1) The Central Board of Direct Taxes (CBDT) has issued the guidelines for TDS on Payment by e-commerce operator, under section 194-O with effect from October 1, 2020. 2) The guidelines issued by the Boards deal with the applicability of transactions carried through various exchanges; applicability …
1. The Institute of Chartered Accountants of India (ICAI) has announced that the Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) and Advance Information Technology Test will be conducted through Computer Based Mode. 2. The ICAI has decided to conduct Advanced ICITSS/ Adv. …
The Institute of Chartered Accountants of India (ICAI) has extended its last date of payment of membership/COP fees till 30th November 2020. “The Council of ICAI considering the request from Members at large has decided to extend the last date for payment of Membership/ COP fee …
1. The Centre on Thursday suspended the operation of the Insolvency and Bankruptcy Code (IBC) by another three months to protect companies in distress from being dragged into bankruptcy tribunals in view of the crisis. 2. The ministry of corporate affairs said the suspension of the …
1. The Central Board of Direct Taxes (CBDT) notified the setting up of the National Faceless Appeal Centre (NFAC) and Regional Faceless Appeal Centres (RFAC) under Faceless Appellate Scheme, 2020. 2. The NFAC and of the RFAC which shall exercise the powers and perform functions in …
a) In an effort to provide greater ease of doing business, the Ministry of Corporate Affairs has extended the duration of several schemes till the end of the year 2020 in the wake of continued disruption caused by the coronavirus pandemic in certain parts of the …
1. The Institute of Chartered Accountants of India (ICAI) has removed the name of two Chartered Accountants (CA) namely CA Nayan Rameshchandra Kothari and CA Kasi Viswanadh Yamujala for 1 month on the ground of professional misconduct. 2. The notification said that Section 21B(3) of the …
Judgement: The Bombay High court while quashing the notices issued under Section 148 of the Income Tax Act to State Bank of India (SBI) held that no notice of reassessment can be issued after 4 years of assessment, if the assessee has fully and truly disclosed …
1. The income-tax appeals are all set to go faceless from September 25, 2020, months after income tax faceless assessment was unveiled by Prime Minister Narendra Modi. 2. The system was started by the government as Prime Minister Modi had said that income tax filing and …
1) Extension for completion of Orientation /IT Training Course by the Intermediate students, through the foundation route, to on or before 31st December 2020 instead of on or before 31st October 2020 and then be allowed to sit for their Final examination to be held in …
