Month: September 2020
Without cogent reasons for belief towards escapement, even a non-filer can not be forced to file a return u/s 147. ITAT held notice u/s 147 bad in Law ABCAUS Case Law CitationABCAUS 3391 (2020) (09) ITAT Important case law relied upon by the parties:Shri Ravindrasinh N. Gohil vs. …
Re-Opening of Online Filling up of Examination Application Forms for Chartered Accountants Examinations, November 2020. In view of the continuing COVID-19 spread and to prevent hardships to the students, ICAI has decided to re-open the online filling up of examination application form for Chartered Accountants Examinations, November 2020 …
Undertaking developed, maintained and operated by Softzone Tech Park Ltd notified as an industrial park u/s 80-IA of the Income Tax Act MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 72/2020 New Delhi, the 8th September, 2020 INCOME TAX S.O.3035(E).—Whereas the Central …
Extension of due date for holding AGM for FY ended on 31.03.2020 by three months by MCA (ROC Kanpur) A big Relief is given by Ministry of Corporate Affairs (MCA) to around 12 lakhs companies by extending the timeline for holding Annual General Meeting till December 31st from …
Assessee entitled to tax credit u/s 91 of both federal and state taxes paid by him. Benefit also available to not ordinarily resident Indians ABCAUS Case Law CitationABCAUS 3390 (2020) (09) ITAT Important case law relied upon by the parties:Wipro Ltd vs Deputy Commissioner of Income Tax
NSE added to entities permitted to undertake e-KYC Aadhaar Authentication in Securities Market SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/167 September 08, 2020 To, All Recognized Stock Exchanges All Recognized Depositories Stock Brokers through Recognized Stock Exchanges Depository Participants through Depositories Association of Mutual Funds in India …
Companies (Acceptance of Deposits) Rules 2014 relaxed for Startups who can now receive convertible note up to 25 lakhs for ten years MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th September, 2020 G.S.R.548(E).—In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) …
Auto Let Export Order under Express Cargo Clearance System (ECCS) allowed for goods covered under CSBs and RMS and cleared by x-ray scanning Circular No. 41/2020-Customs F. No. 451/ 13/2020-Cus.VGovernment of India Ministry of Finance Department of Revenue(Central Board of Indirect Taxes & Customs) Dated the 7th September …
Re-lodgement of Share Transfer Deeds. SEBI fixes 31st March 2021 as cut-off date SECURITIES & EXHANGE BOARD OF INDIA CIRCULAR SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166 September 07, 2020 To,All Registered Registrar & Share Transfer Agents (RTA)All Recognised Stock ExchangesAll Listed Companies (through Stock Exchanges) Dear Sir / Madam, Sub: Re-lodgement of Transfer …
Disallowance u/s 40A(3) for cash expenditure incurred in Foreign Country upheld. The Expression “rupee” in section 40A(3) means expenditure incurred in rupee terms ABCAUS Case Law CitationABCAUS 3389 (2020) (09) ITAT Important case law relied upon by the parties:Vodafone India Services Pvt. Ltd. v/s Union of India & …
