"03 April 2020" Archive

Section 10(7) Perquisites/allowances exemption to Govt employees serving outside India

Exemption towards perquisites or allowances paid by the Government to its employees serving outside India Section 10(7) of the Income Tax Act exempts any perquisites / allowances which are paid or allowed, outside India, by the Government to its employees for providing services outside India. The current article explains the exemption pro...

Posted Under: Income Tax |

Customs Measure to facilitate trade during lockdown period

Circular No. 17/2020-Customs 03/04/2020

CBIC has decided to take certain measures for a temporary period in terms of section 143AA of the Customs Act, 1962 with a view to expedite Customs clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade....

Booking of train tickets never stopped except for lockdown period

Rail Ministry of India has clarified on twitter that booking of reserved train tickets never stopped except for the lock down period from March 24 to April 14, 2020. CLARIFICATION A section of Media is reporting that Railways has resumed ticket booking from 15th April, which is not correct. It is clarified that booking of […]...

Posted Under: Income Tax |

RBI Notifies Changes in Market Hours

Press Release: 2019-2020/2175 03/04/2020

The unprecedented situation created by the COVID-19 outbreak has necessitated lockdowns, social distancing, restrictions on movement of people and non-essential activities, work from home arrangements and business continuity plans....

Exemption to continuous process industries from closure-COVID-19 

No. Cl 06 SPI 2020 03/04/2020

The Govt. of Karnataka in its order referred at (1) above has exempted certain category of industries to carry on their manufacturing activities keeping in view the importance of maintaining supply chain of essential commodities during lock down....

ICSI Clarifies on applicability of Secretarial Standards on Meetings

THE INSTITUTE OF Company Secretaries of India  IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) 03.04.2020 Dear Professional Colleagues, Subject: Clarification/ Guidance on applicability of Secretarial Standards on Meetings of the Board of Directors ...

Posted Under: Income Tax |

Income Tax Calculator from FY 2016-17 to 2020-21

Automated Income Tax Calculator from FY 2016 – 17 to 2020 – 21 in a single click under Old and New Tax Regime You can use 10 Employees Income Tax calculation & their monthly TDS details in a Single File under Free version You can Calculate 500 Employees Income Tax & their monthly TDS details […]...

Posted Under: Income Tax |

How to e-File Form 15CA and 15CB

In this article we have discussed the procedure for e-filing of form 15CA and Form 15CB by remitter and Chartered Accountant using their digital Signature on e-filing website of Income Tax Department i.e. http://incometaxindiaefiling.gov.in...

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How to E-verify & know status of Income Tax Return filed online

There are two option to know your status of Income Tax Return filed online without digital signature or say Status of ITR-V sent by Post to Bangluru. Login on the Income Tax e-filing Portal www.incometaxindiaefiling.gov.in and follow the following steps...

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Duties of Person Deducting Tax at Source (TDS)

Deduct Tax at Correct Rate and deposit in Government Account, Electronic payment of taxes, Issue a TDS certificate, File Return/Quarterly Statement, Filing of Annual Return on Computer Readable Media, Quarterly statement of TDS...

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