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Jul 29, 2020

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CBDT signs MoU with MSME ministry to share data

The Income-Tax Department will start sharing data on depreciation, sales and gross turnover of Micro, Small and Medium Enterprises (MSMEs) as reported in their ITRs with the Union...

Minister Gadkari asks MSMEs to use 'Champion' portal to resolve problems

Union Minister of Micro, Small and Medium Enterprises (MSME) has asked MSMEs to use 'Champion portal' to resolve problems. While speaking at the 'Small Business Virtual Summit' themed Rukna...

FM expects Income-Tax Department to make taxation even more simple & responsive

As the Central Board of Direct Taxation (CBDT) observes 160th Income Tax Day towards nation-building, the Union Finance Minister Nirmala Sitharaman lauded the IT Department for being responsive...

IT Dept to share taxpayer info with 10 central intelligence under NATGRID

The Income Tax Department (IT) will share PAN and bank account details of any entity with 10 investigative and intelligence agencies under the integrated counter-terrorism platform National Intelligence...

Merchandise export scheme module blocked from accepting new applications

The Directorate General of Foreign Trade (DGFT), on July 23, blocked the MEIS module from accepting new applications for shipping bills with let export order (LEO) beginning April...

Proposed amendments to Rubber Act

There have many news reports in print and visual media about repeal of Rubber Act as well as regarding the amendments proposed to it. This press note is...

Cooper Tire Serbia to Increase Capacity at Kruševac Facility

Serbian government provides approximately $8 million (USD) in incentives Cooper Tire Serbia, a subsidiary of Cooper Tire & Rubber Company, today announced it is well underway on a construction...

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