In case your application for revocation of cancellation of registration was rejected by the tax authorities before 12/6/2020 and you wish to avail benefit of Removal of difficulties (ROD) order 01/2020 dated 25.06.2020, as an interim measure, you can request the appellate authority or the higher authority to pass a simple offline order on it…
One time relaxation is given for E-verification of tax return for Assessment years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITR-V form and processing of such returns has now been announced by the CBDT. One-time relaxation for Verification of tax-returns
Applicable for Government Companies & Subsidiary of Government Companies (in case of voluntary Strike off) will be effective from June 29, 2020. Government Companies & Subsidiary of Government Companies, while filing Strike Off application must submit duly notarised Indemnity Bond in Form STK-3A and shall be given / signed by an authorized representative, not below…
In furtherance of its commitment to extend its support towards all its stakeholders, the Institute of Company Secretaries of India (ICSI) had represented before the Ministry of Corporate Affairs for extending the relaxations in compliances under the Companies Fresh Start Scheme, 2020 in the General Circular No. 12 / 2020, dated 30.03.2020 to charge related…
New Update The Ministry of Corporate Affairs (MCA) allows the start-ups to issue sweat equity shares not exceeding 50% of its paid-up capital. Within 5 years of incorporation or registration. Now Start-ups can issue equity shares to their employees for up to 10 years from the date of their incorporation or registration. This will give…
Central board of indirect tax releases a new notification for taxpayer require to file NIL Form of GSTR-3B Now taxpayer can file NIL GSTR3B through an SMS, apart from filing it through online mode, on GST Portal. This would increase the ease for the taxpayer over 22 lakh registered taxpayers. To file NIL Form GSTR-3B…
Modi government announces a big budget package of 20 lakh crore a relief in this COVID-19 pandemic Government took six major steps in MSMEs these are as follows: Step-1 20% top-up loan, to outstanding loan (as on 29.02.2020) Collateral Free Automatic Loan for MSME. Those MSME having Loan up to 25cr and turnover up to…
RBI by its latest announcement vide dated 27 April, 2020 releases 50000crore Special Liquidity Facility for Mutual Funds with a view to easing liquidity pressure on Mutual Fund due to the COVID-19 pandemic. Under this Special Liquidity Facility for Mutual Funds RBI will conduct repo operation of 90 days tenure at fixed repo rate. Funds…
Government of India has amended the Foreign Direct Investment (FDI) policy for India’s neighboring countries to discourage opportunistic investment in Indian companies in the midst of the COVID-19 pandemic. According to this amendment, FDI investments into Indian companies from the neighboring countries will now require permission from the Indian government. Before this new amendment FDI…
Certain Changes made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs) by GST department. These changes are likely to be implemented on the GST portal with effect from 14.04.2020. During the implementation of this change, any data which is lying in Form GSTR-6 of ISDs, in saved stage, will…