COVID-19

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws

We are delighted to share our 75th E-Newsletter “Weekly Taxation Newsletter” dated 23rd May, 2022 from 15th May, 2022 to 22nd May, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, …

Weekly Taxation Newsletter from 15th May, 2022 to 22nd May, 2022 E-Newsletter latest Due Dates, Notifications, Case Laws Read More »

Insurance Companies Settled 93 Percent Cases Of COVID-19

Insurance Companies Settled 93 Percent Cases Of COVID-19

By bringing the COVID epidemic under the purview of health insurance, the central government has given great relief to the people. Ever since the outbreak of the pandemic, COVID has been brought under health insurance, government insurance companies have filed COVID insurance claims worth Rs 17,537 crore till December 2021. Union Minister of State for …

Insurance Companies Settled 93 Percent Cases Of COVID-19 Read More »

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Dear Readers,We are delighted to share our 66th E-Newsletter “Weekly Taxation Newsletter” dated 08th March, 2022 from 01st March, 2022 to 07th March, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case …

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc Read More »

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22]

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22]

1. SEBI UPDATES: [Sl.  Particulars  Link  1  Adjudication Order in respect of 13 entities in the matter of IPO of Channel Nine Entertainment Ltd  Click Here  2  Takeover – Eveready Industries Limited  Click Here  3  Adjudication order in respect of ABN Global Securities Private Limited in the matter of dealing in Illiquid Stock Options at …

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22] Read More »

Senior Citizens- Income tax and other benefits

Senior citizens or individuals who are above age 60 are provided with certain income tax benefits. From a higher income tax exemption limit to a higher deductible limit on health insurance premium to a higher TDS limit on income from deposits, there are several tax benefits to their advantage. Let us have a look at …

Senior Citizens- Income tax and other benefits Read More »

Corporate Compliance Calendar for March, 2022

ABOUT ARTICLE:  This article contains various Compliance requirements for the Month of March, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.  If you think compliance is expensive, try non‐ …

Corporate Compliance Calendar for March, 2022 Read More »

Budget 2022: Budget Should Be Focused On Boosting Consumption, Tax Exemption And Cheap Fuel Prices

Budget 2022: Budget Should Be Focused On Boosting Consumption, Tax Exemption And Cheap Fuel Prices

Only a few days are left for the presentation of the budget 2022. From common man to industries, all have high hopes from the Finance Minister. However, in the report of rating agency India Ratings, the government has also told the need to make some special provisions in the budget. According to the news of …

Budget 2022: Budget Should Be Focused On Boosting Consumption, Tax Exemption And Cheap Fuel Prices Read More »

CAIT Survey Reveals That 96 Percent Traders Of Delhi Are Demanding To Open Market Daily

CAIT Survey Reveals That 96 Percent Traders Of Delhi Are Demanding To Open Market Daily

Most of the traders of Delhi have demanded to open the market everyday. This has been revealed in the survey of CAIT (Confederation of All India Traders). In fact, CAIT conducted a survey among traders on the decision to continue the COVID restrictions in the capital. In this, 96 percent traders demanded to open the market …

CAIT Survey Reveals That 96 Percent Traders Of Delhi Are Demanding To Open Market Daily Read More »

Supreme Court Directions For Compensation To Persons Died Of COVID-19

Supreme Court Directions For Compensation To Persons Died Of COVID-19

The Supreme Court’s directions for compensation to persons who died of COVID-19. The directions are summarized as under: 1.) The next of kin of the deceased who died due to Covid-19 shall be paid ex-gratia assistance of an amount of Rs. 50,000. 2.) That this compensation shall be disbursed by the District Disaster Management Authority/ …

Supreme Court Directions For Compensation To Persons Died Of COVID-19 Read More »

Order to close all private offices of Delhi, only emergency offices will open

Order to close all private offices of Delhi, only emergency offices will open

Due to the increasing threat of Corona, orders have been given to close all private offices in Delhi. Now only private offices related to emergency services will open in Delhi. Everyone else will have to work from home. The positivity rate of corona in Delhi has increased to 25 percent. That’s why the Delhi government …

Order to close all private offices of Delhi, only emergency offices will open Read More »

Government Issues Revised Discharge Policy for COVID-19

Government Issues Revised Discharge Policy for COVID-19

Government has issued revised discharge policy for COVID-19 on 9th January 2022. The revised discharge policy is aligned with the COVID-19 clinical management protocol, guidelines for home isolation of mild COVID-19 cases and advisory on Covid 19 testing strategy issued by Ministry of Health & FW. The policy document contains guidelines for treatment and discharge …

Government Issues Revised Discharge Policy for COVID-19 Read More »

Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases

Government of India Ministry of Health & Family Welfare 5th January 2022 1.  Background Over the past two years, it has been seen globally as well as in India that majority of cases of COVID-19 are either asymptomatic or have very mild symptoms. Such cases usually recover with minimal interventions and accordingly may be managed …

Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases Read More »

COVID Vaccination: Registration For 15-18 Year Children Start From Today

COVID Vaccination: Registration For 15-18 Year Children Start From Today

Registration of corona vaccine is starting for 15 to 18 year old children in India. Prime Minister Narendra Modi had announced on Christmas that all children of 15 to 18 years in the country will be given the corona vaccine. Health Minister Dr Mansukh Mandaviya tweeted, “Children are safe, country’s future is safe! On the occasion …

COVID Vaccination: Registration For 15-18 Year Children Start From Today Read More »

Government Launches Universal Pass Cum Certificate For Fully Vaccinated Citizens. Know How To Download

Government Launches Universal Pass Cum Certificate For Fully Vaccinated Citizens. Know How To Download

Cases of corona virus in the country are not taking the name of decreasing. Ever since the new variant of Corona has knocked Omicron, new cases of corona are increasing in many states. In such a situation, the government is continuously running a vaccination drive, so that every citizen of the country gets vaccinated. But due to …

Government Launches Universal Pass Cum Certificate For Fully Vaccinated Citizens. Know How To Download Read More »

Big achievement.
50% eligible population🇮🇳 is fully vaccinated

हम होंगे कामयाब ✌🏼 Congratulations India 🇮🇳 It is a moment of great pride as over 50% of the eligible population are now fully vaccinated 💉 We will win the battle against COVID-19 together ✌🏼 HarGharDastak Dr. Mansukh Mandaviya The target of fully vaccinating 50% of the eligible population was fulfilled by the endless efforts …

Big achievement.
50% eligible population🇮🇳 is fully vaccinated
Read More »

1 billion doses-e7a9ec6f

India Hits the Billion Mark

India hits the 100 crore COVID Vaccination mark. It is a big confidence builder for any economy after such a Pandemic situation. It is remarkable to reach 1 billion mark for any nation within just 9 months. It shows the determination & the ability of our nation “INDIA” in beating the odds It is a …

India Hits the Billion Mark Read More »

Your Data on CoWIN Portal is Completely Safe: Government

Your Data on CoWIN Portal is Completely Safe: Government

Official twitter handle of Ministry of Information and Broadcasting for providing COVID news has tweeted that: Your data on the CoWIN portal is completely safe! Still, have doubts? Watch video in the tweet below. #IndiaFightsCorona: Your data on the #CoWIN portal is completely safe!✅ Still, have doubts? Watch this video to know more. For more …

Your Data on CoWIN Portal is Completely Safe: Government Read More »

Good News: Calcutta High Court Grants Relief in Revocation of Cancelled GST Registration of Taxpayer Who Was Not Able to Carry-Out Business Activities Due to COVID Norms

Good News: Calcutta High Court Grants Relief in Revocation of Cancelled GST Registration of Taxpayer Who Was Not Able to Carry-Out Business Activities Due to COVID Norms

Calcutta High Court has recently given a judgement in which the court has set aside the order issued by the GST department for rejection of application for revocation of cancelled GST registration which was filed by a taxpayer who was not able to carry-out business activities due to COVID norms. The court has also directed …

Good News: Calcutta High Court Grants Relief in Revocation of Cancelled GST Registration of Taxpayer Who Was Not Able to Carry-Out Business Activities Due to COVID Norms Read More »

Those who do not file GST returns will not be able to generate E-way bill from August 15, the government ended the relief

Those who do not file GST returns will not be able to generate E-way bill After August 15, the government ended the relief

GST Network has said that taxpayers who have not filed GST returns for two months till June 2021 or the June 2021 quarter will not be able to generate e-way bill After August 15. Experts say the move will help boost Goods and Services Tax (GST) collections in August, as pending GST returns are expected …

Those who do not file GST returns will not be able to generate E-way bill After August 15, the government ended the relief Read More »

IBC- Hefty Monetary Penalties to be imposed by an IP Agency

Weekly Taxation Newsletter

We thought it would help to give you a sense of what’s available to you by subscribing to this WEEKLY TAXATION NEWSLETTER.   Income Tax Updates  GST Updates  Custom/Excise Updates Important Case Laws International Updates NRI’s Updates  Brain Bites – Do you Know ?    We have been thrilled with the amazing response we received from our …

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IndusInd Bank approved by Reserve Bank of India to operate as 'Agency Bank'

IndusInd Bank approved by RBI to operate as ‘Agency Bank’, Now be able to transact govt revenue receipts under CBDT, GST

IndusInd Bank has been approved by the Reserve Bank of India (RBI) to operate as an ‘Agency Bank’. IndusInd Bank said that the decision of RBI will strengthen our presence in the government sector. With this IndusInd Bank has joined the select few private banks in the country to conduct general banking business on behalf …

IndusInd Bank approved by RBI to operate as ‘Agency Bank’, Now be able to transact govt revenue receipts under CBDT, GST Read More »

New functionality Deployed on GST Portal - July 2021

New functionality Deployed on GST Portal – July 2021

GST Portal has implemented various new functionalities on the GST Portal (Click Here), from time to time, for GST stakeholders. Latest Updates:The taxpayers, who have registered at GST portal but have not yet furnished their Bank Account details, are required to update it at GST Portal through non-core amendment, within 45 days of first login …

New functionality Deployed on GST Portal – July 2021 Read More »

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

Goods and Services Tax (GST) taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. Now Goods and Services Tax taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. For this, there will no longer be a need …

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify Read More »

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Ministry of Finance: Notification No. 63/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry …

Ministry of Finance: Notification No. 63/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Read More »

bank account in GST registration

GST Update: How to add bank account in GST registration details

Functionality to check and update bank account details A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017. Such taxpayers are required to update …

GST Update: How to add bank account in GST registration details Read More »

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Instructions by CBIC on Payment of GST by real estate promoter /developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the Financial Year

A revised GST rate has been prescribed, w.e.f. the 1st April, 2019 on the supply of service by way of construction of residential apartment. Under this, construction of affordable residential apartments attract GST at the rate of 1% [without ITC] and other residential apartments attract GST at the rate of 5% [without ITC]. (These rates …

Instructions by CBIC on Payment of GST by real estate promoter /developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the Financial Year Read More »

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Important updates for Individual and HUF- No need to file Form 10-IE in case ITR 1 or ITR 2

Option to opt for the new tax regime will be available for the taxpayers filing return of ITR 1 or ITR 2 in the return itself. There is no need for separate filing of Form 10-IE  Read below picture – relevant portion extracted – READ REGULAR BUSINESS NEWS? CLICK HERE TO DOWNLOAD APP