The department, in order to promote the Jhatpat Processing initiative, did a paid promotion on the Social Networking Site Twitter.
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.
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.
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".
The Central Government has notified that Real Estate Agents will be referred to as "persons carrying on designated businesses or professions".
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
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
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.
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.
Extension of Income Tax Returns and Tax Audit Reports requested by ICAI
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