Income Tax Department initiated search under section 132 of the Income-tax Act, 1961 today in the case of a Gurugram based real estate Company, its promoters, directors and other group companies, covering a total of 20 premises. The said Company is in the business of government contracts specialising in construction of roads, highways, bridges and runways. The group is in the business of real estate development and residential complexes.
Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021. Attention GST Taxpayers whose aggregate annual turnover for the FY 19-20 is more than Rs. 2 crore! File Annual GSTR-9 Return before February 28, 2021.
The cost of education is touching the roof. Further education, whether it is in India or abroad, is getting expensive by the day. These high expenses can put a dent on the aspirations of bright students wishing to pursue further education and carve exciting careers. However, all is not lost. Banks and NBFCs provide education […]
Ministry of Labour & Employment ESIC takes Major Policy Initiatives for better services to Insured Workers/Insured Women Posted On: 23 FEB 202 Employees’ State Insurance Corporation (ESIC) during its 184th Meeting held on 22.02.2021 under the chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour& Employment (Independent Charge), Govt. of India has taken […]
The focus on Non-Corporate Entities and scrutiny thereof by various regulators, financial institutions and others are increasing year on year. In this scenario as well as for the long term it is crucial for these Entities to strictly adhere to the various requirements in law and spirit. Understanding the need for regular audit and accounts […]
Attention GST Taxpayers who have opted for QRMP Scheme! Deposit due tax liability for January, 2021 by using Form/Challan PMT-06 before the due date February 25, 2021 as Latyye Payment will attract Interest. Please note that registered persons, opting to file quarterly GSTR-3B return under QRMP scheme, are required to pay tax due in M1 […]
CBIC notifies vide Notification No. 03/2021-Central Tax dated 23rd February, 2021 that Aadhar authentication under sub-section (6B) or sub-section (6C) of section 25of CGST Act, 2017 shall not apply to a person who is, (a) not a citizen of India; or, (b) a Department or establishment of the Central Government or State Government; or (c) […]
Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining to tax rates 1%, 1.5% and 7.5% in section III (table 9 and 11) and section V may be made in row/ under label ‘Others’ of the said tables, wherever applicable.
ADVERTISEMENT FOR ENGAGEMENT OF YOUNG PROFESSIONALS DURING 2021 IN DIRECTORATE GENERAL OF FOREIGN TRADE, DEPARTMENT OF COMMERCE, GOVERNMENT OF INDIA, NEW DELHI. Directorate General of Foreign Trade (DGFT), with headquarters at New Delhi, is an attached office of the Ministry of Commerce and Industry and is headed by Director General of Foreign Trade. Right from […]
Ironically, your Government has been unreasonably over-zealous in levying excessive excise duty on Petrol and Diesel, i.e., ₹33 on every litre of Petrol and ₹32 on every litre of Diesel, which is higher than the base price of these fuels. This is nothing short of extortion to cover up economic mismanagement. As the principal party in opposition, I urge upon you to follow ‘Raj Dharma’ and reduce fuel prices by partially rolling back excise duty.
