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Government introduced new education policy 2020
The new education policy in 2020 is announced by the government Salient Features of NEP 2020: Higher Education Optimal Learning Environments and Support for Students Institutions and faculty will have the autonomy to innovate on matters of curriculum, pedagogy, and assessment within the broad
Sovereign Gold Bond 2020-21 Series V
Sovereign Gold Bond 2020-21 Series V Why Sovereign Gold Bond 2020-21 Series V? Assured interest 2.5% p.a. payable half-yearly. Tradable on stock exchanges in Demat Form No capital gain on redemption No TDS & Making charges It is a safe investment with low returns. The good
9th Revised Background Material on GST Volume-I: ICAI
9th Revised Background Material on GST Volume-I: ICAI Chapter 1 Preliminary 1. Short title, extent, and commencement 2. Definitions Statutory Provision 1. Short title, extent, and commencement (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to
TCS on Sales & Overseas Tour Program to be Effective from 01.10.2020
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th July 2020 INCOME-TAX G.S.R. 464(E).—In exercise of the powers conferred by section 197 and 206C read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central
Section 194J – TDS on Professional or Technical Fees
Meaning and applicability of Section 194J – TDS – Professional, Technical Fees Section 194J – TDS – Professional, Technical Fees- Any person who is paying fees to any resident person for specified services, then TDS is required to be deducted u/s 194J @ 10% if
Instruction Related to Indian AS to be Followed by the NBFCs Issued by RBI
To Non-Banking Financial Companies and Asset Reconstruction Companies implementing Indian Accounting Standards Madam / Sir, Implementation of Indian Accounting Standards Please refer to paragraph 3 of the Annex to our circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020, on the captioned subject, in terms of which
TDS Provisions under Income Tax Act, 1961 for FY 2019-20
TDS Provisions under Income Tax Act, 1961 for FY 2019-20 TDS stands for tax deducted at source. As per income tax act, any specified person making a specified payment is required to deduct tax at specified rates, if the payment exceeds a certain threshold. The
Section 194C – TDS on payment to contractor or subcontractor
Meaning and applicability of Section 194C Section 194C deals with the provisions for tax deduction at source at the time of payment to contractors/subcontractors. This section says that any person who pays money to the resident contractor (or subcontractor) for carrying out any work (including
Notification No. 21/2015-2020
Notification No. 21/2015-2020 Subject:- Amendment in the Export Policy of Personal Protection Equipment/ Masks S.O.(E) In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulations) Act, 1992 (No. 22 of 1992), as amended, read with Para1.02 and 2.01 of the Foreign
Gauhati HC in the case of M/s SC Johnson Products Pvt Ltd
Case Covered: M/s SC Johnson Products Pvt Ltd Versus The Union of India Facts of the Case: A petitioner is an industrial unit, which had set up its manufacturing unit in the North-eastern region on the basis of certain industrial policy by which 100% exemption
Kerala HC in the case of Alfa Group Versus The Assistant State Tax Officer
Case Covered: Alfa Group Versus The Assistant State Tax Officer Facts of the Case: The challenge in the Writ Petition is against Ext.P2 notice by which, goods belonging to the petitioner were detained in a parcel godown, on the ground that the value quoted in
Madras HC in the case of M/s.Shree M.Revathi Printers
Case Covered: M/s.Shree M.Revathi Printers Versus The Deputy Commissioner Ministry of Finance Facts of the Case: This matter is taken up for hearing through Video Conferencing mode. This writ petition is filed challenging the proceedings of the first respondent dated 28.02.2020, attaching the bank account