Aadhaar based Free Instant PAN, launched by FM
FM Smt. Nirmala Sitharaman has formally launched the facility for allotment of Instant PAN free of cost (e-PAN) through a simplified paperless process based on use of Aadhaar based …
Tag: Press Releases
ICAI to open ‘Center for Audit Quality’ in Jaipur
ICAI has decided to open Centre for Audit Quality at ICAI’s Centre of Excellence, Jaipur, which would provide conducive environment for research and development of systematic audit quality framework.
Income Tax Refunds of Rs. 26,242 crores issued since 1st April 2020: CBDT
Income Tax Deptt. has issued refunds of Rs. 26,242 crores since 1st April 2020 to 16.84 lac individual/ corporate assessees. Further, the refund process has been geared up for …
25% Reduction in TDS/ TCS Rates from 14th May 2020 (FY 2020-21)
TDS Rates for non-salary payments and TCS Rates for specified receipts have been reduced by 25% in respect of the remaining period of Financial Year 2020-21 (i.e. during 14th …
Vivad se Vishwas Scheme extended upto 31 Dec. 2020
The period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020, as per Special Package of Rs 20 lakh crores (COVID-19) …
Highlights of Special GOI Package of Rs 20 lakh crores for Atmanirbhar Bharat (COVID-19)
Key Highlights of the Special economic and comprehensive package of Rs 20 lakh crores Announced by the Govt. of India, for relief and credit support related to businesses, especially …
ICAI Creates Rs. 100 crores Corpus Fund for Scholarships to CA Students
ICAI has created a Rs. 100 crores Corpus Fund which is earmarked for providing recurring scholarships to CA Students falling in different categories namely,- Merit, Merit-cum-Need based, Need-based and …
Comprehensive Relief Package for Compliance Deadlines announce by Govt. (COVID-19)
Govt. announces comprehensive relief package for routine/ year end closing compliance and filing deadlines, to avoid penal consequences for taxpayers/ businessman who are already facing stress of COVID-19.
13 Relaxations for Market Participants to reduce compliance burden: SEBI
SEBI has announced 13 Relaxations to reduce compliance burden for Market Participants, like relaxation in penalty proisions and extension of various deadlines, owing to concerns relating to COVID - …
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. …