CAclubindia News

Odisha becomes the 7th State to complete ease of doing business reforms; Additional borrowing permission of Rs. 1,429 crores issued

31 December 2020 at 10:19

The State has become eligible to mobilize additional financial resources of Rs. 1,429 crores through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 30th December 2020.

Posted in Others | 1392 Views

New Due Dates for Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:52

The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned here.

Posted in Income Tax | 11 comments | 31845 Views

Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:12

In view of the COVID-19 pandemic and the large scale disruption caused as a consequence of it, the Finance Ministry has decided to extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances. Check out the extended due dates here.

Posted in Income Tax | 35 comments | 93111 Views

Students appearing in CSEET to be held on 9th January 2021 are compulsorily required to download SEB software

30 December 2020 at 17:13

The Institute of Company Secretaries of India has made an announcement that students appearing in CSEET to be held on 9th January 2021 are compulsorily required to download the Safe Exam Browser Software.

Posted in Students | 1506 Views

CBIC makes amendments in the Exchange Rate of Turkish Lira

30 December 2020 at 17:13

The Central Board of Indirect Taxes and Customs has made an announcement regarding the change in the Exchange Rate of Turkish Lira. Read the official announcement here.

Posted in Income Tax | 2016 Views

Income Tax Department reminds taxpayers to file ITR amidst request for due date extension

30 December 2020 at 15:19

The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.

Posted in Income Tax | 5025 Views

CBDT issues refunds of over Rs. 1,56,624 crores to more than 1.33 crores taxpayers between 1st April 2020 to 27th Dec 2020

30 December 2020 at 13:07

Income tax refunds of Rs. 50,554 crore have been issued in 1,31,11,050 cases & corporate tax refunds of Rs. 1,06,069 crore have been issued in 2,03,334 cases.

Posted in Income Tax | 1434 Views

GSTN makes taxpayers aware of New Rule 86 (B) on 1% cash payment of the liability

30 December 2020 at 13:07

The GST Portal, via their official Twitter handle, has made the taxpayers aware of the New Rule 86(B) on 1% cash payment of the liability. Read the poster released on the same, here.

Posted in GST | 8040 Views

RBI releases Report on Trend and Progress of Banking in India 2019-20

30 December 2020 at 11:34

This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2019-20 and 2020-21 so far.

Posted in Others | 2508 Views

Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP

30 December 2020 at 11:34

Several taxpayers and professionals experienced difficulty in the receipt of Aadhaar based OTP on the Income Tax Portal while filing their Income Tax Return. In this regard, the department has issued a clarification.

Posted in Income Tax | 4 comments | 17892 Views