Author: CA Page

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. …

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 …

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) 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 …