M/s. Safari Retreats Private Limited and another vs Chief Commissioner of Central Goods & Service Tax & others

Income Tax department conducting the biggest raid of 2020 in Raipur!

India's biggest income tax raid (search/ survey) in the year of 2020 reaching on 4th consecutive day at Raipur in ...

Major amendment for salaried employee – Budget 2020

February 29, 2020 - Updated on April 11, 2020

Our Finance Minister had announced the Budget for Financial year 2020-21 on 01.02.2020 and major amendments were announced. However in ...

Decoding Audit provision u/s 44AB amended by Budget 2020 | New tax audit limit.

by Income tax Expert

February 28, 2020 - Updated on June 17, 2020

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In 2016 it was the first time when confusion was created between presumptive taxation u/s 44AD and Audit u/s 44AB ...

Tax in India on income earned from RSU vested in foreign countries and exemption from such income

by Income tax Expert

February 28, 2020 - Updated on July 27, 2020

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A restricted stock unit (RSU) is a form of compensation issued by an employer to an employee in the form ...

Single GST rate for all lotteries – 28%

by GST expert

February 27, 2020

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Currently Lottery is subject to 2 rates of GST: 12% for Lottery run by State Governments Explanation 1.- For the ...

New GST helpline number to operate all 7 days

by GST expert

February 26, 2020 - Updated on March 1, 2020

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GST Helpdesk has launched new Toll-free number and will become multi-lingual. They will be supporting 12 languages namely, Hindi, English, ...

Amendment in Companies Act for compulsory appointment of Company Secretary and Secretarial Audit

Major Amendments by CARO 2020

by ADMIN

February 26, 2020

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MINISTRY OF CORPORATE AFFAIRS vide notification dated 25th February 2020, has published Companies (Auditor’s Report) Order, 2020. It shall apply to all ...

MCA Secretary inaugurates SPICe+ web form

by ADMIN

February 25, 2020

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Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs(MCA), today inaugurated the ‘SPICe+’ Web Form here today. As part of Government ...

VIVAD SE VISHWAS SCHEME ANNOUNCED IN BUDGET 2020

Official proposed amendments to Vivad se Vishwas Bill, 2020

by Income tax Expert

February 25, 2020 - Updated on February 26, 2020

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The below mentioned amendments have been discussed in a recent video conferencing between the officials regarding various concerns raised by ...

Notice u/s 143(1)(a) for A.Y. 2019-20 for various reason such as Capital gain, Late fee etc:

Individuals, company and trust are receiving notice u/s 143(1)(a) – This is the reason

by Income tax Expert

February 24, 2020 - Updated on February 25, 2020

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143(1)(a) is a notice which is issued by CPC, Bangalore the return processing department of CBDT. This notice is issued ...

GSTR-2A Converter, Vendor Wise Reconciliation, Invoice wise Reconciliation and Rule 36(4) Utilities

by GST expert

February 23, 2020 - Updated on February 28, 2020

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We share with you, following very helpful Excel Utilities prepared by CA Jatan Jain, partner JPRMS & Co., Delhi, as ...

Amendments in TDS and TCS provision by Budget 2020

TDS on income from mutual funds – Section 194K

by Income tax Expert

February 22, 2020 - Updated on April 29, 2020

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In the budget the Finance Minister Nirmala Sitharaman had announced that DDT would be removed as it is creating many ...

Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

Condonation of delay u/s 119(2)(b) for Form 9A and 10 in trust cases for A.Y. 2016-17, 17-18, 18-19

by Income tax Expert

February 21, 2020 - Updated on March 12, 2020

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CBDT vide circular 6/2020 Dt. 19.02.2020 has directed CIT to allow for condonation of delay in filing Form 9A (Application ...

Section 54EE: A section which never saw the daylight

by Income tax Expert

February 20, 2020 - Updated on March 2, 2020

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Section 54EE was introduced in Income Tax Act, by Finance Bill 2016 which was on similar line with section 54EC ...