Sections 10 and 11 of Vivad se Vishwas empower the Central Government / Central Board of Direct Taxes to issue directions or orders in public interest or to remove difficulties. In order to facilitate the taxpayers, clarifications under the said sections in form of answers to frequently asked questions (FAQs) were issued vide circular no. 9/2020 dated 22nd April. 2020 (covering FAQ 1-55) and circular no. 21/2020 dated 4th December, 2020 (covering FAQ no. 56-59).
It is a continuous endeavour of the Government to introduce schemes and reforms to promote Ease of Doing Business, increase investments & GDP growth and providing boost to domestic demand with the ultimate objective of ushering in an inclusive growth and well-being of all the sections of the society.
Approval for notifying Commissioners of Income-tax (Appeals) to exercise jurisdiction over the cases under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015- reg.
1. These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.
Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, as well as with personal goals […]
Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in January 2021 declared. – Examination Department The Institute of Chartered Accountants of India 21st March, 2021 Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in January 2021 declared. icaiexam.icai.org caresults.icai.org […]
Section 36(1)(va) with Section 43B Section 36(1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred to in section 28— (va) any sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of […]
Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for revenue collection from GST for the financial year are met.
The Income Tax Department carried out searches on 17.03.2021 in the case of a prominent builder and developer group based in Mumbai. Searches were also conducted in the case of dealers engaged in the business of trading of mobiles accessories. In all, 29 premises located in Mumbai were covered under search operation, while 14 premises were covered under survey action.
The results of the Intermediate and Final Examination of December 2020 term will be declared on Monday, the 29th March, 2021 and the same can also be accessed by the candidates on the official website of the Institute www.icmai.in.
