The Central Board of Direct Taxes (CBDT) notifies CBDT notifies Extension of time barring Assessments to 30th April 2021 and Penalty to 29th June 2021. The Board
Day: April 8, 2021
Basics of GST Appeals & Revisions – Guide on How to Appeal under GST–clear tax
Basics of GST Appeals & Revisions – Guide on How to Appeal under GST https://cleartax.in/s/gst-appeals/#whatAny appeal under any law is an application to a higher
Companies mandates to use software with audit trail of each transaction–tax guru
lipped from: https://taxguru.in/company-law/companies-mandates-use-software-audit-trail-each-transaction.html Companies (Accounts) Amendment Rules, 2021 MCA has vide its notification dated 24.03.2021 (Companies (Accounts) Amendment Rules, 2021) notifies that for the financial year commencing on
Using of Accounting Software having audit trail feature–tax guru
Clipped from: https://taxguru.in/company-law/accounting-software-audit-trail-feature.html The Ministry of Corporate Affairs, Government of India, issued notifications dated 24th March, 2021 to amend Companies (Accounts) Rules, 2014 to enhance the disclosures required to be made
Data breach menace | Business Standard Editorials
India needs an effective privacy law quickly Independent cyber-security researchers have claimed that a database containing know-your-customer details of nearly 3.5 million users of fintech
White goods, solar modules get Rs 10,738 crore worth of PLI push | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/white-goods-solar-modules-get-rs-10-738-crore-worth-of-pli-push-121040800121_1.html While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar
PLI scheme for air conditioners fails to excite local manufacturers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-for-air-conditioners-fails-to-excite-local-manufacturers-121040800105_1.html Lack of incentive for incremental assembly may delay investments Leading consumer durables manufacturers said it will help in growing the local AC manufacturing
MPC: Steady opening for 2nd innings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/mpc-steady-opening-for-2nd-innings-ep/article34265674.ece?homepage=true RBI may need a much larger G-sec buying programme to meet the objectives of government’s borrowing plan In its first meeting of 2021-22,
RBI’s tightrope walk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/in-balancing-growth-and-inflation-concerns-the-mpc-might-soon-run-out-of-options/article34265630.ece In balancing growth and inflation concerns, the MPC might soon run out of options India’s monetary policy authorities are faced with an unenviable
Accounting software with audit trail feature: MCA postpones implementation to FY23 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/accounting-software-with-audit-trail-feature-mca-postpones-implementation-to-fy23/2228888/ The postponement of the rule, a senior government official said, is in view of the Covid situation in the country. “Giving a year’s
India’s very own Quantitative Easing – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-very-own-quantitative-easing/2228860/ RBI has done well to commit its balance sheet to further monetary policy, but the risk is one worth taking As bond market
RBI Monetary Policy’s 10 key takeaways: Repo rate, liquidity, TLTRO, growth, inflation, more – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-monetary-policys-10-key-takeaways-repo-rate-liquidity-tltro-growth-inflation-more/2228735/ The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent, as was expected. The
DIGITAL BOOST: Now, free digital starter kits for small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/digital-boost-now-free-digital-starter-kits-for-small-businesses/2228918/ Builder.ai’s new programme aims to take small Indian businesses, restaurants online and help improve the end customer experience with their new digital starter
RBI to buy bonds in India’s version of QE – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-dues-dont-attach-assets-at-the-drop-of-a-hat-sc-to-taxman/2228875/ Justice Chandrachud further asked officers to strike a balance between protecting government revenue and allowing genuine businesses to operate. “In order to make
GST dues: Don’t attach assets at the drop of a hat: SC to taxman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-dues-dont-attach-assets-at-the-drop-of-a-hat-sc-to-taxman/2228875/ Justice Chandrachud further asked officers to strike a balance between protecting government revenue and allowing genuine businesses to operate. “In order to make
‘Over 80% legacy I-T cases resolved through Faceless Assessment Scheme’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/over-80-legacy-i-t-cases-resolved-through-faceless-assessment-scheme/article34265746.ece As many as 3,130 tax personnel, including 600 IT officers, are involved in implementing the faceless e-assessment scheme – Getty Images/iStockphoto As many
Irdai brings draft rules for general insurers on product design, pricing | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/irdai-brings-draft-rules-for-general-insurers-on-product-design-pricing-121040501078_1.html The regulator has asked all stakeholders to give their views on the draft guidelines before April 26 “The Authority may fix lower than
Can’t use ITR-1 if TDS paid on high cash withdrawal, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/can-t-use-itr-1-if-tds-paid-on-high-cash-withdrawal-say-experts-121040600045_1.html Taxpayers now need to provide quarterly break-up of dividend income earned From AY 2021-22, the taxpayer has to choose between the new and
Glitch-free faceless assessment addressed industry fears: P C Mody | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/glitch-free-faceless-assessment-addressed-industry-fears-p-c-mody-121040701520_1.html Of the 57,985 cases picked for assessment during its pilot last year, orders have been passed in 46,822 cases CBDT Chairman P C
Faceless tax assessment: 60% of allocated cases settled in a year, says CBDT’s Mody – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/faceless-tax-assessment-60-of-allocated-cases-settled-in-a-year-says-cbdts-mody/2228892/ Out of the total 4,12,046 cases assigned to National Faceless Assessment Centre (NFAC) after the faceless appeal scheme was launched in September 2020,
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