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Extended date of conducting AGMs for Financial year ended 31.03.2020

August 22, 2020 10917 Views 1 comment Print

Extension for date of Holding Annual General Meeting under the Companies Act for Financial year ended 31.03.2020 with objective of Ease of doing Business & Minimum Government & Maximum Governance.

1st April Onward CBDT issued refunds of over Rs. 88652 crore

August 22, 2020 690 Views 0 comment Print

As per tweet by CBDT on its official Handle-From 1st April onwards CBDT has, so far, issued refunds of over Rs. 88,652 crore to more than 24.64 lakh taxpayers from 1st April, 2020 onwards. Income tax refunds of Rs. 28,180 crore have been issued in 23,05,726 cases & corporate tax refunds of Rs. 60,472 crore […]

More than 8 lakh net subscribers added during first quarter of FY 21: EPFO payroll data

August 22, 2020 516 Views 0 comment Print

The provisional payroll data published by EPFO on 20th August 2020 reveals that the subscriber base of EPFO increased by around 8.47 lakh members during the first quarter of FY21. The COVID-19 pandemic outbreak had adversely affected the enrolments in the month of April and May 2020.

Income Tax Department conducts searches in Bhopal

August 22, 2020 573 Views 0 comment Print

The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy.

Revised CBIC guidelines for conduct of personal hearings in virtual mode

August 21, 2020 7743 Views 0 comment Print

Revised guidelines for conduct of personal hearings in virtual mode under CGST Act, 2017, IGST Act, 2017, Customs Act, 1962, Central Excise Act, 1944 and Chapter V of Finance Act, 1994 – regarding

Extension of Stay of Demand Allowed if Delay in Not Disposing of Appeal is Not Attributable to Assessee

August 21, 2020 1251 Views 0 comment Print

The issue under consideration is whether the second extension of stay of demand against ITAT appeal will be allowed to the assessee?

In a tax neutral exercise, no addition towards unutilized CENVAT credit is warranted

August 21, 2020 1023 Views 0 comment Print

whether the CIT (A) is correct in confirming addition u/s 145A of the Act to closing stock for unutilized Cenvat credit in respect of credit inputs or capital goods purchased?

How Do Pre-Existing Diseases Impact Your Health Insurance Premiums?

August 21, 2020 1200 Views 0 comment Print

Buying health insurance is often procrastinated by young and healthy individuals. The primary reason being, while you are young and healthy, no illness can affect you. But, this is not the truth. A health ailment can strike at an inopportune time and has severe financial consequences along with mental stress; sometimes as severe as leaving […]

HC Direct Commissioner to Handover Delivery Order to Petitioner

August 21, 2020 594 Views 0 comment Print

whether the commissioner is justified in withholding the delivery order for the 1×40′ container, by insisting for clearance of the dispute against the 2×20′ containers?

Fake GST Invoices – HC reduces Bail bond for accused

August 21, 2020 1290 Views 0 comment Print

Ranjit Singh Vs State of Haryana (Punjab and Haryana HC) This Court is of the opinion that since the maximum punishment which can be awarded is upto 5 years and the petitioner has almost undergone a period of one year having been arrested on 06.09.2019. The onerous conditions would thus violate Article 21 of the […]

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