More time for submitting Forms 15G, 15H for FY2020-21 to avoid TDS
The Director (IT budget) CBDT by order u/s 119 permitted eligible tax payers to submit Form 15G/15H till June 30, 2020 for FY 2020-21. As per the order dated April 3, 2020 posted by the CBDT on its official twitter handle, “In case a person submitted valid 15G/15H to the banks/ for FY 2019-20, then…
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RBI notifies Changes in Market Hours from April 7
On Friday Reserve bank of India notified revision of trading hours of various markets between April 7, 2020, and April 17, 2020 (both days inclusive). The revised timings will be between 10AM to 2PM from April 7, 2020, for all under noted markets. All regular banking services for customers, including RTGS, NEFT, e-kuber and other…
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RBI extends realisation period of export proceeds from 9 months to 15 months
In view of the disruption caused by COVID-19 pandemic, Reserve Bank of India extended the time period for repatriation of fully realised export proceeds for exports made up to or on July 31, 2020. As per the new direction issued by RBI on April 1, 2020, exporters are required to fully realize and repatriate the…
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