Committee for Members in Industry & Business (CMI&B) of ICAI will organise next/ 52nd batch of Campus Placement Program in February-March 2021, at 19 Centers across the Country.
IT Deptt. has conducted Searches at 20 locations of 3 leasing business houses in Assam, which has resulted in detection of tax evasion in respect of Income above Rs. …
MCA notifies the Companies (Incorporation) Second Amendment Rules, 2021, applicable w.e.f. 01/04/2021, to amend rules relating to One Person Companies (OPCs).
MCA notifies the Companies (Specification of Definitions Details) Amendment Rules, 2021, applicable w.e.f. 01/04/2021, to revise threshold for paid up capital/ turnover for Small Companies.
MCA notifies the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021, to facilitate fast track mergers for Starts ups and other small companies (OPCs).
Reduction in Time Limit has been proposed in Budget 2021 for Re-opening of Income Tax Proceedings within 3 years, as against existing limit of 6 years, except in serious …
Enhanced Tax Audit Exemption limit of Rs. 10 crore, as against existing limit of Rs. 5 crore, has been proposed in Budget 2021, for taxpayers having 95% or more …
TDS of 0.1% on transaction of purchase of goods exceeding Rs. 50 lakh in a year has been proposed in Budget 2021 to widen the TDS base, applicable in …
ITR filing exemption has been proposed in Budget 2021 for Senior Citizens (age 75 years or more) having only pension/ interest income, to reduce their compliance burden.
IT Deptt conducts search at 25 premises of Kolkata based Iron & Steel Manufacturing Group, which has resulted in detection of concealment of income amounting to Rs. 309 crore.