CBDT amends Notification No. 54/2021-Income Tax dated the 5th May, 2021 and stated that the word ‘Stretford Investment Pte. Ltd.’ should be read as ‘Stretford End Investment Pte. Ltd.’ Notification No. 57/2021-Income Tax Dated: 10th May, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No. 57/2021-Income Tax New Delhi, […]
Existing guidelines on appointment of Scheduled Private Sector Banks as Agency Banks of RBI have been reviewed and the revised guidelines/framework for authorising Scheduled Private Sector Banks as agency banks of RBI for conduct of government business attracting agency commission
Pursuant to the decision taken at SEBI Board meeting dated March 25, 2021 on introducing new sustainability related reporting requirements, SEBI has today issued a Circular containing the format of the Business Responsibility and Sustainability Report
Due to pandemic COVID 19 situation in India, CBDT as well as CBIC have provided various relaxations in Direct Tax and Indirect Tax Direct Tax CBDT has extended the deadline for various Income Tax Compliances due to COVID-19 Pandemic vide Circular No. 08 /2021 dated – 30th April, 2021. Topic Previous Due Date Date Extended […]
In a bid to provide relief to COVID-19 hit businesses, the finance ministry had on 1st May, 2021 notified nine changes in the compliance requirements under the Goods and Services Tax (GST) regime. This includes extension of the deadline for filing GST returns, reduced quantum of late fee, and even late fee waiver in some […]
Waiver of interest and late fee to normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers, for the tax periods of March and April, 2021 Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, […]
Extension of the last date for payment of Annual Membership Fee, Certificate of Practice and Licentiate fee in the FY 2021-22 from 30th June, 2021 to 30th September, 2021.
CBI Registers a Case Against a Proprietor of a Private Company and Unknown Others on the Allegations of TDS Refund Fraud of Rs.3.42 Crore (Approx)
On account of the continuing pandemic situation, the Council of the Institute as a special case, has decided to waive the shortfall from the requirement of securing mandatory CPE Credits (both structured & unstructured) for the financial year 2020- 2021.
DCGI approves anti-COVID drug developed by DRDO for emergency use An anti-COVID-19 therapeutic application of the drug 2-deoxy-D-glucose (2-DG) has been developed by Institute of Nuclear Medicine and Allied Sciences (INMAS), a lab of Defence Research and Development Organisation (DRDO), in collaboration with Dr Reddy’s Laboratories (DRL), Hyderabad. Clinical trial results have shown that this […]
