Daily Updates

7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020

ICAI to provide Medical Financial Assistance to Members & their dependents suffering from CORONA

Extension to the levy of Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China for a further period of three months.[ Notification No. 19/2020-Customs (ADD] dtd 21st July 2020   GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2020-Customs (ADD) New Delhi, the 21st July, 2020 G.S.R.–(E). -Whereas, the designated …

Extension to the levy of Anti-Dumping duty (22.07.2020) Read More »

Link for filling Annual Return is opened on GSTN Period of tax Till FY 2018-19 After FY 2018-19 Quarter Composition taxpayer has to file return on quarterly basis in Form GSTR-4 No need to file return on quarterly basis. Only a statement is required to be filed in Form GST CMP-08. Annual The annual return …

Link for filling Annual Return is opened on GSTN (22.07.2020) Read More »

Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19 (Trade Notice No.: 18/2020-21 dtd 20th July 2020)   Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Dated: 20th July, 2020 Trade Notice No.: 18/2020-21 …

Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19 (21.07.2020) Read More »

Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020) for non applicability of the TDS when payment is made by Banks and Co-operative Banks and post upto Rs. 1 Cr. (Circular No. 14/2020 …

For non applicability of the TDS when payment is made by Banks and Co-operative Banks and post upto Rs. 1 Cr (21.07.2020) Read More »

Settlement of death claims on priority basis in events of industrial accidents, etc. to be made as instructed vide Circular Number EDLI/3(39)SOM/2020/246 dtd. 17th July 2020 issued by EMPLOYEES PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR & EMPLOYMENT. GOVERNMENT OF INDIA

New Form 26AS is the Faceless hand-holding of the Taxpayers is notified by CBDT on 18th July 2020.

Pending GST Applications for registration during COVID -19 period should be attended on or before 31st July 2020 vide CBEC Circular No. CBEC-20/06/11/2020-GST dtd 17th July 2020

SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2020 notified on 17th July for having the structured digital database and making Board of Directors responsible for unpublished price sensitive information and preservation of digital database.