Month: October 2020
MCA relaxes minimum residency period of at least 182 days by at least one director u/s 149 of the Companies Act, 2013 for FY 2020-2021 General Circular No. 36/2020 File No.2/01/ 2020-CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi-110001. Dated: 20th October, 2020 ToThe …
For computing allowable partners remuneration u/s 40(b) AO can not allocate net profit into different heads to exclude interest income ABCAUS Case Law CitationABCAUS 3413 (2020) (10) ITAT Important case law relied upon by the parties:CIT V/s J. J. Industries (2013) 358 ITR 531Md. Serajuddin & Bros. vs. …
Where Export Obligation period expiring between 01.02.2020 – 31.10.2020, date of submission of documents for EO fulfilment is extended up to 31.12.2020 GOVERNMENT OF INDIAMINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCEDIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No.26/2015-2020Dated: 16 October 2020 Subject: Amendments in Para 4.44 – …
ICAI amends rule for Registration to CA Foundation/Intermediate Course, admission to Foundation Examination etc. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament) NOTIFICATION New Delhi, the 19th October, 2020 (Chartered Accountants) No.1-CA(7)/193/2020.–Whereas certain draft regulations further to amend the Chartered Accountants Regulations, 1988, …
Opening of Appeal module of ITBA for uploading of physical records for pending appeals which are to be allocated to Faceless Appeal Units DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi –110055 ITBA-Faceless Appeals Instruction No –1 F. No. System/ITBA/Instruction/Appeal/160/2020-21 Dated: …
CBDT notifies tolerance/variation limit between arm’s length price u/s 92C and the actual price for international/specified domestic transaction for AY 2020-2021 MINISTRY OF FINANCE(Department of Revenue) Notification No. 83/2020 New Delhi, the 19th October, 2020 S.O. 3660(E).—In exercise of the powers conferred by the third proviso to sub-section …
Order of Settlement Commission passed stating non examining of records upheld. Just an isolated sentence can’t be allowed to defeat object of enactment ABCAUS Case Law CitationABCAUS 3412 (2020) (10) HC Important case law relied upon by the parties:Ritesh Tiwari and Anr v. State of Utter Pradesh and …
TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit of basic exemption. ITAT remands case for filing of Form 26A ABCAUS Case Law CitationABCAUS 3411 (2020) (10) ITAT Important case law relied upon by the parties:Hindusthan Co-cola Breverages Ltd. Vs. CIT 293 ITR 226 (SC) …
Testing of outside samples by Revenue Laboratories-CBIC Guidelines for customs samples Circular No. 46/2020-Customs F.No: 21019/08/2020-Cus(AS)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & Customs*** North Block, New DelhiDated 15th October, 2020 To, All Pr. Chief Commissioners/Chief Commissioners of Customs,All Pr. Chief Commissioners/Chief Commissioners of …
Revised risk weights for new housing loans sanctioned from 16.10.2020 to 31.03.2022. RBI rationalises Risk Weights for Individual Housing Loans As per the RBI regulations on capital charge for credit risk of individual housing loans by banks, differential risk weights were applicable based on the size of the …