uday kotak

Son of India’s richest banker isn’t in the running to lead Kotak Mahindra Bank

Jay Kotak, son of founder Uday Kotak who has led the business since establishing it in 1985, is not a contender for the role, according to KVS Manian, the firm’s whole-time director. The billionaire will transition from his chief executive position by the end of next year, after central bank guidelines capped tenures for Indian …

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Today is last dates for filing returns under these categories

Update- GST on Gold

Goods and Services Tax (GST) will have to be paid only for profit on resale of old or second hand gold jewellery. This arrangement has been given by the Authority of Advance Ruling (AAR) of Karnataka. Aadya Gold Pvt Ltd, based in Bengaluru, the capital of Karnataka, had filed an application in the AAR. In …

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E-PAN CARD DOWNLOAD

Lost Your PAN Card? Download e-Pan card from the new website like this, know process

Income Tax Department has recently launched a new website. Through which you can download your e-PAN in minutes sitting at home. Let’s know that its easy process. E-PAN Download Process If you want to download your e-PAN, then login to the Income Tax Department website. Its link is given below. https://www.incometax.gov.in/iec/foportal Now click on ‘Instant …

Lost Your PAN Card? Download e-Pan card from the new website like this, know process Read More »

44th GST Council Meeting on 12th June 2021

Finance Minister Smt. nsitharaman will chair the 44th GST Council meeting via video conferencing at 11 AM in New Delhi. The meeting will be attended by MOS Shri. anuragthakur besides Finance Ministers of States & UTs and Senior officers from Union Government & States.

bank news

Government may privatize Central Bank of India and Indian Overseas Bank: Report

The Times of India has reported that the central government may sell its stake in Central Bank of India and Indian Overseas Bank under the policy of privatization announced during the Union Budget in February 2021. As a report, NITI Aayog has recommended disinvestment of both the banks. Apart from this, there is also a …

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Pfizer Child Vaccine for Child

Pfizer will test its Covid-19 vaccine on a large scale on children under the age of 12

Pfizer has said that in this campaign to provide vaccines for young children, 4500 children will be tested at more than 90 clinical sites in America (US), Finland, Poland and Spain. American pharma company Pfizer is now going to conduct a large-scale trial of its vaccine in children below the age of 12 years. Pfizer …

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NEW INCOME TAX PORTAL

The new income tax portal will be system stable within a week: Nandan Nilekani (co-founder of Infosys)

The new e-filing website of the Income Tax Department was launched on 7 June. The new e-filing portal will facilitate the filing process and enhance the end user experience. Nirmala Sitharaman ji, we saw some technical problems on the first day and are fixing them. Infosys is sorry for these issues and expects the system …

The new income tax portal will be system stable within a week: Nandan Nilekani (co-founder of Infosys) Read More »

Ruchi Soya FPO: Baba Ramdev-led Ruchi Soya to bring an FPO of Rs 4,300 crore by the end of February

Growing pace of yoga guru Baba Ramdev’s company, investors made a lot of money

The share price of Yogguru Baba Ramdev’s company Ruchi Soya has gone up by 5 percent to the level of Rs 1316. The same market capital is close to Rs.39 thousand crores. For the past few days, the stock market has reached record levels. In the meantime, Baba Ramdev’s company Ruchi Soya has also seen …

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Bitcoin crosses the $50,000 level again

Bitcoin: El Salvador becomes the first country to legalize cryptocurrency

El Salvador Congress on June 9 approved a bill to make bitcoin, the world’s largest cryptocurrency, the legal currency of the country. This Central American country has become the first country in the world to declare bitcoin a legal currency. El Salvador President Nayib Bukele further said that the US dollar will continue to be …

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Online EPF Transfer Process from EPFO member portal

EPFO changed this important rule, update the account as soon as possible. Know Process

Important news for EPFO ​​subscribers. The organization has changed a rule, which can be difficult for the employed. Actually, the organization has made it necessary to link the Universal Account Number (UAN) of the PF account with the Aadhaar card. For this, EPFO ​​has made changes in section 142 of the Social Security Code 2020. …

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Most Important Update in Income Tax Now Govt has issued a circular regarding to remove the extra burden on the deducters : stated the new option has to introduced : Compliance Check for Section 206AB & 206CCA

Income Tax Department to launch its new e-filing portal tomorrow

http://www.incometax.gov.in The new e-filing portal is aimed at providing convenience and a modern, seamless experience to taxpayers. Finance Ministry said, the new taxpayer friendly portal integrated with immediate processing of Income Tax Returns and quick refunds to taxpayers. All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action …

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India SME Investments invests 60 crores in KreditBee

India SME Investments invests 60 crores in KreditBee, personal loan app raised 507 crores in March

SIDBI-backed private equity fund India SME Investments has invested Rs 60 crore in its portfolio company KreditBee. With this it has expanded its portfolio in the Banking, Financial Services and Insurance (BFSI) segment. This is the tranche of investment from the fund, which had invested Rs 28.4 crore in Krazybee Services in September 2019, in …

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gst Central Tax

CBIC Notification changes in CGST rates of various services as recommended by GST Council in its 43rd meeting

Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 43rd meeting held on 28.05.2021 vide Notification No. 02/2021 – Central Tax (Rate) | Dated 2nd June, 2021. MINISTRY OF FINANCE(Department of Revenue)New Delhi Notification No. 02/2021 – Central Tax (Rate) | Dated 2nd June, 2021 G.S.R. 377(E).— In …

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CBIC- Notification No. 26/2021 – Central Tax- Dated 1st June, 2021

CBIC extend the due date for furnishing of FORM ITC-04 for Quarter Ended (QE) March, 2021 to 30.06.2021 vide Notification No. 26/2021 – Central Tax

Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNew Delhi Notification No. 26/2021 – Central Tax-  Dated 1st June, 2021 G.S.R. 370(E).—In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and sub-rule (3) of rule 45 of the Central …

CBIC extend the due date for furnishing of FORM ITC-04 for Quarter Ended (QE) March, 2021 to 30.06.2021 vide Notification No. 26/2021 – Central Tax Read More »

Monthly GST return filing deadline extended till June 26

Monthly GST return filing deadline extended till June 26

The government on Monday said the deadline for filing monthly GST sales returns for May has been extended by 15 days till June 26. The GST Council, chaired by the Union Finance Minister and comprising state counterparts, on May 28 had decided to extend certain compliance relaxations on account of COVID-19. The Central Board of …

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Extension of the due date of filing Application for Revocation of Cancellation of Registration

Extension of the due date of filing Application for Revocation of Cancellation of Registration

“In view of the decision of GST Council taken in its 43rd meeting dt. 28.05.2021, the timeline for filing of the ‘Application for Revocation of Cancellation’ for those applicants, for whom the due date of filing such application was falling between 15 April to 29th June, 2021, has been extended up to 30th June, 2021.” …

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Customer Due Diligence for transactions in Virtual Currencies (VC)

RBI has given good news to Wallet and payment card users like Paytm Phonepe

The RBI has also allowed withdrawals up to Rs 10,000 every month to PPI holders with full KYC by non-banking units. The Reserve Bank of India (RBI) has good news for payment card and wallet users. The RBI has also allowed withdrawals up to Rs 10,000 every month to PPI holders with full KYC by …

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Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

[BIG BREAKING] Income Tax Return, Tax Audit Due Date & Other Due Dates Extended

Income tax return, tax audit due date & Other dates extended Circular No. 9 of 2021 F.No.225/49/2021 -ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, Dated 20th May, 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Board of …

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Depreciation

Updated Rates of Depreciation as Per Income Tax Act, 1961

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset’s value has been used up. Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use. …

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Changes in GST from 1st April 2021 You Must Know

GST Update- Generation of GSTR-2B for April 2021: Team GSTN

Rule-60(7) of CGST Rules-2017 prescribes for generation of auto-drafted statement containing the details of input tax credit in FORM GSTR-2B for counter-party recipients. As per Rule-60(8) of CGST Rules-2017, FORM GSTR-2B shall be made available to the recipients after the Due date of filing GSTR-1/IFF by the suppliers. Notification No. 12/2021-CT and 13/2021-CT, both dated …

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EPF CONTRIBUTION RATE

Maximum assurance benefit payable under EDLI Scheme [Notification]

File No. EDLI/Committee-Exem./Extension/2019 EMPLOYEES’ PROVIDENT FUND ORGANISATIONMINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIAHead OfficeBhavishya Nidhi Bhawan, 14, Bhikaiji cama Place, New Delhi – 110066website : http://www.epfindia.gov.in, http://www.epfindia.nic.in E-File No: 27058 Date:29.04.2021 To, All ACC (Zones) All RPFC (in Charge of ROs) Subject: Gazette Notification No. GSR 299(E) dated 28.04.2021 – Reg. Madam/Sir, Please find enclosed a …

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MINISTRY OF AYUSH

Ayush 64 medicine will be available for free at 25 places, these patients of Corona will benefit

AYUSH-64 medicine of Ministry of AYUSH has been found to be very effective for patients with mild and moderate symptoms of corona. The Ministry of AYUSH will distribute AYUSH 64 medicine free in Delhi from Saturday. Seeing the usefulness of AYUSH-64 medicine, the AYUSH ministry is distributing it free of cost to the people. There …

Ayush 64 medicine will be available for free at 25 places, these patients of Corona will benefit Read More »

WEST BENGAL

Complete lockdown in West Bengal, private vehicles, taxis, metro also closed from 16 to 30 May

Complete lockdown in West Bengal In order to break the Corona infection chain in West Bengal, it has been decided to implement a complete lockdown on the state for 15 days. The state will have a lockdown from May 16 to May 30 tomorrow. State officials said that during this 15-day lockdown, the movement of …

Complete lockdown in West Bengal, private vehicles, taxis, metro also closed from 16 to 30 May Read More »

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