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The Composition Taxpayers can now prepare the Form GSTR-4 (Annual) using the offline utility for FY19-20. An EXCEL based offline utility (tool) has been provided on the GST portal for composition taxpayers to prepare their GSTR-4 (Annual) Return. Form GSTR-4…
In India every year, every company (listed/Non-listed or Indian/Foreign) is required to submit RBI due diligence report for the Previous Financial year to all the bankers with whom the company is having banking limits (Such as working capital loan, short…
The Sovereign Gold Bond (SGB) scheme 2020-21- Series V, issued by RBI is open for subscription from 03 Aug 2020 to 07 Aug 2020. The issue price of Series V has been fixed at Rs 5,334 per gram of gold,…
Ministry of Finance has issued a press release that states that IT Department is working very fast to complete all Faceless e-Assessments by mid-September. The IT Department in October 2019 rolled out the faceless e-assessment scheme that eliminates physical interface…
CBDT has extended the due date for filing of ITR (Income Tax Returns) for FY 2018-19 (AY 2019-20) by 2 months i.e. from 31st July 2020 to 30th September 2020, vide Notification in S.O. 2512 (E) dated 29th July 2020.…
All the countries in the world have adopted key economic policy measures to fight against COVID-19 & limit the impact of Coronavirus pandemic. Below are the details of key Economic measures adopted by the top 10 countries by GDP. 1.…
Finance Ministry on 19 June 2020 had invited bids From reputed professional consulting firms/ investment bankers/ merchant bankers/ financial institutions/ banks, independently (not in the consortium) for facilitating/assisting DIPAM (Department of Investment and Public Asset Management) in the preparatory processes leading…
The Income Tax (IT) Department is going to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from 20th July, 2020, the 11 days campaign ending on 31st July, 2020 focuses on the assessees/taxpayers who…
CBDT recently brought out the new form 26AS for ease of filing of Income Tax Returns (ITRs) by taxpayers. The new form is a faceless hand-holding of taxpayers, to help them with updated financial transactions, so as to facilitate voluntary…
At the 43rd Annual general meeting of Reliance Industries Limited, It’s Chairman Mukesh Ambani announced that Alphabet’s Google will invest 33,737 Crore in Jio Platforms for a 7.7 per cent. This development comes just 2 days after the Google announced that…