News

Cabinet approves reduction of GOI equity in select CPSEs below 51%

Cabinet approves reduction of Government of India (GOI) equity shareholding in select CPSEs below 51% by retaining management control The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has accorded ‘in-principle’ approval for enabling reductionof Government of India paid-up share capital be...

Read More
Posted Under: Income Tax |

News of GSTN system not functioning are incorrect: GSTN

Certain complaints made yesterday on the social media regarding GSTN system not functioning are incorrect. GSTN assures that the GST Return filing system was working within expected limits. Had it not been so, how more than 11.52 lakh GSTR3B (October) returns could have been filed yesterday on 19th Nov with about 1.82 lakh returns filed i...

Read More
Posted Under: Income Tax | ,

Cabinet approves proposal to Mitigate financial stress of Telecom Services Sector

Department of Telecommunication will give an option to the Telecom Service Providers (TSPs) to defer payment of the spectrum auction instalments due for 2020-21 & 2021-22, either for one or both years.  These deferred amounts bill be spread equally in the remaining instalments to be paid by TSPs. Interest as stipulated while auctioning o...

Read More
Posted Under: Income Tax |

Cabinet approves Taxation Laws (Amendment) Bill, 2019

In order to attract fresh investment in manufacturing and provide boost to 'Make-in India' initiative of the Government, another provision was inserted to the IT Act, to provide that a domestic manufacturing company set up on or after 1st October, 2019 and which commences manufacturing by 31st March, 2023, may opt to pay tax at 15% plus s...

Read More
Posted Under: Income Tax |

IEPF Authority Help Line No.

Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs, inaugurated the Investor Education and Protection Fund Authority (IEPFA) Help Line number — 1800-114-667 — and Call Centre here today....

Read More
Posted Under: Income Tax |

Empanelment with IDBI Bank for Concurrent audit

IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India, in the prescribed format, who are willing to have their firms empanelled as Concurrent Auditors of the Bank....

Read More
Posted Under: Income Tax | ,

Steps taken for Prevention of Fraudulent Banking Practices

. Government has issued Framework for timely detection, reporting, investigation etc. relating to large value bank frauds to Public Sector Banks (PSBs) for systemic and comprehensive checking of legacy stock of their non-performing assets (NPAs), which provides, inter-alia, that—...

Read More
Posted Under: Income Tax |

Cross border Transactions and Investments (2019)

India is now one of the front runners among the developing countries for attracting FDI. Its strong and stable growth and commitment to institutional reforms has made it one of the most attractive destinations for FDI. Cross border flow of capital, human resource and technology has increased manifold over the period of time, which in [&he...

Read More
Posted Under: Income Tax |

Technical Guide on Expatriates Taxation (Revised 2019 edition)

Continuous and rapid global integration has impacted the economies of different countries differently and in a positive manner. Consequently, knowledge, experience and skills of human capital have also been seamlessly shared, which in turn has placed expatriate employees in the most vital position. The income of an inbound expatriate or a...

Read More
Posted Under: Income Tax |

Guidance Note on Report U/s. 92E of Income Tax Act, 1961

Following is the Exposure Draft of the Guidance Note on Report under section 92E of the Income-tax Act, 1961 (Transfer Pricing), issued by the Committee on International Taxation of ICAI for comments. Changes have been made to the extent of amendments made by the Finance Act, 2017....

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,355)
Company Law (5,149)
Custom Duty (7,477)
DGFT (4,044)
Excise Duty (4,275)
Fema / RBI (3,891)
Finance (4,047)
Income Tax (31,160)
SEBI (3,236)
Service Tax (3,478)