Month: April 2020
RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning RESERVE BANK OF INDIA RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …
No Penalty u/s 271(1)(c) merely due to quantum addition without making fresh verification during penalty proceedings ABCAUS Case Law Citation:ABCAUS 3299 (2020) (04) ITAT Important case law relied upon by the parties:National Textiles Vs. CIT 249 ITR 125. The issue involved in this case was related to penalty …
Relaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers SECURITIES AND EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/62 April 16, 2020 To, 1. Stock Brokers through Stock Exchanges 2. Depository Participants (DPs) through Depositories 3. Registrars to …
SEBI gives relaxation in timelines for compliance with regulatory requirements by trading members / clearing members Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/61 Dated: April 16, 2020 To,All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) Madam / Sir, Subject: Relaxation in timelines for compliance …
No Penalty u/s 271(1)(c) on cancellation of automatic deduction u/s 24(a) on wrong classification of income under house property than other sources ABCAUS Case Law Citation:ABCAUS 3298 (2020) (04) ITAT Important case law relied upon by the parties:CIT vs. Reliance Petroproducts (P) Ltd. 322 ITR 158CIT vs. Sambhav …
Expenses incurred during lull business period can not be denied to assessee when he was not able to generate any income. ABCAUS Case Law Citation:ABCAUS 3297 (2020) (04) ITAT In this case appeals had been filed at the instance of the Assessee against the separate orders of the …
Further Extension of dates for renewal of health and motor vehicle third party insurance policies installments due to lockdown Earlier the Government had extended the installments which were falling due for renewal from 25.03.2020 to 14.04.2020 MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, …
Date of Filing Electronic Challan Cum Return (ECR) for Wage Month March, 2020 Extended Up to 15.05.2020 from 15.04.2020 Ministry of Labour & Employment Press Release Date of Filing Electronic Challan Cum Return (ECR) for Wage Month March, 2020 Extended Up to 15.05.2020 from 15.04.2020 Move Incentivises …
Time extended for banking companies to furnish monthly information under PMLA MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 13th April, 2020 G.S.R. 251(E).—In exercise of the powers conferred by section 73 read with section 11A and section 12AA of the Prevention of Money-laundering Act, 2002 (15 …
Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 SEBI/HO/MIRSD/ RTAMB/CIR/P/2020/59 April 13, 2020 To,All DepositoriesAll Registrars to an Issue & Share Transfer Agents (RTA)All Recognised Stock ExchangesAll Listed Companies (through Stock Exchanges) Sir/ Madam, Sub: Relaxation in adherence to prescribed timelines issued by …
