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CBDT issues clarification on incorrect reports in social media pertaining to difficulty in filing of Income Tax Returns Central Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification m..

Posted in Income Tax |   167 Views




The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unitarrests one person for taking ITC fraudulently to the tune of more than Rs 5.06 Crore  The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unit, Gurugram has arrested one person namely Shri Ajit Jindal, Propr..

Posted in GST  1 comments |   1874 Views



Impact of GST on Apparel Sector

 13 July 2019 at 15:02

GST incidence of taxes on these goods. To reduce the cost of garment industry, GST rate on manmade fibre yarns has been reduced from 18% to 12%. Further, the refund of accumulated input tax credit on fabrics has also been allowed to reduce cost of fabrics which is a major input for garments. As p..

Posted in GST |   1410 Views




Model Tenancy Act(MTA) to Promote Growth of Rental Housing Segment by Regulating Renting of Premises  To Balance Interests of Owner & Tenant by Establishing Adjudicating Mechanism for Speedy Dispute Redressal Draft Model Tenancy Act(MTA), 2019 Issued for Seeking Comments from Public/Stak..

Posted in Union Budget |   647 Views




Download Pre-filled XML is available for ITR 1, 2, 3 and 4 for AY 2019-20. For other ITR's it will be available shortly Taxpayers are requested to note the followings in connection with pre-filling of ITRs- 1. Pre-filling of ITR is only for the taxpayer's convenience. Taxpayers should ..

Posted in Income Tax |   2014 Views




The results of the Common Proficiency Test (CPT) held in June 2019 are likely to be declared on Thursday, the 18th July 2019 at around 6.00 P.M. and the same will be available on the following websites: 1. icaiexam.icai.org 2. caresults.icai.org 3. icai.nic.in Arrangements have also been mad..

Posted in Students  10 comments |   1959 Views




Detailed announcement chapter wise as to Inclusion/ Exclusion of topics from the scope of syllabus of Paper 4: Corporate and Allied Laws (Old Course)[in continuation of earlier announcement dated 3/7/19 ] [I] Exclusion of topics from the scope of syllabus w.e.f. November 2019 examination ..

Posted in Students  5 comments |   3089 Views




Bill to be introduced in ensuing session of Parliament The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019.  It will replace the banning of Unregulated Deposit Schemes Ordinance, 2019. The banning of U..

Posted in Others  1 comments |   939 Views




Extension of last date for filing IT returns Government has recently changed Form 16 and Form 24 Q to bring more disclosures.  In order to enable pre-filling of return of income of salaried taxpayers, the Government has amended Form No. 16 (certificate for tax deduction) and Form No. 24Q (qu..

Posted in Income Tax  1 comments |   10465 Views




The Government is continuously taking several initiatives to enhance the technology back bone of the Income Tax Department (ITD). ITD is having a dedicated directorate called ‘Directorate of System’ which handles the technology aspects of the various functions of the Department. A brief ..

Posted in Income Tax  1 comments |   2132 Views





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