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Recommendations of 40th GST council related to Law & Procedure
On 12th June 2020, the Union Finance Minister Nirmala Sitharaman has hosted the 40th GST Council Meeting in which the…
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CBIC issues clarification in respect of remuneration to Directors
CBIC has issued the clarification in respect of Director remuneration vide Circular No. 140/10/2020 where it has been clarified :-…
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Circular No. 139/09/2020 – Clarification on Refund related issues
In the Circular No. 125/44/2019, it has been clarified that the refund shall be granted even for those invoices which…
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Government rolls out facility of filing of NIL GST Return through SMS
Today, the Ministry of Finance has released the press release in which it has been stated that now the taxpayers…
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ICAI releases Handbooks on GST
The Institute of Chartered Accountants of India (ICAI) has released the Handbooks on the following topics:- Handbook on Advance Ruling…
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Income Tax Department notifies Income Tax Forms for AY 2020-21
The Income Tax Department has notified the Income tax forms i.e. ITR 1 to ITR 7 for AY 2020-21. To…
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Form 26AS amended notified vide Notification No. 30/2020
Section 285BB has been amended and a new rule 114 I has been inserted which states that the following information…
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Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS)
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out…
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Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19
Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs…
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