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Posted Date : 05-Oct-2020 , 09:35:26 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman will chair the 42nd GST Council meeting through video conferencing in New Delhi today. The meeting will be attended by Minister of State for Finance Anurag Thakur and Finance Ministers of States and Union Territories. In the last meeting of GST council, Centre ...
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Posted Date : 02-Oct-2020 , 10:51:46 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 6 crore on National Stock Exchange (NSE) for buying stakes in unrelated businesses without its approval. The country's largest stock exchange has invested in companies including Power Exchange India (PXIL), Computer...
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Posted Date : 02-Oct-2020 , 10:41:45 am | Posted By CASANSAAR
Ministry of Finance has said that the gross Goods and Services Tax, GST revenue collection in the month of September stood at 95 thousand 480 crore rupees. The revenue collection in September is the highest so far during this fiscal. Out of total GST collection, Central GST is 17 thousand 7...
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Posted Date : 01-Oct-2020 , 10:50:02 am | Posted By CASANSAAR
The RBI has excluded six public sector banks, including OBC and Allahabad Bank, from the Second Schedule of the RBI Act following their merger with other banks. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank....
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Posted Date : 01-Oct-2020 , 10:47:36 am | Posted By CASANSAAR
There are reports in certain sections of media wherein certain doubts have been raised regarding the applicability of the provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. This press note is being issued to clarify those doubts about the applic...
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Posted Date : 01-Oct-2020 , 10:44:55 am | Posted By CASANSAAR
Central Board of Indirect Tax and Customs (CBIC) has said that Businesses will have 30 days' time to generate e-invoice for Business to Business transactions for the month of October, 2020. Under the Goods and Services Tax (GST) law, companies with turnover of over 500 crore rupees will...
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Posted Date : 30-Sep-2020 , 06:12:30 pm | Posted By CASANSAAR
On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020.Order u/s 119(2a) issued. https://twit...
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Posted Date : 30-Sep-2020 , 12:56:23 pm | Posted By CASANSAAR
After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020. Tweet from CBIC...
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Posted Date : 30-Sep-2020 , 08:27:34 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) on September 29 issued a detailed clarification pertaining to the new TDS/TCS provisions set to be applicable from October 1, 2020, onward. The Finance Act, 2020, widens the scope of TCS provisions to cover the sale of goods, sale of overseas tour packages...
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Posted Date : 30-Sep-2020 , 08:09:28 am | Posted By CASANSAAR
M&C-MSS Section The Institute of Chartered Accountants of India 29th September, 2020 IMPORTANT ANNOUNCEMENT The Council of ICAI considering the request from Members at large has decided to extend the last date for payment of Membership/ COP fee from 30th September, 2020 to...
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Posted Date : 29-Sep-2020 , 09:54:16 am | Posted By CASANSAAR
More than 82 per cent of individual taxpayers faced TDS mismatch problems during the last three years resulting in disallowance of refund and the creation of avoidable harassment of taxpayers, the latest CAG report on the Department of Revenue has pointed out. The apex audit body in its report ta...
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Posted Date : 27-Sep-2020 , 10:27:22 am | Posted By CASANSAAR
सà¤à¥€ कर सलाहकार (CA, CS, CMA, Advocate and others) कल 27-9-20 सà¥à¤¬à¤¹ 11 बजे से शाम 5 बजे के बीच मे अप...
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Posted Date : 26-Sep-2020 , 09:52:53 am | Posted By CASANSAAR
The Income Tax Department has launched Faceless Income tax Appeals. In a statement, the Central Board of Direct Taxes (CBDT) said, under it, all income tax appeals will be finalised in a faceless manner with the exception of appeals relating to serious frauds, major tax evasion, sensitive and search...
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Posted Date : 25-Sep-2020 , 10:13:34 am | Posted By CASANSAAR
The Centre on Thursday suspended the operation of the Insolvency and Bankruptcy Code (IBC) by another three months to protect companies in distress from being dragged into bankruptcy tribunals in view of the crisis. The ministry of corporate affairs said the suspension of the Code, issued initial...
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Posted Date : 24-Sep-2020 , 10:09:50 am | Posted By CASANSAAR
Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1 lakh crore to more than 32.07 lakh taxpayers between 1st April 2020 to 22nd September 2020. The I-T refunds of Rs 31,856 crore were issued in 30,29,681 cases and corporate tax refunds of Rs 79,517 crore have been issued in 1,76,...
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Posted Date : 23-Sep-2020 , 09:33:08 am | Posted By CASANSAAR
The Rajya Sabha on Tuesday passed the Banking Regulation (Amendment) Bill, 2020, that aims to bring co-operative banks under the regulatory framework of the Reserve Bank of India (RBI). Finance minister Nirmala Sitharaman said the amendments have been brought with singular objective of protecting...
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Posted Date : 22-Sep-2020 , 09:38:22 am | Posted By CASANSAAR
GST-registered businesses will soon get pre-filled Return form, GSTR-3B, GST Network chief executive officer Prakash Kumar said on Monday. "We are moving towards providing taxpayers with a pre-filled GSTR-3B form so that they can pay their taxes at ease. To start with, an option to edit the ...
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Posted Date : 22-Sep-2020 , 09:30:47 am | Posted By CASANSAAR
Parliament passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, with Lok Sabha passing it with a voice vote today. Earlier, Rajya Sabha had passed the bill on Saturday. The bill amends the Insolvency and Bankruptcy Code, 2016 which provides a time bound process for resolving i...
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Posted Date : 21-Sep-2020 , 09:32:05 am | Posted By CASANSAAR
The government on Sunday sought to make provisions of the Foreign Contribution Regulation Act (FCRA), 2011 more stringent through a bill that proposes to include “public servants” in the prohibited category, decrease administrative expenses through foreign funds by an organisation to 20%...
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Posted Date : 21-Sep-2020 , 09:25:18 am | Posted By CASANSAAR
The total number of taxpayers who have opted for the Direct Tax Vivad Se Vishwas Act since its enactment is 35,074 through Form-1 (Declaration under the scheme) that have been submitted till 8th September, 2020. This was stated by Shri Anurag Singh Thakur, Union Minister of State...
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Posted Date : 20-Sep-2020 , 10:51:40 am | Posted By CASANSAAR
Rajya Sabha on Saturday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, which seeks to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020. This ordinance, which was promulgated on June 5, had prohibited the initiation of insolvency proceedings for defa...
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Posted Date : 20-Sep-2020 , 10:47:02 am | Posted By CASANSAAR
Lok Sabha on Saturday passed a taxation bill that seeks to provide various reliefs in terms of compliance requirements for taxpayers amid the coronavirus pandemic. The reliefs include extending deadlines for filing returns and for linking PAN and Aadhaar. The Taxation and Other Laws (Relaxation a...
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Posted Date : 20-Sep-2020 , 10:43:35 am | Posted By CASANSAAR
Lok Sabha on Saturday passed a bill to further amend the Companies Act and decriminalise various compoundable offences as well as promote ease of doing business in the country. The Companies (Amendment) Bill, 2020 seeks to decriminalise various penal provisions, permit direct overseas listing of ...
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Posted Date : 20-Sep-2020 , 10:40:22 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has notified and deployed a web-form namely ‘SPICe+’ (pronounced SPICe Plus) vide notification no. GSR 128 dated 18.02.2020 (effective from 23.02.2020) as a part of Government of India’s Ease of Doing Business (EODB) initiatives. This w...
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Posted Date : 19-Sep-2020 , 10:00:11 am | Posted By CASANSAAR
Sebi on Friday invited applications from individuals and entities to be empanelled as Securities Market Trainers (SMARTs) to shore up the regulator's investor education initiative amid growing retail participation in the capital markets. Noting that an educated investor is a "protected i...
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Posted Date : 18-Sep-2020 , 10:01:55 am | Posted By CASANSAAR
British Columbia invited 407 immigration candidates through a provincial nominee program draw held on September 15, 2020. The new invitations went to candidates from the Skills Immigration (SI) and Express Entry BC (EEBC) streams, specifically the Skilled Worker, International Graduate as well as...
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Posted Date : 18-Sep-2020 , 09:51:49 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has prescribed five broad parameters for compulsory selection of returns for complete scrutiny under faceless assessment for FY 2020-21. The Board has clarified various situations and the parameters basis which the cases would be selected for scrutiny, and...
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Posted Date : 17-Sep-2020 , 10:15:28 am | Posted By CASANSAAR
The Government of Canada issued 4,200 invitations to apply for Canadian Permanent Residence to Express Entry candidates in a draw held on September 16. The new Express Entry round issued invitations to candidates with Comprehensive Ranking System (CRS) scores of 472. This is three points less tha...
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Posted Date : 17-Sep-2020 , 10:01:16 am | Posted By CASANSAAR
Considering the deteriorating condition of cooperative banks in the country, Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020. The Bill proposes amendments to the Banking Regulation Act, 1949. With this new Bill, the central government aims to bring cooperative banks under...
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Posted Date : 17-Sep-2020 , 09:56:47 am | Posted By CASANSAAR
Income Tax Department has issued refunds of over Rs. 1,06,000 crore to more than 30 lakh taxpayers between 1st April to 15th September this year. In a tweet, Central Board of Direct Taxes (CBDT) said, Income tax refunds of Rs. 31,741 crore have been issued in over 29 lakh cases and corporat...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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