Circular No. 71/2020 F. No. IT(A)l1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 4th March, 2020 Snb.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020 – reg. During the Union Budget. 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide for… Read More »
Ministry of Finance Companies (Second Amendment) Bill, 2019 would enable the listing of Indian companies on stock exchanges in foreign jurisdictions. Posted On: 04 MAR 2020 The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Amendment Bill, inter… Read More »
Ministry of Finance TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit Posted On: 04 MAR 2020 In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Income Tax Department has unearthed default of TDS of Rs 324 crore in the case of a major Telecom Operator in… Read More »
Income Tax on Sale of Shares (STCG) AY 2020- 21 I CA Satbir Singh
IRDA has issued guidelines about handling claims with regard to Corona Virus whereby insurers have been directed to expedite handling of claims for hospitalisation expenses for Corona virus disease (COVID-19). IRDA’s guideline on COVID-19 directs insurers to cover medical expenses during the quarantine period. The guidelines also advise insurers to design products for the Corona… Read More »
The Government has made amendments in the export policy and restricted export of specified APIs (Active Pharmaceutical Ingredients) and formulations made from these APIs. A notification issued by Directorate General of Foreign Trade, M/o Commerce and Industry says that the restrictions will come into immediate effect and until further orders. The notification covers following APIs… Read More »
File No. CT/79/2020-C7 GOVERNMENT OF KERALA, KERALA STATE GOODS AND SERVICES TAX DEPARTMENT Notification No. 1/2020-State Tax No.CT/79/2020-C7 Thiruvananthapuram Dated :20/02/2020 The GST Council in its 38th meeting held on 18-12-2019 has decided to establish a structured Grievance Redressal Mechanism for the taxpayers under GST to tackle their grievances on GST related issues of specific… Read More »
Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110 001 Tel. No. : +91-11-23092849, Fax No. : +91-11-23092890 E-mail : ajit.m@gov.in M. Ajit Kumar, Chairman D.O.No.04/CH(IC)/2020 2nd March, 2020 Dear Colleague It is indeed heartening to begin this letter with news of some note-worthy work by our… Read More »
Government of India Directorate of Income Tax (HRD) Central Board of Direct Taxes 2nd Floor, Jawaharlal Nehru Stadium, Gate-1, New Delhi-110003 F. No. HRD/AD/953/1/2019-20/8434 Date: 03.03.2020 ORDER With the approval of Competent Authority following Committee is formulated to look into the existing Transfer/Placement Guidelines for IRS officers. The Department has undergone comprehensive restructuring and with including… Read More »
Medical Termination of Pregnancy (Amendment) Bill, 2020 was introduced in Lok Sabha on 02nd March 2020, inter alia, provides for,— (a) requirement of opinion of one registered medical practitioner for termination of pregnancy up to twenty weeks of gestation; (b) requirement of opinion of two registered medical practitioners for termination of pregnancy of twenty to… Read More »