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Goods and Service TaxLatest News

CBIC orders Implementation of GST E-invoicing from January 1, 2021: Process & it’s Benefits

dateNov 18, 2020
timeReading Time: 4 Minutes

From 1st April 2021, the businesses whose turnover is well above Rs 100 cr would have to opt for the GST E-Invoicin...

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Goods and Service TaxLatest News

Interest on the Late GST Payment would imposed on Net Cash Tax Liability

dateNov 17, 2020
timeReading Time: 4 Minutes

CBIC has rolled out some crucial directions on the interest on the late GST payment under the purview of the CGST A...

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Latest NewsNBFC

Government Issues Directions for Interest Waiver on Loan to Borrowers

dateNov 16, 2020
timeReading Time: 4 Minutes

In a festival gift to borrowers, the Government has notified a Scheme for grant of ex-gratia payment of difference...

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Latest NewsNBFC

Government Directs Banks to Disburse Ex-Gratia Payment to Eligible Borrowers

dateNov 10, 2020
timeReading Time: 3 Minutes

The Indian government has issued a scheme for the grant of ex-gratia payment to the borrower in a specified loan ac...

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Music License
Income TaxLatest News

Income Tax Authority has a Power of Survey under section 133A as notified by CBDT

dateNov 07, 2020
timeReading Time: 2 Minutes

The Board in pursuance of the Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Act 2020...

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Latest News

Declarant can make Payment without Additional Amount under Vivad se Vishwas Act

dateNov 06, 2020
timeReading Time: 3 Minutes

The CBDT has issued clarification in respect to direct tax under Vivad se Vishwas Act, stating that the requirement...

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Income TaxLatest News

Judgement by Karnataka HC – Ground to Invoke Revisional Powers

dateNov 04, 2020
timeReading Time: 2 Minutes

The Karnataka HC in a recent judgement held that “just” insufficiency in an enquiry or inadequacy of evidence o...

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Income TaxLatest News

Overview on Income Tax (23rd Amendment) Rules, 2020

dateNov 03, 2020
timeReading Time: 3 Minutes

The Central Board of Direct Taxes has the power conferred upon them by Income Tax Act. Section 295(1) of Income Tax...

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Latest NewsTaxation

Corporate Tax Rates Slashed For Domestic Companies and Other Fiscal Reliefs

dateNov 02, 2020
timeReading Time: 3 Minutes

A Corporate Tax rate is the direct tax which is levied on the net income earned and the profit that corporate enter...

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Latest News

IRDA Announced Guidelines for Insurance Claim for the Flood Victims of Andhra Pradesh

dateOct 31, 2020
timeReading Time: 3 Minutes

Insurance Regulatory and Development Authority of India i.e. IRDA announced guidelines for insurance claim for the...

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Latest News

ITAT Decides Revenue from Distribution of Products cannot be Taxed as ‘Royalty’

dateOct 30, 2020
timeReading Time: 3 Minutes

The Income Tax Appellate Tribunal, New Delhi held that the generated revenue distribution of products cannot be tax...

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Latest NewsTaxation

Extension on Tax Audit Report due Dates and Income Tax Returns Applicable for AY 2020-21

dateOct 29, 2020
timeReading Time: 2 Minutes

Income tax audit report is an examination for an individual’s or organisation’s tax returns by agencies to veri...

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Goods and Service TaxLatest News

FM has Opened Special Window to States to Meet the GST Compensation Cess Shortfall

dateOct 29, 2020
timeReading Time: 2 Minutes

The Ministry of Finance has opened the Special Window to States for meeting the GST Compensation Cess shortfall. Un...

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FCRALatest News

NGO Seeks for Foreign Donations to open FCRA Account at SBI’s branch

dateOct 28, 2020
timeReading Time: 2 Minutes

NGOs now have to open and maintain a FCRA account in (SBI) State Bank of India's New Delhi main branch at Sansad Ma...

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