Reserve Bank Enhances withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank Ltd to Rs. 25,000:
The online processing of refund applications and single authority disbursement has been implemented. The taxpayers are advised to take note of the following changes:
SEBI on consultation with stock exchanges has to reviewed the extant position limits in Interest Rate Derivatives.
The Central Board of Direct Taxes (CBDT), which frames policy for the tax department, issued an order stating some fresh directions for handling grievances of startups.
Income tax department has warned taxpayer about the fake Refund SMS and issued guidelines on reporting and identifying phishing emails and fake income tax websites.
GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting
GST rates reduction:
In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th and 19th September, 2019 has decided to permit generation of UDIN within 30 days in place of 15 days.
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors\’ observations.
The monetary limits fixed for filing appeals before ITAT/HC and SLPs /appeals before Supreme Court shall not apply in case of assesses claiming bogus Long Term Capital Gains/Short Term Capital Loss through penny stocks and appeals/SLPs in such cases shall be filed on merits.
