Month: May 2020
CBDT amends Safe Harbour Rules. Rule 10TD shall apply for AY 2020-21 Safe Harbour Rules amended MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 25/2020 New Delhi, the 20th May, 2020 INCOME-TAX G.S.R.304(E).—In exercise of the powers conferred by section 295 read with …
Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC in the year of receipt if brought to India within prescribed time ABCAUS Case Law Citation:ABCAUS 3312 (2020) (05) HC Important case law relied upon by the parties:RaghunathExport (P) Ltd. v. Commissioner of Income-TaxCommissioner ofIncome-Tax …
Prosecution u/s 276C of Official Liquidator of company. High Court dismissed the application of Income Tax Department ABCAUS Case Law Citation:ABCAUS 3311 (2020) (05) HC Prosecution u/s 276C against Official Liquidator of company In the instant case, the Principal Commissioner of Income Tax (PCIT) had made an application …
ESI Regulations amended for maternity benefits under Surrogacy. Notice, Certificate, declaration etc. required by commissioning and insured mother EMPLOYEES’ STATE INSURANCE CORPORATION NOTIFICATION New Delhi, the 20th March, 2020 No. N-12/13/1/2016-P&D:—Whereas draft Regulation further to amend the Employees’ State Insurance (General) Regulations, 1950 was published as required under …
ALP determined in good faith and with due diligence by assessee was not liable to penalty u/s 271(1)(c) ABCAUS Case Law Citation:ABCAUS 3310 (2020) (05) ITAT Important case law relied upon by the parties:Dharmendra Textile Processors 295 ITR 244Zoom Communication Pvt. Ltd. 327 ITR 510MAK Data Pvt. Ltd. …
Relief to establishments and factories covered under EPF Act from levy of penal damages for delay in deposit of dues during Lockdown to prevent COVID-19 EMPLOYEES’ PROVIDENT FUND ORGANISATION(Ministry of Labour & Emplovment, Govt. of India)Head OfficeBhavishya Nidhi Bhawan1 14, Bhikaiji cama Place, New Delhi – 110 066 …
Transitional credit of ITC in electronic credit ledger for unavailed CENVAT – Amended provisions effective from 18.05.2020 Transitional credit of unavailed CENVAT MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 43/2020 –Central Tax New Delhi, the 16th May, 2020 G.S.R.299(E).—In exercise of the …
SEBI further relaxes time for complying regulatory requirements by trading/clearing members SECURITIES AND EXCHANGE BOARD OF INDIA Circular EBI/HO/MIRSD/DOP/CIR/P/2020/ 82 May 15 , 2020 To, 1. All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) 2. All Depositories 3. Trading members …
SEBI relaxes procedure to be followed by recognized stock exchanges / depositories on non-compliance with Minimum Public Shareholding (MPS) requirements Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/81 May 14, 2020 ToAll listed entities that have listed their specified securitiesAll Recognized Stock ExchangesAll Depositories Madam / Sir, Sub: …
SEBI Relaxes procedural matters related to Takeovers and Buy-back Securities and Exchange Board of India CIRCULAR SEBI/CIR/CFD/DCR1/CIR/P/2020/83 May 14, 2020 To,All Registered Merchant BankersAll Recognized Stock ExchangesAll listed entities Dear Sir/Madam, Sub: Relaxations relating to procedural matters – Takeovers and Buy-back. 1. In view of the impact of …
