Taking a major step to boost exports, the Government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all export goods with effect from 1st January 2021.
DGGI, North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries, and M/s Matalax Industries, Wazirpur, New Delhi.
The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains, etc.
It has been communicated by various taxpayers and professionals that the Income Tax Portal is charging a late fee u/s 234F in spite of the extension announcement dated 31st December 2020.
The Income Tax Department has released the E-Calendar 2021 for Income Tax. This calendar showcases a glimpse of India's growth, through the lens of taxation.
MCA has decided to allow companies to conduct their EGMs through VC or OAVM or transact items through the postal ballot in accordance with the framework provided in the circular up to 30th June 2021.
The Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitization of payments across the country.
MCA has clarified that there will be no change in the additional fee logic eForms, since the extension was provided to all the companies for conducting AGM and not for filing the form.
The Ministry of Corporate Affairs has made the Field 'SRN of the application filed for extension' (GNL-1) in eForm MGT-7 optional for FY 2019-20 w.e.f. 1st January 2021 due to blanket extension provided for all companies to conduct AGM.
MCA has clarified that the last date for filing DIR-3 KYC for the Financial Year 2019-20 has expired on 31st December 2020. Consequently, the process of deactivating the non-compliant DINs is in progress and will be completed shortly.
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