Day: May 27, 2019
Transfer of the property by irrevocable power of attorney not valid mode of transfer u/s 2(47). ITAT follows Supreme Court judgment against section 2(47)(vi) ABCAUS Case Law Citation: ABCAUS 2969 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Suraj Lamp Pvt Ltd v/s State of …
Enhanced disclosure in case of listed debt securities-SEBI Circular Securities & Exchange Board of India Circular SEBI/ HO/ MIRSD/ DOS3/CIR/P/2019/68 May 27, 2019 To, All Issuersof debt securities All registered Debenture Trustees,All registered RTAs/STAs acting on behalf of listed issuersAll recognized Stock Exchange(s) Dear Sir/Madam, Subject: Enhanced disclosure …
Draft notification to amend the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. __/2019 – Customs (N. T.) New Delhi, the __May, 2019 G.S.R. (E). – In …
CBDT further extends term of Task Force to draft a new direct tax law by a period of two months to submit its report by July 31, 2019 F No 370149/230/2017- Part (3) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL …
Commission paid to non-resident outside India for the services rendered outside India will not fall in the category of the income received for deemed or received in India as well as accrues or arises or is deemed to accrue or arise in India ABCAUS Case Law Citation: ABCAUS …
Penalty u/s 271B deleted for frequent change of Managing Director resulting delay in statutory audit causing delay in audit u/s 44AB within stipulated period. ABCAUS Case Law Citation: ABCAUS 2967 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Rajasthan Rajya Vidhyut Utpadan Nigam Ltd. vs. …
RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as …