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Refunds amounting to Rs. 26,242 crore issued since 1st April, 2020 Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 assessees since 1st April, 2020 to 21st May, 2020. Income Tax refunds amounting to Rs. 14,632 crore have been issued to 15,81,906 a..

Posted in Income Tax  2 comments |   906 Views



The RBI governor held a press conference today that is on the 22nd of May 2020. The governor in the press conference announced that India's GDP is expected to remain in the negative territory for 2020-21. However, some pick up might be expected in the second half. Following major announc..

Posted in Others  9 comments |   3528 Views



Sub: Extension of time period for commencement of Practical Training on or before 31st May, 2020 to 31st July, 2020 for appearing in Final examination to be held in November, 2022 This is in continuation of announcement dated 4th April, 2020 on the above subject. In order to remove hardship ca..

Posted in Students |   1402 Views



CBDT clarified that the provisions of section 269SU of the Act shall not be applicable to a specified person having only B2B transactions  if at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts, are by mode ..

Posted in Income Tax |   1793 Views



     Sl. No Issue description Period/Days of Extension 1 Names reserved for 20 days for new company incorporation. SPICe+ Part B needs to be filed within 20 days of name reservation. Names ..

Posted in Corporate Law |   663 Views



Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old r..

Posted in Corporate Law  3 comments |   1297 Views



Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan KEY HIGHLIGHTS Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost Increased investments in Public Health and other health reforms to prepar..

Posted in Corporate Law |   885 Views



The FM Smt Nirmala Sithraman announced the third tranche of the Economic Package. A press conference was done today that is on the 14th of May 2020. In her press conference on the 13th of May, the FM made some various changes in the Direct Tax and announced various relief measures for the MSMEs as w..

Posted in Others |   1624 Views



Kind Attention: All Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large. This is to inform all the Members and Students of ICAI and public at large that it has come to the notice of ICAI that various Fake Social Media Pages are being operated illegally ..

Posted in Students  1 comments |   1222 Views



Announcement The sudden developments in regard to corona virus pandemic in the country have resulted in an extended lockdown, since 22nd March 2020 by the Government of India. This lock down brought with it restrictions on physical mobility and availability of limited communication modes. This ha..

Posted in Professional Resource |   409 Views


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