Latest Tax Updates, News, Articles & Notifications
1. RBI in its Circular No RBI/2021-22/45 dated 31st May 2021 stated that In view of the order of the Supreme Court, the circular banning the use of digital currencies … Read More
Amended section provides that FMV of the capital assets transferred shall be deemed to be the consideration New Rule 11 UAD provides method of working out FMV which is higher … Read More
Finance Minister Smt. Nirmala Sitharaman chaired the 43rd GST council meeting via video conferencing. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri … Read More
CBDT Circular 9 of 2021 dated 20th May 2021, has extended following due dates for Income Tax Compliance for AY 2021-22 (FY 2020-21) : 1. Due date for TDS return … Read More
Presentation on E-Invoice Under GST Click on Link to Download Presentation Presentation Guide
MCA relaxes levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 vide General Circular No. 06/2021 Dated: 03/05/2021. In view of … Read More
Relief Measures announced in GST Compliances In view of recent surge in Coronavirus Cases 1. Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of … Read More
In the case of transfer of long term capital asset, Income Tax on capital gains is determined by deducting indexed cost of acquisition/ improvement from the sale consideration. Finance Act … Read More
CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 (Assessment Year 2021-22) vide Notification No. 32/2020-Income Tax dated 12th June 2020 at 301. Cost Inflation Index helps taxpayer … Read More
The Key Decisions of 40th GST Council Meeting held on 12th June 2020 are as follows: 1. Nil late fees for GSTR-3B if there is no tax liablity, for all … Read More
