Monthly Archives: October 2020

Income Tax Department conducts searches in Bihar unearthing unaccounted money of Rs 75 Crore

By | October 31, 2020

Income Tax Department conducts searches in Bihar Posted On: 30 OCT 2020 The Income Tax Department has carried out searches on 29.10.2020 in the cases of four prominent contractor groups based in Patna, Bhagalpur, Hilsa, and Katihar. In addition, surveys have been conducted on some traders of mined rocks in Gaya. All the four groups… Read More »

Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees

By | October 30, 2020

Ministry of Finance Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Posted On: 29 OCT 2020 In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to… Read More »

Notification No 88/2020 Income tax return Date Extended AY 2020-21

By | October 30, 2020

Income tax return Date Extended AY 2020-21 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th October, 2020 TAXATION AND OTHER LAWS S.O. 3906(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act,… Read More »

Equalisation levy (Amendment) Rules 2020 Notification Download

By | October 29, 2020

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th October, 2020 EQUALISATION LEVY S.O. 3865(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of Section 179 of the Finance Act, 2016 (28 of 2016), the Central Government hereby makes the following rules to amend the… Read More »

Notification No 80/2020 Central Tax GST Annual Return Date extension FY 2018-19

By | October 29, 2020

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 80 /2020 – Central Tax New Delhi, the 28th October, 2020 G.S.R…..(E).– In exercise of the powers conferred by sub-section (1) of… Read More »

Due Date Extended for Vivad Se Vishwas Scheme to 31-12-2020 : Notification No. 85/2020

By | October 28, 2020

The Central Government has extended the due date for filing a declaration to opt for Vivad Se Vishwas Scheme to 31-12-2020. Further, where tax payment is made on or before 31-03-2021, no additional charges shall be levied. However, where payment is made on or after 01-04-2021, additional charges as specified under section 3 of the… Read More »