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Economy

2096 posts

Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

Tax-savings investments made in FY 2019-20 extended till 30 June 2020

Taxpayers who have not been able to complete their tax-saving investments for…

Finance Ministry May Propel Another Relief Plan to Fix the Disturbed Economy

Sources say that the Finance Ministry is working on a second relief…
GSTR-9

Advance Ruling Authority says Director’s Remuneration Attract GST

“Companies will have to pay GST on their director’s remuneration”, the Advance…
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CBIC notifies new GST extensions amid COVID-19-led lockdown

In March 2020, our Union FM had announced several relief measures to…
TDS return

Form 15G and 15H submitted for FY 2019-20 is valid up to 30 June 2020

Form 15H and 15G submitted for claiming nil tax or TDS will…
Corporate tax

Bombay High Court Favours Department about TRAN-1 Time Limit

The Bombay High Court states that the tax department has the power…
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GST Collection for March Stands at Rs 97,597 Crore

The gross GST collection for March 2020 stands at Rs 97,597 crore,…

IMF Declares a Global Recession; UN Keeps India and China in Exceptions

The Coronavirus pandemic has affected more than 200 countries across the globe.…

CBIC Clarifies on Utilisation of ITC in Case of Mergers & Acquisitions

Entities undergoing company reorganisation by merger, demerger, amalgamation, ownership change and asset…
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PM CARES Fund Donation to Qualify as CSR Spending

Firms will now be able to fulfil their Corporate Social Responsibility (CSR)…