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Modification of residency provisions In order to bring prevent tax abuse the Finance Act, 2020 modified the Residency Provision. According to the un-amended Section 6, an individual is said to be resident in India in any previous year, if he— (a) is in India in that year for a period or periods amounting in all […]
Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought […]
Govt notified Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March 2020 to give effect to Various Direct/Indirect Tax and Statutory Compliance relaxation announced on announced on 24th March 2020. Also Read- FM Press Release Dated 24.03.2020 FM Press Release Dated 26.03.2020 FM Press Release Dated 31.03.2020 TEXT OF THE Taxation […]
Government Foreign Trade Policy 2015-2020 till 31.03.2021 vide Notification No. 57/2015-2020-DGFT Dated: 31st March, 2020. The existing Foreign Trade Policy 2015-2020 which is valid upto 31.3.2020 is extended upto 31.03.2021. Various other changes are also made extending the date of exemptions by one year and extending validity of DFIA and EPCG Authorizations for import purposes. […]
Foreign Trade Policy 2015-2020 extended for one year; Other immediate relief measures also announced The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. […]
Article mainly explains Amendments vide Finance Act, 2020 relating to Residential Status, Amendment Removing Dividend Distribution Tax and Impact thereof, Incorporation of MLI and Introduction of Equalization Levy on E-Com Operators.
Article explains Classification of Transactions under Real Estate for GST, Whether it is Supply of goods, Whether it is Supply of Service, Transitional Transaction under Real Estate, Rate of Tax on Transactions under Real Estate – Up to 31.03.2019, Rate of Tax after 01.04.2019 on Transactions under Real Estate, Input Tax Credit prior to 31.03.2019, […]
Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 31st March, 2021. Various other amendments are also made providing extension in the export obligation period in case of Advance and EPCG Authorisations, extension in validity period of status certificates, extension in the dates of filing various applications and returns etc. vide Public […]
Regional Authorities (RAs) of DGFT will not insist on valid Registration cum Membership Certificate (RCMC) (in cases where the same has expired on or before 31 March, 2020) from the applicants for any incentive/authorizations till 30 September, 2020. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade 31st […]
वित्तीय वर्ष 1 अप्रैल 2019 से 31 मार्च 2020 ही रहेगा – – झूठी अफवाहों ने बताया की वित्तीय वर्ष में हुआ परिवर्तन वित्त मंत्रालय के राजस्व विभाग द्वारा 30 मार्च को एक अधिसूचना जारी की गई जो इंडियन स्टांप एक्ट के कुछ खास संशोधनों से संबंधित है। इसका उद्देश्य स्टॉक एक्सचेंजों के जरिये सिक्योरिटी […]