Month: August 2020
CBDT designates Pr.CCsIT as cadre controlling authority overall the field formations including ReAC F No. 1871312020-ITA-IGovernment of India Ministry  of Finance Department  of  Revenue(Central Board of Direct Taxes)***** North Block, New Delhi – 110001.Dated  the 20th August,  2020 ORDER Subject : Order under section 119 of the Income-tax …
Depositories and Depository Participants are required to preserve the records and documents for a minimum period of eight years Securities and Exchange Board of India CIRCULARSEBI/HO/MRD2/DDAP/CIR/P/2020/153 August 18, 2020 ToThe Depositories Subject: Corrigendum to Master Circular for Depositories dated October 25, 2019 on preservation of records Sir/ Madam, …
ICAI Revised Guidance Note on Transfer Pricing Report Under Section 92E of the Income-Tax Act 1961 based on law as amended by Finance Act, 2020 GUIDANCE NOTE ON REPORT UNDER SECTION 92E OF THE INCOME-TAX ACT, 1961 (TRANSFER PRICING) (Revised Seventh Edition 2020) The ICAI has issued the …
RBI releases the National Strategy for Financial Education: 2020-2025 Financial education is defined as the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. RBI National Strategy for Financial Education: 2020-2025 Objectives To …
Financial Statements and Audit Report of School exempt under RTI Act. CIC denied disclosure in absence of any larger public interest ABACUS Case Law CitationABCAUS 3367 (2020) (08) CIC Important case law relied upon by the parties:Shailesh Gandhi v. The Central Information CommissionCPIO Supreme Court of India v. …
Eligible Importers may avail benefit of Deferred Payment of Import Duty without intimation. Amendment to Deferred Payment of Import Duty Rules 2016  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.79/2020-Customs (N.T.) New Delhi, the 19th August, 2020 G.S.R. 514(E).—In exercise of the powers …
Govt notifies 24 Insurance Companies to undertake Aadhaar authentication service under PMLA 2002  MINISTRY OF FINANCE(Department of Revenue)  NOTIFICATION  New Delhi, the 19th August, 2020  G.S.R. 512(E).—In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, …
Inability to produce evidence by Legal representative of assessee alone should not be a basis to decide allowability of expenses. ABACUS Case Law CitationABCAUS 3366 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance under the head …
Term of Office of Acting President, NCLT is extended for one month w.e.f. 05.08.2020 MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 18th August, 2020 S.O. 2796(E).—In continuation of this Ministry’s notifications S.O. No.72(E) dated 03rd January, 2020, S.O. 1393(E) dated 29th April, 2020 and S.O. 2377(E) dated …
Relief to companies not able to hold AGM for FY ended on 31.03.2020 can apply for extension to ROC in Form GNL-1. General Circular No. 28/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs  5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New …
