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FAQs on One Time SEBI Settlement Scheme, 2020

July 30, 2020 4860 Views 1 comment Print

Frequently Asked Questions on the SEBI Settlement Scheme, 2020 – One Time Settlement Scheme issued by the Securities Exchange of India on 27th July, 2020.

Merging of June 2020 to December 2020 CS Examination: FAQs

July 30, 2020 2220 Views 1 comment Print

Institute of Company Secretaries of India Q 1. Will December 2020 be the last attempt for Executive & Professional [Old Course] Students? Ans: Yes, December 2020 Session of Examination is the last attempt for Executive & Professional Old Course Q 2. When Students can change the Examination Centre, Module, Medium ? Ans: For Changes : […]

Drop penal action on GST notices for 2017-18 & 2019-20

July 30, 2020 16527 Views 0 comment Print

Request for extension of time for filing Amnesty 2020 Application under various Act and request to drop penal action on notices issued under GST Act and Rules for the year 2017- 18 and 2019-20 and stop fresh notice up to 31-12-2020. Association of Tax Practitioners State Committee, Reg. No: ER.38/87 Devi Nivas, Varghese Thittel Road, […]

All about National Education Policy 2020 ((NEP 2020)

July 29, 2020 51990 Views 2 comments Print

Cabinet Approves National Education Policy 2020 (NEP, 2020) paving way for transformational reforms in school and higher education systems in the country The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the National Education Policy 2020 today, making way for large scale, transformational reforms in both school and higher education sectors. The […]

List of 30 Initiatives of ICAI Committee for Members in Practice

July 29, 2020 8244 Views 0 comment Print

We are pleased to inform you about the various initiatives of the Committee for Members in Practice for the benefits of the profession. Please find the appended brief details of the Initiatives of the Committee along with the web link of the initiatives for your reference & perusal.

No decision taken to reintroduce FRDI Bill

July 29, 2020 594 Views 0 comment Print

There are some media reports about reintroduction of the FRDI Bill. This is to clarify that the Government has not taken any decision to reintroduce the FRDI Bill.

Issue of SEBI Guidelines To All Mutual Funds In India

July 28, 2020 870 Views 0 comment Print

Acknowledging the fact that the securities market including mutual funds were worst hit by the impact of COVID-19, the Securities and Exchange Board of India (SEBI) has made an announcement having the effect of increasing obligation on such MFs. Accordingly, the mutual funds in India shall be required to embark on their secondary market trade to at least 10% of their […]

Request for Extension of Due Date of ITR for AY 2019-20

July 27, 2020 62880 Views 68 comments Print

Tax Bar Association made a request to Minister of Finance & to CBDT for  Extension of Due date in filing the Returns of Income under Income tax act for the Assessment year 2019-20 [Financial year ending 31st of March 2019].

DGGI books 3 firms for Tax evasion of more than Rs 600 Crore

July 27, 2020 1023 Views 0 comment Print

A case was booked against M/s. Fortune Graphics Limited, M/s. Reema Polychem Pvt. Ltd. & M/s. Ganpati Enterprises, who were found involved in issuance of invoices without any actual supply of goods.

Centre Released Rs. 1,65,302 Crore as GST Compensation

July 27, 2020 669 Views 0 comment Print

Central Government has recently released GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation upto 2019-20 has been released to States. The total amount of compensation released for the year 2019-20 is Rs. 1,65,302 crore whereas the amount of cess collected during the year 2019-20 was Rs. 95,444 crore.

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