of India has promulgated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020 on 31-03-2020. To download the ordinance, click here...
Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today
In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and...
All about Companies Fresh Start Scheme 2020
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2020/03/COMPANIES-FRESH-START-SCHEME-2020.odt” comments=”true” SVG=”true”]...
Companies Fresh Start Scheme 2020
The Ministry of Corporate Affairs has introduced the Companies Fresh Start Scheme 2020 on 30th March 2020 vide circular no. 12/2020 To download the Circular,...
Increasing threshold of default under section 4 of IBC, 2016
The Central Government has specified the limit of Rs. 1 Crore as the minimum amount of default for the purpose of Section 4 of IBC,...
Finance Act 2020
The President of India has assented the Finance Act 2020 on 27th March 2020. To download the Finance Act 2020, click here Finance Act 2020...
Notification No. 03/2020-Central Tax Rate – Changes in GST rates
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2020/03/NN-03-2020-CT-Rate.odt” comments=”true” SVG=”true”] To download the Notification, click here NN 03-2020-CT-Rate...
Notification No. 02/2020-Central Tax – Rate on maintenance, repair and overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2020/03/NN-02-2020-CT-Rate.odt” comments=”true” SVG=”true”] To download the Notification, click here NN 02-2020-CT-Rate...
ICAI releases Accounting & Auditing Advisory on Impact of Corona Virus on Financial Reporting and the Auditors Consideration
The Institute of Chartered Accountants of India (ICAI) has released the Accounting & Auditing Advisory on Impact of Corona Virus on Financial Reporting and the...
GST due dates after Press release dated 24-03-2020
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2020/03/GST-NEW-DUE-DATES-4.odt” comments=”true” SVG=”true”]...
Hon’ble Finance Minister’s Relief Measures Announced on 26.03.2020
*FM Relief package on 26-03-2020* Package will benefit the migrant workers, women and disabled persons Package worth is Rs. 1.7 Lakh Crores Gratitude to the...