Month: January 2021
Standard on Assurance Engagements (SAE) 3410 Assurance Engagements on Greenhouse Gas Statements Global climate change (GHG) is one of world’s most significant long-term policy challenges. Project to develop a standard for assurance engagements on greenhouse gas (GHG) statements was started by the IAASB in 2007. With …
Presidential Medal for Specially Distinguished Record of Service to CBIC Staff on Republic Day 2021 MINISTRY OF FINANCE(Department of Revenue) Notification No. 06/2021 (N.T.)F. No. 394/83/2019-Commr. (Inv-Cus.) New Delhi, the 25th January, 2021 In terms of Notification No. 12/139/59-Ad.IIIB dated 05.11.62, as amended and in supersession of Notification …
Procedure for disposal of application under section 14 for conversion of public company into private company in case of objection by RD MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 25th January, 2021 G.S.R. 44(E).—In exercise of the powers conferred by section 3, sub-section (1) of section 7 …
MCA notifies effective dates for certain sections of Companies Amendment Act 2020 and 2019 The MCA has notified 22nd day of January, 2021 as the date from which specified provisions of the Companies (Amendment) Act, 2020 (29 of 2020), shall come into force, namely: Sl No. Sections …
Companies (Corporate Social Responsibility Policy) Amendment Rules 2021 The MCA has made major changes to the provisions related to Corporate Social Responsibility (CSR) under section 135 of the Companies Act 2013 and CSR Policy Rules 2014. The Key amendments made include: (1) Corporate Social Responsibility CSR has been …
Penalty cases not covered under Faceless Penalty Scheme 2021 – Proceedings related to Central Charges, International Tax Charges & TDS F. No. 187/4/2021- ITA-1Government of IndiaMinistry of Finance Department of Revenue (Central Board of Direct Taxes)***** North Block, New Delhi- 110001.Dated the : 20th January, 2021 ORDER Subject: …
Fund Managers remuneration provisions u/s 9A(3)(m) relaxed by CBDT for FY 2019-20 and 2020-21 if at arm’s length Circular No. 1 of 2021 F. No. /370142/2/2021-TPL,Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(Tax Policy and Legislation Division)****** New De1hi, 15th January, 2021 Amount of remuneration …
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure. ABCAUS Case Law CitationABCAUS 3441 (2021) (01) ITAT Important case law relied referred:CIT vs. Sri Mangayarkarasi Mills P. Ltd, 315 ITR 114CIT vs. Sarvana Spinning Mills Ltd., 293 ITR 201.Elgi Equipments Ltd. …
Waiver of bank guarantee for Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh Circular No.01/2021-Customs F.No.450/96/2020-Cus-IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and Customs****** North Block, New DelhiDated the14thof January, 2021 To All Principal Chief Commissioners/Chief Commissioners of …
Deduction u/s 80P(2)(a)(i) allowable despite loans by co-operative societies to members not related to agriculture. ABCAUS Case Law CitationABCAUS 3440 (2021) (01) SC Important case law relied referred:Chirakkal Service Co-operative Bank Ltd. v. CIT (2016) 384 ITR 490 (Ker.)Perinthalmanna Service Co-operative Bank Ltd. v. ITO and Anr.(2014) 363 …
