News Updates

RBI : Fixed Deposits (FDR) will not be automatically renewed and such deposits will get saving bank interest rate.

As per RBI Circular dated 02.07.2021 A term Deposit ( Fixed Deposit FDR) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to saving deposits or interest rate on term deposit , whichever is lower. Now, its alarming note for Investors whose Fixed Deposits ( FDR)...


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MSME : Retailer and Wholesaler Now Part of MSMEs

As per the Various representation received from different Stakeholder government decided to include Retail and wholesale trades as MSMEs and they are allowed to be registered on Udyam Registration Portal. By this 2.5 Crore retail traders and wholesalers get benefits of MSMEs Schemes of Governments. Now, Retailers and wholesalers can claim exemption in Trademark and...


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IEC: Last date for modification/ updation of IEC has been extended up to 31.07.2021

In continuation to the DGFT notification No. 58, dated 12.02.2021, it is to inform that last date for modification/ updation of IEC has been extended up to 31.07.2021.


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IEC: Annual Updation of IEC last date 30 June, 2021

As per the Public Notice No. 49/2015-20 Dated 31st March, 2021 It is mandatory to update IEC Annually during the period April to June and no fee shall be charged on application for updation of IEC between April- June of each Year. Source  Disclaimer:- This is for information purposes nearxpert.com is not responsible for the correctness of the information...


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GST: Due date of filing Application for Revocation of Cancellation of Registration is Extended

31/05/2021 “In view of the decision of GST Council taken in its 43rd meeting dt. 28.05.2021, the timeline for filing of the ‘Application for Revocation of Cancellation’ for those applicants, for whom the due date of filing such application was falling between 15 April to 29th June, 2021, has been extended up to 30th June,...


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31 May 2021 last Date for filing Belated Income Tax Return for year Ending 31 March 2020

CA Hemraj Singh Rao Adv/CS Jeetam Saini  About Author - CA Hemraj Singh Rao is practicing Chartered Accountant and deals in Direct and Indirect Tax and may be contacted at +91- 91192 90892 and Adv/CS Jeetam Saini is practicing advocate and Company Secretary - +91-9785949998   इनकम टैक्स रिटर्न AY 2020-21: ITR की आखिरी तारीख 31st मई 2021, जरूरी...


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Pfizer says it will supply coronavirus vaccine only to central governments

"Pfizer will supply Covid-19 vaccine only to central governments and supra-national organisations for deployment in national immunization programs. Allocation of doses and implementation plan within a country is a decision for local governments based on relevant health authority guidance," said Pfizer. Amid claims from Punjab, Delhi governments about refusal of supply of coronavirus vaccines from...


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