Month: October 2020
SEBI Revised FAQs on SEBI (Prohibition of Insider Trading) Regulations 2015. Clarifications on Insider Trading SEBI Revised FAQs on SEBI (Prohibition of Insider Trading) Regulations 2015 FAQs on SEBI (PIT) Regulations 2015 Question: Whether requirement of pre-clearance is applicable for exercise of employee stock options? Answer: Employee stock …
SEBI Guidelines on Inter Scheme Transfers of Securities Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF4/CIR/P/2020/202 October 08, 2020 All Mutual Funds (MFs)/Asset Management Companies (AMCs)/Trustee Companies/ Board of Trustees of Mutual Funds/Association of Mutual Funds in India (AMFI) Sir/ Madam, Sub: Guidelines on Inter Scheme Transfers of …
Addition for alleged cash payment based on file/data retrieved from hard disk found during search of third party quashed in absence of corroborative evidence ABCAUS Case Law CitationABCAUS 3404 (2020) (10) ITAT Important case law relied upon by the parties:Subhash KhattarArvind Nath Seth & Sons HUFCIT vs. Alpha …
Foreign contribution to be received only in ‘‘FCRA Account’’ in SBI Main Branch 11 Sansad Marg New Delhi The Foreign Contribution (Regulation) Amendment Act, 2020 amended section 17 of The Foreign Contribution (Regulation) Act, 2010 to provide that every person who has been granted certificate or prior permission under …
ICAI presents 71st Annual Report for FY 2019-2020. Read Highlights of achievements ICAI has presented its 71st Annual Report for the year ended 31st March 2020. ICAI Annual Report FY 2019-2020. For the year ended 31.03.2020 the ICAI has earned a net surplus of Rs. 29,919 lakhs which …
Income Tax searches/raids in Bihar & UP of person in business of mining and hotel industry & one chairman of a large cooperative bank. 07 OCT 2020 3:45PM Income Tax raids in Bihar & UP The Income Tax Department, on the basis of actionable intelligence received, conducted search …
Period of limitation against rectification order can not be counted from the date of assessment order ABCAUS Case Law CitationABCAUS 3403 (2020) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in dismissing the appeal of the assessee merely on the …
Directorate General of Audit to act as Nodal Directorate for Customs Post Clearance Audit Instruction No. 18/2020-Customs F. No. 715/03/2020- Cus(AS)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** 5th Floor, nude° Vishala Building,Bhikaji Cama Place,New Delhi, the 06th Oct, 2020 To,All Principal Chief/Chief Commissioners of …
Tax liability of long-term capital gain is not on the power-of-attorney order but on registered owner of the property ABCAUS Case Law CitationABCAUS 3402 (2020) (10) ITAT Important case law relied upon by the parties:Suraj Lamps Industries 14 taxmann.com 103 (SC)Seshasayee Steels (P.) Ltd. 115 taxmann.com 5 (SC) …
Extension of RoSCTL scheme validity from 31.03.2020 to 31.03.2021 or until RoSCTL scheme is merged with RoDTEP scheme, whichever is earlier MINISTRY OF FINANCE(Department of Revenue) Notification No. 36/2020-Customs New Delhi, the 5th October, 2020 G.S.R. 615(E).—In exercise of the powers conferred by sub-section (1) of section 25 …
