Income Tax : Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, an...
Finance : Explore the complexities of India's central-state taxation conflicts, fiscal policies, and solutions to improve tax allocation and...
Income Tax : The Supreme Court upholds TOLA, validating extended income tax reassessment timelines despite previous High Court rulings on Secti...
Corporate Law : Explore the complexities of moonlighting under Indian labor laws, its implications, and the perspectives of various sectors on dua...
SEBI : Explore how aligning ESG compliance with SDGs can bridge gaps in corporate sustainability, ensuring a holistic approach to environ...
Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...
CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...
Finance : Interim Budget Session 2024 sees high productivity with 12 Bills passed, Lok Sabha and Rajya Sabha exceeding performance targets....
Corporate Law : Stay vigilant against COVID-19 surge! Centre issues advisory to states, emphasizing vigilance, district-wise monitoring, and incre...
CA, CS, CMA : Join free BoS Live Learning Classes by ICAI for CA Final & Intermediate courses appearing in May 2024 exams. Get expert guidance a...
Income Tax : ITAT Pune cancels penalty imposed on Balbir Kaur Birdie for non-compliance with tax notices, citing reasonable cause due to COVID-...
Income Tax : ITAT Rajkot allows a 107-day delay in filing an appeal due to the assessee’s health issues and Covid-19, remanding the case to t...
Income Tax : ITAT Lucknow directs CIT(A) to reconsider limitation issue in Bharat Shetty’s case, factoring in COVID-19 period for a fresh dec...
Income Tax : ITAT Ahmedabad held that provisions of Sick Industrial Companies Act [SICA] would override the provisions of Income Tax Act. Thus,...
Goods and Services Tax : Patna High Court rules on extension of limitation for GST assessment orders in Barhonia Engicon Pvt Ltd case, addressing pandemic-...
Income Tax : For claiming exemption Section 54 to 54 GB of the Act, for which last date falls between 01st April. 2021 to 28th February, 2022 m...
Company Law : After the Covid-19 pandemic no Company Secretary from far of places shown interest to come and join in a hospital business as the ...
Income Tax : CBDT specifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased ide N...
Income Tax : Clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 provides that any sum...
Income Tax : CBDT specifies Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment vide Notification No...
It is factually incorrect to state that there is no provision for expenditure on COVID-19 vaccination by the Central Government. The amount of Rs. 35,000 crore has been shown under the Demand for Grants No. 40, titled ‘Transfers to States’.
Amid a severe second COVID wave, Ministry of Finance feels that the economic impact may not be as serious as was in 2020. Our GDP may take a hit of one percent as lockdown is being applied in few states and that it is not pan India. According to Ministry of Finance, based on its […]
A realistic consequence of COVID pendamic could be counted in terms of loss of jobs, stagnant or reduced employment opportunities, increase in poverty, regressive economic impact, deterioration in incomes and disposable surplus, lesser savings, gaps in education, malnutrition , increased inequalities and so on. For the Government , this could mean lesser tax revenues, both […]
Industry can approach the Covid 19 Helpdesk for support and register their issues on the DGFT website (https://dgft.gov.in) or email at dgftedi@nic.in. Department of Commerce is committed to take up all such matters received on priority with other Ministries/Departments and State Governments/UTs.
An unprecedented upsurge of COVID-19 cases and deaths is currently being witnessed across India. The overall nationwide test positivity rate is above 20%. Testing-tracking-tracing, isolation and home-based treatment of positive patients is the key measure to curb transmission of SARS-CoV-2.
1. All statutory dates under GST and Income Tax by which either tax is to be paid or return has to be filed, maybe extended till 31st August, 2021. 2. Challan should be treated at a document of payment and not Form GSTR-3B under GST. this will encourage the tax payer to pay tax early and the government too will get the taxes in time.
Centre undertakes multiple initiatives to enhance Oxygen availability, distribution and storage infrastructure; Oxygen availability increased through higher production and imports, setting up of PSA Plants, and Procurement of Oxygen Concentrators;
The Authority is in receipt of complaints stating that some of the insurance companies are not issuing Corona Kavach and Corona Rakshak Policies. In this regard, it is clarified that all General and Health Insurers are mandated to offer Corona Kavach Policy vide guidelines dated 26.06.2020.
All India Mobile Retailer Association has written a letter to Chief Minister of Haryana and requested Complete Restriction in Delivery of Non-Essential Items by all platforms (Online & Offline) & also made Vaccination Request. To, Shri Manohar Lal Khattar Honourable Chief Minister Government of Haryana, Chandigarh Dated: 5 May 2021 Subject: Complete Restriction in Delivery […]
Letter by Confederation of All India Traders to Hon’ble Prime Minister on Havoc of Coronavirus and Need of a National Lockdown. 09th May, 2021 Shri Narendra Modi Hon’ble Prime Minister Government of India New Delhi Respected Shri Modi Ji, Sub : Havoc of Coronavirus – Need of a National Lockdown At the outset, we compliment […]
