India’s overall exports (Merchandise and Services combined) in April-March 2020-21* are estimated to be USD 493.19 Billion, exhibiting a negative growth of (-)6.66 per cent over the same period last year. Overall imports in April-March 2020-21* are estimated to be USD 505.94Billion, exhibiting a negative growth of (-)16.53 per cent over the same period last year.
Learn how to pay your taxes under the Income Tax Act, 1961. Discover the options for online and offline payment and ensure compliance with the law.
Option to Retransmit Shipping Bills to RBI: Instances have been received from the trade where shipping bills details do not get reflected in RBI System (EDPMS) at times, creating difficulties in foreign exchange receipts by them. For resolving such issues, an option has been enabled for the field officers under AMEND role in ICES to retransmit the shipping bills to RBI. This is similar to the option available to retransmit SBs to DGFT.
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 16th April, 2021, vide Notification No. 43/2021-Customs (N.T.), Dated: 15th April, 2021. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 43/2021-Customs (N.T.) New Delhi, dated the 15th April, 2021 In exercise of […]
Fund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21. Number of issues in Corporate Bond Market increased by 10% in FY 2020-21. Number of unique investors across Mutual Fund schemes also increased by 10% in FY 2020-21
Form 26AS Can Be Verified And Seen By Different Modes As Below:- Through Logging in at e-filing portal. ♦ Login to e-filing portal at www.incometaxindiaefiling.gov.in ♦ Go to ‘my account’. ♦ View ‘Form 26AS (Tax Credit)’. ♦ Confirm to redirect to “TDS TRACES CPC’ website. ♦ Click on “View Tax Credit (Form 26AS)’ ♦ Select […]
STEPS FOR ONLINE CHANGE REQUEST Step – 1 Visit: https://tin.tin.nsdl.com/tan/changeRequest.html Read the guidelines carefully and click the drop-down and ‘select’ the appropriate tax entity seeking correction of TAN data, below the section ‘Apply for changes or correction in TAN Data’. Step – 2 Fill the online ‘Application for changes or correction in TAN data for […]
NEED FOR CHALLAN CORRECTION While depositing TDS payment to the central Government Acoount using either online or offline mode following errors can occur at Deductor or Bank end:- 1. Mentioned other TAN Number 2. Mentioned PAN instead of TAN 3. Selected wrong Minor Head/Major Head 4. Selected wrong Assessment Year 5. Selected wrong Nature of […]
The Code provides a time-bound, market mechanism for reorganisation and insolvency resolution of persons (companies, limited liability partnerships, partnership and proprietorship firms and individuals) in distress. The objective of such reorganisation and resolution is maximisation of value of assets of the persons to promote entrepreneurship, enhance availability of credit, and balance of the interests of all stakeholders.
New Features of Form GSTR-2B & GSTR-3B Made Available To Taxpayers Under QRMP Scheme 1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. Also Read:Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for […]
