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Revenue not entitled to attach properties of Private Trust to recover dues of trustees

March 20, 2020 3543 Views 0 comment Print

Revenue is not entitled to attach the properties belonging to a Private Trust to recover dues of the trustees, who was a director of a company which had allegedly defaulted in paying its tax dues.

COVID-19- Companies & LLPs to file web Form CAR

March 20, 2020 26379 Views 0 comment Print

The web form named CAR. (Company Affirmation of Readiness towards COVID-19) should be filed by an authorized signatory of Companies & LLPs. CAR-2020 shall be deployed on the 23rd of March, 2020.

Advisory on Leave & Salary of workers during outbreak of COVID­19

March 20, 2020 4026 Views 2 comments Print

The World is facing a catastrophic situation due to outbreak of COVID­19 and in order to combat this challenge, coordinated joint efforts of all Sections of the Society is required. In view of the above, there may be incidence that employee’s/worker’s services are dispensed with on this pretext or the employee/worker arc forced to go on leave without wage/ salaries.

Regulatory measures taken by SEBI in view of ongoing market volatility

March 20, 2020 1407 Views 0 comment Print

In the recent past, world over, the stock markets have been quite volatile owing to concerns relating to COVID-19 pandemic and the resultant fear of economic slowdown. The movement in the Indian stock market has been broadly in tandem with the other global

Notification No. 22/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020

March 20, 2020 600 Views 1 comment Print

Appointment of CAA by DGRI – Notification No. 22/2020-Customs (N.T./CAA/DRI), Dated: 20.03.2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 22/2020-Customs (N.T./CAA/DRI)  New Delhi, dated 20.03.2020 S.O. 1190(E)– In  pursuance of  notification  No.  60/2015-Customs (N.T.),  published vide number G.S.R. 453(E), dated […]

Extend due date of Return under GST due to COVID-19: ICAI

March 20, 2020 60075 Views 13 comments Print

Provide appropriate relaxation to the registered person and extend due dates of filing all returns under GST, which fall in month of March and April, 2020 till 30th April, 2020. This would provide needed relaxation to the trade, in combating the circumstances arising out of Coronavirus.

Last date of filing of Unified Annual Return under 8 Labour Laws

March 20, 2020 21555 Views 0 comment Print

The Filing of Unified online Annual Returns for the year 2019 under 8 Acts and 10 Central Rules were to be filed from 1st January to 1st February 2020. For the year 2019 a total of 30,420 Annual Returns so far have been received on Shram Suvidha Portal  In, view of the spread of Novel […]

Clarification on Export of API/Formulations (Restricted) under Advance Licence

March 20, 2020 1833 Views 0 comment Print

It has been decided that exports of all formulations for ITCHS codes falling under Chapter 30 in the Notification No. 50 dated 03.03.2020 shall be allowed to be exported under the Advance Licenses issued on or before the date of Notification (03.03.2020).

AO working in Pr. CCIT (International Taxation) region is jurisdictional AO for equalisation levy

March 20, 2020 1164 Views 0 comment Print

Assessing Officer working in the Principal Chief Commissioner of Income-tax (international Taxation) Region having Jurisdiction in respect of the assessees for the purpose of the Income-tax Act, 1961, to exercise or perform all or any of the powers and functions conferred  on, or, assigned  to  an  Assessing Officer  for the  purpose of Chapter  VIII of Finance   Act, 2016 .

Amendment in Export Policy of Masks, Ventilators and textile raw material for masks and coveralls

March 19, 2020 1320 Views 0 comment Print

The export of all ventilators, Surgical/Disposable (2/3Ply) Masks only and Textile raw material for masks and coveralls only falling under the ITCHS Codes specified against each has been prohibited, with immediate effect.

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