taxconcept, Author at TAX CONCEPT

Corporate Compliance Calendar TC VIP Content

Corporate Compliance Calendar for the M/o August, 2021

taxconceptAugust 1, 2021August 1, 2021

Monthly Compliance Calendar for August 2021 ((Track due dates) This article contains various Compliance requirements for the Month of August, 2021 under Statutory Laws. Compliance means “adhering to rules and...

GST

₹1,16,393 crore gross GST revenue collected in July, 2021

taxconceptAugust 1, 2021

➡️₹1,16,393 crore gross GST revenue collected in July, 2021 ➡️ The revenues for the month of July 2021 are 33% higher than the GST revenues in the same month last...

INDIA

PM Narendra Modi’s Twitter followers cross 70 million mark

taxconceptJuly 28, 2021July 28, 2021

BANK

Big decision of the central government, if the bank sinks, now the account holders will get money within 90 days

taxconceptJuly 28, 2021July 28, 2021

In order to secure the earnings of the account holders in the event of the bank sinking, the cabinet today approved amendments to the Deposit Insurance Act. With the help...

ICAI

ICAI Students’ Journal – The Chartered Accountant – August 2021 Issue To Access the Journal /students-journal

taxconceptJuly 28, 2021July 28, 2021

[embeddoc url="https://taxconcept.net/wp-content/uploads/2021/07/65781studentjournal-aug2021a.pdf" download="all"]

BUSINESS & ECONOMY

Registry not to insist on late condonation application and strictly follow the order of Hon’ble SC : CESTAT Chairman

taxconceptJuly 27, 2021July 27, 2021

Registry not to insist on late condonation application and strictly follow the order of Hon'ble SC : CESTAT Chairman Read official Memorandum

INCOME TAX

Income Tax Department carried out a search operation under section 132 of the Income – tax Act, 1961

taxconceptJuly 26, 2021

Income Tax Department carried out a search operation under section 132 of the Income - tax Act, 1961 on 22.07.2021 on a prominent business group, which is involved in businesses...

INCOME TAX

Income Tax Department conducts searches group in Uttar Pradesh dealing in Mining

taxconceptJuly 26, 2021

Income Tax Department carried out a search operation on 22.07.2021 on a group in Uttar Pradesh dealing in Mining, Hospitality, News Media, Liquor and Real Estate. The search began in...

BUSINESS & ECONOMY

Significant improvement in India’s score in United Nation’s Global Survey on Digital and Sustainable Trade Facilitation

taxconceptJuly 23, 2021

India has scored 90.32% in United Nation’s Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation. The Survey hails this as a...

GST TC VIP Content

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

taxconceptJuly 22, 2021July 22, 2021

Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4Background: Since FY 2019-20, composition taxpayers...

INCOME TAX

Have the problems of the new Income Tax Portal gone right? Know what the government gave Reply in Parliament

taxconceptJuly 21, 2021July 21, 2021

The issue of technical difficulties in the new income tax portal also arose in the Parliament. The government has informed the Parliament about the problems of the portal. The government...

GST

Do you know how to change bank account details on the GST Portal?

taxconceptJuly 21, 2021July 21, 2021

Do you know how to change bank account details on the GST Portal? Login to the GST PortalGo to "Services"Click on the tab 'Amendment of Registration Non-Core Fields'Select tab 'Bank...

CBDT

CBDT grants further relaxation In filing of Income Tax Forms 15CA/15CB

taxconceptJuly 20, 2021July 20, 2021

CBDT grants further relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of the forms online on https://t.co/GYvO3n9wMf. Date for submission...

GST

GST on Housing Societies

taxconceptJuly 19, 2021July 19, 2021

GOODS AND SERVICES TAX GST on Housing Societies Directorate General of Taxpayer ServicesCENTRAL BOARD OF INDIRECT TAXES & CUSTOMS [pdfjs-viewer viewer_width=0 viewer_height=800 url=https://taxconcept.net/wp-content/uploads/2021/07/GST_ON_Co-operative_housing_Societies0509.pdf download=true print=true fullscreen=true fullscreen_target=true fullscreen_text="on" zoom=0 search_term=""...

ICAI

Relaxations from Regulatory Compliances due to Outbreak of COVID-19 pandemic-Part II by CL&CGC ICAI

taxconceptJuly 19, 2021July 19, 2021

[embeddoc url="https://taxconcept.net/wp-content/uploads/2021/07/65529clcgc52858.pdf" download="all"]

INCOME TAX

INCOME TAX RETURN: Now you will also be able to do ITR file in your nearest Post Office, know how?

taxconceptJuly 18, 2021July 18, 2021

Now filing IT return will be easy, because India Post is also now giving you the facility to file ITR at the Common Service Center (Post Office, CSC) counter of...

MCA/ROC

MCA UPDATE- Check the latest version before filing, New eform MGT-7A and revised eform MGT-7 in line with the Companies

taxconceptJuly 16, 2021July 16, 2021

New eform MGT-7A and revised eform MGT-7 in line with the Companies (Management and Administration) Amendment Rules, 2021 shall be available for filing under MCA21 Company forms download page shortly....

BUSINESS & ECONOMY Students

KaizenEdu – A Virtual Education platform for Commerce Professional Students

taxconceptJuly 15, 2021July 15, 2021

CLICK HERE TO INSTALL KaizenEdu APP We guide, enlighten, train and motivate Indian commerce professional students in choosing and walking their career path through informational products on our virtual platform....

NATIONAL NEWS

PM Narendra Modi launches multiple development initiatives in Varanasi

taxconceptJuly 15, 2021July 15, 2021

Prime Minister will visit Varanasi on 15th July, 2021. He will inaugurate and lay the foundation stone of multiple development projects during the visit. At around 11 AM, Prime Minister...

RBI

Due date extended : The last date for FLA return extended till 31st July 2021

taxconceptJuly 14, 2021July 15, 2021

Update:- Due date extendedThe last date for FLA return extended till 31st July 2021 The last date for submission of FLA Returns - 2021 has been extended to July 31,...

GST TC VIP Content

GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal

taxconceptJuly 14, 2021July 14, 2021

Invite to Taxpayers for GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal In Hindi on Wednesday, 14th July 2021 (4:00 PM) at Link

GST

Communicate with your supplier and track unreported invoices

taxconceptJuly 14, 2021July 14, 2021

Communicate with your supplier and track unreported invoices. TRACK UNREPORTED INVOICES FOR ITC "Communication Between Taxpayers" facility Taxpayers can communicate with supplierUpload details of missing invoicesDetails get reflected in supplier's...

BANK

Bank Alert! IFSC Codes Changed by Many Banks, Update Details for Banking

taxconceptJuly 12, 2021July 12, 2021

Account holders note that if you have any standing instructions or schedule payments, remove them first. The banks which are being merged are as follows -Syndicate Bank merged with Canara...

INCOME TAX

A month after its launch, how is the new income tax website going now?

taxconceptJuly 12, 2021July 12, 2021

It has been a month since the new Income Tax Portal was launched, but so far its technical shortcomings have not been overcome. The Finance Minister had also reviewed the...

EPFO

Amendment in EDLI Scheme, 1976 during COVID-19 Pandemic

taxconceptJuly 11, 2021July 11, 2021

As an Amendment in EDLI Scheme, 1976, Family and Dependents of EPF Members can now avail financial assistance during COVID-19 Pandemic.

INCOME TAX

Updated Some important dates related to income tax

taxconceptJuly 11, 2021July 11, 2021

The Income Tax Department has extended the deadline for completing many tasks related to income tax for the convenience of taxpayers. In a notification issued by the Ministry of Finance,...

BANK

Important Notice: SBI Account Holders Link their PAN with Aadhaar

taxconceptJuly 10, 2021July 10, 2021

We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service.

BUSINESS & ECONOMY

Have become a victim of online fraud or cybercrime, know where to complain

taxconceptJuly 10, 2021July 10, 2021

Hackers online fraud has also increased. Someone can steal your password and withdraw money from your account, then someone can harm you through phishing. In that case you need to...

Markets News NSE

NSE: Guidance Note for Companies Undergoing Corporate Insolvency Resolution Process

taxconceptJuly 10, 2021July 10, 2021

Guidance note for companies undergoing Corporate Insolvency Resolution Process NSE _ Guidance note for companies undergoing CIRP.pdf [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/07/NSE-_-Guidance-note-for-companies-undergoing-CIRP.pdf" download="all"]

BUSINESS & ECONOMY

India Industrial Land Bank, a GIS-based portal, is a repository of industrial infrastructure related information

taxconceptJuly 10, 2021July 10, 2021

India Industrial Land Bank, a GIS-based portal, is a repository of industrial infrastructure related information. It serves as a decision support system for remote investors scouting for land, providing real-time...