CAclubindia News


Income-tax Deduction from Salaries During the FY 2020-21 under Sec 192 of the IT Act, 1961

   05 December 2020 at 10:55

The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2020-21.

Posted in Income Tax  2 comments |   8796 Views


Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

   05 December 2020 at 10:08

The GST Portal has notified the due date for filing of Form GSTR-3B for the Tax Periods from October 2020 till March 2021.

Posted in GST |   19671 Views


RBI releases Draft Directions on Money Market Instruments under Section 45 W of the RBI Act, 1934

   05 December 2020 at 10:08

Comments on the Draft Directions are invited from banks, market participants, and other interested parties by January 31, 2021.

Posted in Others |   1827 Views


ICSI June 2021 exams to begin from 1st June 2021; Students to get Opt-Out Facility

   05 December 2020 at 10:08

ICSI has made an announcement that the June 2021 session for CS Exams, will begin from 1st June 2021. An Opt-Out Facility has also been provided by the ICSI subject to the submission of a COVID Positive Report.

Posted in Students  2 comments |   3003 Views


IBBI issues clarification on the computation of fee payable for delay in filings under regulation 40B of the IBBI Regulations 2016

   05 December 2020 at 10:08

Computation of fee payable for delay in filings under regulation 40B of the IBBI Regulations, 2016. The Board is in receipt of a few emails from IPs seeking clarification on the above subject.

Posted in Corporate Law |   2358 Views


All States choose Option-1 to meet the GST implementation shortfall

   05 December 2020 at 10:08

Jharkhand will get Rs. 1,689 crores through a special borrowing window to meet the GST implementation shortfall. Permission to raise additional Rs. 1,765 crores through borrowings also issued to Jharkhand.

Posted in GST |   2115 Views


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 |   1725 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 |   2211 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 |   2493 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 |   1515 Views



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