• Wed. Nov 20th, 2024

Extension of due date of furnishing of Income Tax Returns and Audit Reports for FY 2019-20

Posted On: 24 OCT 2020 2:27PM by PIB Delhi In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19,…

Scheme for grant of ex-gratia payment of difference between compound interest – Scheme Letter

F. No. 2/12/2020-BOAIGovernment of IndiaMinistry of FinanceDepartment of Financial Services – Dated 23rd October 2020 State Bank of India (SBI) All India Financial Institutions (AIFIs)-3. All Nationalised Banks All Banking…

Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De- caution Listing of Exporters’ – Review

Please refer to Para 4 of Statement on Development and Regulatory Policies issued on October 9, 2020. In this connection, attention of Authorised Dealer Category – I banks (AD banks)…

Tax Collected at Source (TCS) on Sale of Goods w.e.f. 01-10-2020

Eligibility, Applicability and all about Bonus Act, 1965

Let us see about various aspects of Bonus Act and its applicability in this article : Who is employee as per Bonus Act? Any person, not being an apprentice, working…

Stricter Guidelines for Opening of Current Accounts by Banks – Step towards curtailing Diversion of Funds

Issuing Authority: Reserve Bank of India. Notification Number: RBI/2020-21/20. Applicable to: Banking sector. Date of issue: 6th August 2020. Summary: The digital revolution occurring in financial services – with more…

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) and All Small Finance Banks Madam / Dear…

Long Form Audit Report (LFAR) – Review

RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All…

Resolution Framework for COVID-19-related Stress – Financial Parameters – RBI

RBI/2020-21/34 DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co- operative Banks…

INFORMATION UTILITY

Preamble: Information Utility is a platform to submit information of a debtor by a creditor which acts a repository of information to substantiate the existence of debt. National E-Governance Services…