The Central Board of Direct Taxes has vide its Notification No 28/2021 dated 01st April 2021 notify the amendment in Tax Audit Report under section 44AB of the Income Tax Act, 1961. As per the said notification following changes has been done in the Tax Audit Report:- Tax Audit Report can be revised if any
The Central Board of Direct Taxes (CBDT) has extended the time limit for issuance of notice under section 148 of the Income-tax Act, 1961 vide its notification no 20/2021 dated 31st March 2021. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st March 2021 S.O. 1439(E). —In exercise of the powers conferred by sub-section (6C) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (INCOME-TAX) S.O. 3296(E).—In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.––(1) This
The Central Board of Direct Taxes (CBDT) has vide its notification no 26/2021 dated 31st March 2021 amend the Faceless Appeal Scheme 2020. Before Amendment After Amendment (xviii) “National e-Assessment Centre” shall mean the National e-Assessment Centre set up under scheme notified under sub-section 3A of section 143 of the Act; ‘(xviii) “National Faceless Assessment
Advance Ruling on ITC available on CSR expenses Since the inception of GST law, this question has been raised on various occasions whether CSR expenses which are mandatory in nature to be considered as incurred in the course of business or not. Accordingly, ITC availability of CSR expenses has always raised a question mark in
CBIC has vide its notification 33/2021 – Customs (N.T.) notify the www.icegate.gov.in portal as common portal under the Customs Act, 1962 for facilitating registration, filing of bill of entry, shipping bills, other documents and forms prescribed under the Customs Act, 1962. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of
The CBIC has vide its notification no 36/2021 – Customs (N.T.) notify the amendment in the bill of entry presented under the second proviso to sub-section (3) of section 46 of the Customs Act, 1962 which may be done by the importer on the common portal. The full text of the notification is as follows:-
The Ministry of Corporate Affairs (MCA) vide its Notification Dated 24th March 2021 amends Schedule III to the Companies Act, 2013 which deals with the format of Balance Sheet. Official Notification is as follows:- MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 24th March, 2021 G.S.R. (E).—In exercise of the powers conferred by sub-section (1) of
The Ministry of Corporate Affairs (MCA) vide its Notification Date appointed the 24th March 2021 for commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. (A) Vide Section 23 of the Companies (Amendment) Act, 2020 Central Government amends the sub-section (7) of Section 124 of the Companies Act, 2013 and replace
