Category Archives: Direct Tax

Classification and Procedure for Registration of MSMEs

Ministry of MSME vide Notification dated 26 June 2020 has notified criteria for classifying the enterprises as MSME and prescribed form and procedure for registration of MSMEs w.e.f 1 July 2020 For details, please refer attached note:- Classification and Procedure for … Continue reading

Posted in Direct Tax |

Further Extension Of Certain Due Dates By CBDT vide Notification No. 35 of 2020 dated 24th June 2020

CBDT vide Notification No. 35 of 2020 dated 24th June 2020 has provided relief to the taxpayers by further extending certain due dates for making compliances which were extended originally through the Taxation and Other Laws (Relaxation of Certain Provisions) … Continue reading

Posted in Direct Tax |

Final Notification on the Manner of Calculating Remuneration to Eligible Fund Manager u/s 9A

CBDT issues final notification on the manner of calculating remuneration to eligible fund manager u/s 9A of the Act. For details, please refer the attached document: Final Notification on the Manner of Calculating Remuneration to Eligible Fund Manager under section … Continue reading

Posted in Direct Tax |

Key Highlights of Measures taken by RBI on 22nd May, 2020

Key Highlights of measures taken by RBI on 22nd May, 2020. For details, please refer the attached document: Key Highlights of Measures taken by RBI on 22 May 2020 Disclaimer:- The information contained herein is in summary form based on Press … Continue reading

Posted in Direct Tax, Finance Budget |

Key Highlights of 5th Tranche of Stimulus Package by Finance Minister on 17th May, 2020

Key Highlights of 5th tranche of Economic Stimulus announced by Hon’ble Finance Minister of India Smt. Nirmala Sitharaman on 17.05.2020. For details, please refer the note: Key Highlights of 5th Tranche of Stimulus Package by FM dated 17th May, 2020 DISCLAIMER: … Continue reading

Posted in Direct Tax, Finance Budget |