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Income Tax Dept does paid promotion of #ITRFileKaroJhatpat on Twitter

   29 December 2020 at 14:23

The department, in order to promote the Jhatpat Processing initiative, did a paid promotion on the Social Networking Site Twitter.

Posted in Income Tax  1 comments |   3801 Views


Ministry of Finance releases Prevention of Money Laundering (Maintenance of Records) Fourth Amendment Rules, 2020

   29 December 2020 at 11:02

The Ministry of Finance has released the Prevention of Money Laundering (Maintenance of Records) Fourth Amendment Rules, 2020. Read the official notification and all the amendments made in the Rules, here.

Posted in Corporate Law |   2688 Views


10,47,358 ITRs for AY 2020-21 filed on 28th December

   29 December 2020 at 11:02

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 28th December here.

Posted in Income Tax |   2640 Views


Central Government notfies the dealers in precious metals, precious stones as "persons carrying on designated businesses or professions"

   29 December 2020 at 11:02

The Central Government has notified that the dealers in precious metals and precious stones will be referred to as "persons carrying on designated businesses or professions".

Posted in Taxpayers |   5904 Views


Central Government notifies Real Estate Agents as persons carrying on designated businesses or professions

   29 December 2020 at 11:02

The Central Government has notified that Real Estate Agents will be referred to as "persons carrying on designated businesses or professions".

Posted in Others |   2061 Views


ICAI announces regarding extension of time period, of the name reserved through SPICE+ under Rule 9, upon payment of certain fees

   29 December 2020 at 10:17

The Institute of Chartered Accountants of India has announced regarding extension of the time period, of the name reserved through SPICE+ under Rule 9, upon payment of certain fees

Posted in Corporate Law |   3318 Views


9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

   29 December 2020 at 10:17

A total amount of Rs.54,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States

Posted in GST |   2865 Views


ICAI Invites Comments on Exposure Drafts of Forensic Accounting and Investigation Standards (FAIS)

   28 December 2020 at 17:49

The Institute of Chartered Accountants of India is inviting comments on Exposure Drafts of Forensic Accounting and Investigation Standards. The Last Date for Submitting Comments is January 28, 2021.

Posted in Professional Resource |   2013 Views


Extension of Due Dates of Income Tax Returns, Tax Audit Reports, and GST Compliances requested by Sr. Adv. P.P. Chaudhary - Member of Lok Sabha

   28 December 2020 at 17:05

Senior Advocate P.P. Chaudhary, Member of Lok Sabha has requested the Union and Finance Minister Smt. Nirmala Sitharaman to extend the due dates for filing Income Tax Returns, Tax Audit Reports, and GST Compliances.

Posted in Income Tax  18 comments |   39756 Views


Extension of Income Tax Returns and Tax Audit Reports requested by ICAI

   28 December 2020 at 12:35

Extension of Income Tax Returns and Tax Audit Reports requested by ICAI

Posted in Income Tax  10 comments |   41802 Views



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