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Income Tax Taxation

Income Tax Changes to be expected in Budget 2020-2021...

income tax

Assumptions are on high that Finance Minister Nirmala Sitharaman will provide some relief on the personal Income Tax in the upcoming Budget session. The ex...

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GST GST Returns

Govt. Allows Taxpayers to File GSTR-3B Returns in a Sta...

GSTR-3B Returns

As per the Ministry of Finance from now on there will be three last dates -20th, 22nd and 24th of every month to file GSTR-3B Returns. The three dates that...

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GST

ITC restrictions for availing credit in accordance with...

ITC restrictions

To overcome the malpractices of fake generation of invoices and fraudulent availment of the input tax credit by the taxpayers, an amendment was made in the...

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RBI Notification

Role of Financial Intelligence Unit in Restraining Mone...

Financial Intelligence Unit

Financial Intelligence Unit is playing a major role in restraining the Money laundering and terrorist financing activities. Registration of Financial Intel...

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Financial Intelligence Unit

Financial Intelligence Unit Registration – A mandate...

Financial Intelligence Unit Registration – A mandate for Financial Institutions

The main aim of criminal activity is to generate profit. The individuals or groups involved in such crime try to find ways to control proceeds of such crim...

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Latest News

Urban Cooperative Banks to report Exposure of Rs. 5 Cro...

urban cooperative banks

On 16th January 2020, RBI with the motive to save the Urban Cooperative Banks asked urban cooperative banks (UCBs) to report exposures of ₹5 crores...

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GST GST Returns

Simplified and New GST Returns from April 2020

new gst returns

To facilitate filing of returns by registered taxpayers under GST, the GST Council in its 31st meeting, proposed the implementation of a new GST return sys...

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Income Tax Taxation

E-assessment Scheme for Scrutiny Under the Income Tax A...

e-assessment scheme

To enable the electronic conduct of income tax assessment proceedings, a faceless scheme of scrutiny was launched by CBDT. With the introduction of such a...

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