News & FAQs

TDS/TCS provisions applicable for e-commerce firms from 01st October that businesses must know

The central government on Tuesday released a detailed list of tax deducted at source (TDS) or tax collected at source (TCS) provisions ap...

Amendments to companies law get President’s assent

  A bill that provides for a slew of amendments to the companies law, mainly to decriminalise various compoundable offences, has rec...

CBDT lays down criteria on compulsory selection of ITRs for scrutiny during FY 2020-21

  The Central Board of Direct Taxes (CBDT) has laid down guidelines for compulsory selection of returns for scrutiny assessment duri...

Govt proposes special tax incentives for FPIs choosing Gift City over Singapore & Mauritius

Changes to the tax regulations introduced by the government on Friday will provide special incentive for foreign funds who choose to shif...

Lok Sabha Passes Taxation Bill To Relax Compliance Requirements For Taxpayers

Lok Sabha on Saturday passed a taxation bill that seeks to provide various reliefs in terms of compliance requirements for taxpayers amid...

Two new services introduced on portal for filing monthly GST returns

GST & Other Indirect Taxes | By Editor | Sep 18, 2020

In order to make it easy for taxpayers, the GST portal has introduced two new functionalities for monthly return filing. The Goods and Se...

Odisha approves GST amendment bill with measures to ease burden on taxpayers

GST & Other Indirect Taxes | By Editor | Sep 18, 2020

  The state government has decided to extend due dates for various compliances on the recommendation of the GST Council during the w...

Businesses with annual turnover of up to Rs 40 lakh are now GST exempt

GST & Other Indirect Taxes | By Editor | Aug 25, 2020

The Finance Ministry on Monday posted a series of tweets, on the first death anniversary of former Finance Minister Arun Jaitley, remembe...

UK Govt Debunks Reports About Squashing Proposed Digital Tax

News & FAQs | By Editor | Aug 24, 2020

    United Kingdom government has debunked a recent report published in the Daily Mail on Sunday which claimed Exchequer Chance...

US suspends extradition and tax agreements with Hong Kong

  The Trump administration on Wednesday suspended or terminated three bilateral agreements with Hong Kong covering extradition and t...

All serving and retired soldiers in Maharashtra exempted from panchayat property tax

News & FAQs | By Editor | Aug 20, 2020

  All serving and retired soldiers in Maharashtra will be exempted from the Gram Panchayat property tax, Rural Development Minister ...

CBDT extends FY19 income tax return filing deadline till September 30

The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30. ̶...

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