CAclubindia News


Relaxation of additional fees and extension of last date of filling of CRA-4 (form for filing of cost audit report) for FY 2019-20

   05 December 2020 at 10:07

Due to the COVID-19 pandemic, it has been decided to extend the date for submission of the Cost Audit Report for the Financial Year 2019-20 from 30th November 2020 to 31st December 2020.

Posted in Audit |   1728 Views


CBIC issues clarification over Invoice Furnishing Facility with relation to the QRMP Scheme

   05 December 2020 at 09:43

IFF is an optional facility to be used depending on the needs of the suppliers and their buyers. Taxpayers may file their GSTR-1 for the quarter without filing IFF.

Posted in Income Tax |   2223 Views


CBDT issues clarifications on the provisions of the Direct Tax Vivad se Vishwas Act 2020

   05 December 2020 at 09:43

​​​​​​​The Central Board of Direct Taxes has issued a clarification on the provisions of the Direct Tax Vivad se Vishwas Act 2020 and has released the 2nd set of FAQs on the Act.

Posted in Income Tax |   2508 Views


Resumption of physical hearings, on experimental basis, in the ITAT, Mumbai benches, wef Dec 7, 2020

   04 December 2020 at 18:02

The Income Tax Appellate Tribunal Mumbai benches intend to resume physical functioning, on an experimental basis and in a limited manner, with effect from 7th December 2020.

Posted in Income Tax |   1533 Views


Union FM Smt. Nirmala Sitharaman inaugurates DRI's 63rd Founding Day Celebrations

   04 December 2020 at 18:02

FM Smt. Nirmala Sitharaman observed the 63rd Founding Day of the DRI, the apex anti-smuggling intelligence and investigation agency functioning under the aegis of the CBIC.

Posted in Community & General |   1437 Views


Pension Adalat 2020 to be held from 15.12.2020 through Video Conferencing in the Income Tax Office of Kerala

   04 December 2020 at 18:02

Pension Adalat 2020 to be held from 15.12.2020 through Video Conferencing in the Income Tax Office of Kerala

Posted in Corporate Law |   1746 Views


India, USA sign MoU on Intellectual Property cooperation

   04 December 2020 at 18:02

The Union Cabinet in its meeting dated 19.02.2020 gave the approval for signing the MoU with the United States Patent and Trademark Office (USPTO) in the field of IP Cooperation.

Posted in Community & General |   1422 Views


RBI keeps the policy repo rate unchanged at 4 percent

   04 December 2020 at 15:44

The Monetary Policy Committee met on 2nd, 3rd, and 4th December 2020. It reviewed current macroeconomic and financial developments, both domestic and global, and the evolving outlook for the Indian economy.

Posted in Community & General |   1203 Views


RBI issues a statement on Developmental and Regulatory Policies

   04 December 2020 at 15:44

This Statement sets out various developmental and regulatory policy measures to enhance liquidity support, deepen financial markets, conserve capital among banks, and facilitate external trade, etc.

Posted in Community & General |   1323 Views


CBIC releases New Exchange Rate for different countries w.e.f. 4th December 2020

   04 December 2020 at 09:56

The Central Board of Indirect Taxes and Customs has specified a new rate of exchange for different countries relating to both, import and export of goods w.e.f 4th December 2020.

Posted in Custom |   3807 Views



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