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New President & Vice-President of ICMAI for 2020-2021

September 23, 2020 2772 Views 0 comment Print

CMA Biswarup Basu has been elected as President of the The Institute of Cost Accountants of India for the period 2020-2021. CMA Biswarup Basu is a Fellow Member of the Institute of Cost Accountants of India and an alumnus of South Point High School, Kolkata. He started his Professional career in 1985 as Management Trainee […]

Submit Online MEF form for year 2020-21 upto 12.10.2020

September 23, 2020 10805 Views 0 comment Print

The last date for submission of Online MEF Form for the year 2017-18 is 15th August, 2017 and for submission of hard copy of DECLARATION FOR MEF 2017-18 is 22nd August, 2017.

Time for registration of Independent Directors extended to 31.12.2020

September 22, 2020 5259 Views 0 comment Print

The Ministry of Corporate Affairs has also extended the time within which Independent Directors of companies have to register themselves on the databank maintained by the IICA from 30.09.2020 to 31.12.2020. Government of India Ministry of Corporate Affairs Notification New Delhi, the 22nd August, 2020 S.O. _ (E).- In exercise of the powers conferred by […]

Procedure for Download of Form 16A TDS Certificate

September 22, 2020 95070 Views 1 comment Print

Form 16A PDF Converter Utility. 1. The Form 16A text file is to be passed through the PDF Converter Utility to convert to generate PAN wise Form 16A in PDF format. 2. The PDF Converter Utility is available to registered TANs at TIN. 3. It is available under the option ‘Form 16A’ post login to TAN account.

What is Tax Collected at Source (TCS) and applicable rates?

September 22, 2020 37994 Views 5 comments Print

The seller has to collect tax from the payer who has purchased the following items : Alcoholic liquor for human consumption Tendu leaves Timber obtained under a forest lease Timber obtained by any mode other than under a forest lease Any other forest produce not being timber or tendu leaves

Freezing Bank Account for a Long Period without Satisfying Pre-Conditions Not Justified in Law

September 22, 2020 5025 Views 0 comment Print

The issue under consideration is whether freezing the bank account for such a long period is justified in law?

Lok Sabha passes 3 Historic and path breaking Labour Codes

September 22, 2020 1374 Views 0 comment Print

The 3 bills which were passed in the Lok Sabha today are (i) Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020.

Covid-19- India registers a Record of Highest Single day recoveries

September 22, 2020 594 Views 0 comment Print

In an unprecedented surge, India has recorded the highest number of single day Covid-19 recoveries.  More than 1 lakh (1,01,468) new recoveries have been registered in the last 24 hours in the country.

Parliament passes Essential Commodities (Amendment) Bill, 2020

September 22, 2020 975 Views 0 comment Print

Parliament passes the Essential Commodities (Amendment) Bill, 2020 will create a positive environment not only for farmers but also for consumers and investors

HC Rejects Bail to Officer Involved allegedly in Bribery & Helping in GST Evasion

September 22, 2020 1191 Views 0 comment Print

In the instant case, the petition id filed to seek the bail to a person accused of tax evasion and bribery as per GST Act and Prevention of Corruption Act.

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