The budget was expected to be a path breaking one, being the first budget of the new decade. However, as has been the case with earlier budgets, it is bound to fall short of middle class expectations, who will be required to make their choices very prudent so as not to indulge in too much […]
The revised Liquidity Management Framework has been announced in the Statement of Developmental and Regulatory Policies on February 06, 2020. Accordingly, RBI liquidity facilities under the revised Liquidity Management Framework would be as under:
The need to understand and be understood is very essential and inevitable in every body’s life. Effective communication ensures an endearing and enduring relationship. Success in life, be it personal, professional or social depends upon the quality of communication that we use in our daily life. Hence acquiring effective communication skills assumes greater significance to […]
Export of Krishnapuram Onions (Serial Number 52 of Chapter 7 of Schedule 2 of ITC (HS) classification of Export & Import Items), upto a quantity of 10,000 MT has been allowed for the period upto 31st March, 2020, with immediate effect.
Comparison table showing section wise changes proposed in Finance Bill in Goods and Services Tax – By GST & Indirect Taxes Committee of Institute of Chartered Accountants of India (ICAI). Also Read- Significant Direct Tax Proposals In Finance Bill, 2020- ICAI Analysis Budget 2020- Tax proposals- International Taxation- Analysis Section Existing Finance Bill Explaining in […]
With an aim to hold control over black money transaction and also to promote the digital transactions, the provisions of section 269ST of the Income Tax Act were introduced and made effective from 1st April 2017. The provisions of section 269ST mandate specific modes of undertaking transactions. In case the person fails to comply with […]
MAJOR CHANGES IN THE PROCESSES/ GUIDELINES PERTAINING TO STUDENT REGISTRATION, EXAMINATION ENROLLMENT, ETC. PURSUANT TO ISSUE OF COMPANY SECRETARIES (AMENDMENT) REGULATIONS, 2020
Proposed amendment to CGST Act, 2017 & IGST Act, 2017 [Clause 116 to 129 of Finance Bill, 2020] [These sections shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint] Hon’ble FM Speech A simplified return shall be implemented from the 1st April, 2020 Refund process has been simplified […]
Union Budget, 2020 exhibits the unrelenting effort of the NDA Government to curb the tax abuse by the person exploiting their nonresident tax status, despite of being citizens of India. The Finance Bill, 2020 brings in anti-abuse measure for the taxpayers who deliberately prearrange their stay in India with an intent to avoid their categorization as Indian residents, thereby avoiding the tax in India.
Under Income Tax e-Assessment scheme 2019 i) There would be a setup of Digital Technology for Risk Management by way of automated examination tool, Artificial Intelligence and Machine Learning, (ii) The e-Assessment Scheme introduces the concept of team based assessment with dynamic jurisdiction which would bring about transparency, efficiency and standardisation of procedures by eliminating the human interface between the taxpayer and the Income-tax Department.
