CBDT clarifies the meaning of ‘search case’ under Direct Tax Vivad se Vishwas Act, 2020
A ‘search case’ for the purposes of Vivad se Vishwas means an assessment or reassessment made under sections 143(3)/ 144/ 147/ 153A/ 153C/ 158BC of the Income-tax Act in the case of a person referred to in section 153A or section 153C or section 158BC or section 158BD of the Income-tax Act on the basis of search initiated under section 132, or requisition made under section 132A of the Income-tax Act.
MCA reduces penalty for contraventions by valuer
MCA has appointed the 24th March, 2021 as the date on which the provisions of section 23 and section 45 of the Companies Amendment Act, 2020 shall come into force
MCA notifies the Companies (Accounts)Amendment Rules, 2021.
For the financial year commencing on or after the 1st day of April 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.
The Companies (Audit and Auditors) Amendment Rules, 2021.
The report shall contain dividend declared or paid during the year by the company is in compliance with section 123 of the Companies Act, 2013.
GSTN issues advisory on opting in for the composition scheme for FY21-22.
Composition taxpayer needs to pay tax and furnish a statement, every quarter or part thereof, as the case may be, in FORM GST CMP-08 and shall furnish a return for every financial year or part thereof, as the case may be, in FORM GSTR-4.
The Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Amendment) Rules, 2021.
The Amendment brings in a new rule 23A which deals with Transfer of letter of intent for grant of mining lease or composite licence in certain cases.
