CBDT issues clarification on short deduction of TDS/TCS
CBIC clarifies about cases where deductors or collectors were held to be assesse in default for short deduction of TDS/TCS because final transaction was done before laying of the Finance (No. 2) Bill, 2019 before the parliament (i.e. July 05, 2019).
Department of Commerce eases lockdown hardships of exporters through a number of relaxations / extensions
Department of Commerce, Ministry of Commerce and Industry has vide a no. of notifications, has introduced several relaxations and extensions in with regard to compliances and deadlines mandated under its Regulations and directions.
The Ministry of Home Affairs issues new set of lockdown guidelines with certain relaxations
In order to mitigate the hardship of the public and to relax restrictions for the daily wage workers and farmers, select additional activities like agriculture, transport, construction, banking, e-commerce etc. have been allowed with effect from 20th of April in the areas which are not declared as Containment Zones.
EPFO extends the date for filing e-challan to 15th May 2020
the due date for filing of Electronic Challan Cum Return (ECR) for wage month March 2020 is extended up to May 15, 2020 for employers who have paid wages to their employees for March 2020.
SEBI allows Capital and Debt Market services to remain operational during lockdown
Entities providing capital and debt market services will continue to remain operational during the nationwide lockdown which is extended till 3rd May 2020 to tackle the COVID-19 pandemic.
FSSAI issues Food Hygiene and Safety guidance for Food Businesses to combat COVID-19
FSSAI has released Guidance for FBOs to operate during lock down period. The guidance mandates safety and hygiene measures as precautionary steps against the Pandemic.
Time extended for furnishing information to the director under the Prevention of Money Laundering Act
The Ministry of finance vide its notification dated 13th April 2020 has published the Prevention of Money-laundering (Maintenance of Records) 2nd Amendment Rules, 2020 to further amend the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The Principal Officer of a reporting entity shall furnish the information every month to the director by 15th day […]
CBIC launches e-gate passes to expedite import clearance process.
CBIC has launched electronic delivery of gate passes and final bills of entry to customs brokers and importers to simplify import clearance process by reducing human interface and help tackle the scourge of COVID-19.
