Govt extends deadline for income tax filing, GST compliance : Bulletin: Business Today
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Govt extends deadline for income tax filing, GST compliance

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Rashi Bisaria | December 31, 2020

Coronavirus impact: Govt extends deadline for income tax filing, GST compliance

The government has extended various tax compliance deadlines, including Income Tax Returns, tax audit reports and declaration under 'Vivad Se Vishwas Scheme, in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19 pandemic.

Farmers protest: Consensus between unions, govt on 2 issues, next talks on Jan 4

The sixth round of talks between the Centre and farmers' union leaders over farm laws concluded on Wednesday. The next round of talks is scheduled to be held on January 4 since consensus was achieved on only two issues.

India suspends international flights till January 31, 2021; cargo operations exempted

The Centre on Wednesday, December 30, extended the suspension of scheduled commercial international flights till January 31, 2021. However, restrictions will not apply on special flights as well as international air cargo operations. The DGCA has also suspended international flights to and from the UK till January 7. The suspension comes amid detection of 20 cases of a new infectious strain of COVID-19, which was first discovered in the UK.

Energy demand improves in November, but at a sluggish pace: Ind-Ra report

The demand for energy has yet again seen a year-on-year (Y-o-Y) growth for the third consecutive month in November 2020, according to a report published by India Ratings and Research (Ind-Ra). Electricity generation from renewable sources of solar and wind energy also saw a jump in November, increasing by 7.4 per cent and 11.6 per cent respectively.  

India's current account surplus moderates to $15.5 billion in Q2FY21: RBI

India's current account surplus remained in surplus during July-September quarter of the current fiscal on the back of increase in net services receipts due to higher net earnings from computer services. The surplus, however, moderated to $15.5 billion, or 2.4 per cent of the GDP, in Q2 FY21 as compared to $19.2 billion, or 3.8 per cent of GDP, in the April-June quarter of the current fiscal, RBI data showed

CBI books Hyderabad-based infra firm IVRCL for defrauding 8 public banks of Rs 4,300 crore

The Central Bureau of Investigation has filed an FIR against a Hyderabad-based firm and its officials for defrauding eight public sector banks of Rs 4,837 crore. The federal probe agency has filed the case on the complaint of the State Bank of India.

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