CBDT clarifies TDS on Mutual Fund dividend (not gains): Budget 2020 proposals
CBDT has clarified that Budget 2020 has proposed 10% TDS on Mutual Fund dividends, above Rs. 5000/ year, in lieu of removal of DDT, under new IT Section 194K. …
New Deadlines for GSTR 3B Filing: 20th, 22nd and 24th Each Month
CBIC notifies the revised/ staggered deadlines for filing of GSTR 3B (i.e. 20th/ 22nd/ 24th of each month) from January 2020 onwards. Taxpayers having turnover upto Rs. 5 crore, …
GSTR 9/ 9A/ 9C Last Date further Extended (FY 2017-18): CBIC
CBIC notifies that last date for filing of Annual GST Return in FORM GSTR 9/ 9A and Reconciliation Statement (GST Audit Report) in FORM GSTR 9C for the financial …
ICAI Special Exam for Members of Foreign Accounting Bodies under MRA/ MOU (June 2020)
ICAI will conduct Special Examination for Members of Foreign Accounting Bodies with whom it has entered into Mutual Recognition Agreement (MRA)/ Memorandum of Understanding (MoU). Accordingly, ICAI has issued …
CBDT clarification on new deeming provision (Resident in India), proposed in Finance Bill 2020
CBDT clarifies new deeming provision pertaining to residence/ tax liability in India, as proposed in Finance Bill/ Budget 2020 (i.e. an Indian citizen shall be deemed to be resident …
CBDT amends IT Rule 6DD, notifies Reduced Cash Payment Limit (Rs. 10,000/ day)
CBDT revises/ reduces the cash payments limit from Rs. 20,000 to Rs. 10,000 per day under IT Rule 6DD vide Income-tax (3rd Amendment) Rules, 2020 (Notification No. 8/2020 dt. …
ICAI Post Budget Memorandum on Direct/ Indirect Tax Proposals of Budget 2020
ICAI has invited suggestions for submission of 'Post Budget Memorandum' on Direct/ Indirect Tax proposals of Budget 2020, for consideration by Ministry of Finance (Govt. of India) in finalisation …
Union Budget India 2020-21/ Finance Bill, 2020 (Download PDF Copy)
India’s Union Budget (2020-21)/ Finance Bill, 2020 has been presented by MoF Mrs. Nirmala Sitharaman in the Parliament, today (i.e. 1st Feb. 2020). Download PDF Copy of Budget 2020-21/ …
MCA notifies Companies (Accounts) Amendment Rules, 2020, inserts Rule 12(1A), Form AOC-4 NBFC (Ind AS)
MCA notifies the Companies (Accounts) Amendment Rules, 2020, whereby new Rule 12(1A) has been inserted requiring every NBFC (covered under Ind AS Rules) to file the financial statements with …
Revised Duty Drawback (DBK) Rates Schedule (2020) notified by CBIC
CBIC notifies the Revised All Industry Duty Drawback (DBK) Rates Schedule (2020), applicable w.e.f. 4th February 2020, vide Notification No. 7/2020 Customs (NT) dt. 28 January 2020, in respect …