Month: May 2021
Disallowance of interest on partner’s capital u/s 40(b) restricted to net advances out of interest bearing funds ABCAUS Case Law CitationABCAUS 3503 (2021) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in deleting the addition made by the Assessing Officer …
ICAI FAQs on Accounting for amounts to be incurred towards CSR pursuant to Companies (CSR Policy) Amendment Rules 2021 The Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) has issued the following FAQ: Frequently Asked Question on Accounting for amounts to be …
Business responsibility and sustainability reporting by listed entities. SEBI introduces new reporting requirements called (BRSR) Securities and Exchange Board of India CIRCULARSEBI/HO/CFD/CMD-2/P/CIR/2021/562 May 10, 2021 To,All listed entities All Recognized Stock Exchanges Madam / Sir, Subject: Business responsibility and sustainability reporting by listed entities 1. In recent times, …
RBI appointed Shri Jose J. Kattoor as Executive Director The Reserve Bank of India has appointed Shri Jose J. Kattoor as Executive Director (ED) with effect from May 04, 2021. Prior to being promoted as ED, Shri Jose J. Kattoor was heading Bengaluru Regional Office of the Reserve …
Sale of property was long term capital gain as assessee held it from the date of advance payment and balance payment was only a follow up action ABCAUS Case Law CitationABCAUS 3502 (2021) (05) ITAT Important case law relied referredCIT vs A Suresh Rao 223 Taxmann 228 (Kar)Principal …
SEBI amends six regulations. Read Notifications Securities and Exchange Board of India has amended six Regulations: Securities And Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations 2021 Read Notification Click Here >> Securities and Exchange Board of India (Payment of Fees and Mode of …
CBDT exempts hospitals etc. providing Covid treatment from receiving cash in excess of Rs. 2 lakhs limit u/s 269ST for the period from 01.04.2021 to 31.05.2021 on obtaining the PAN or AADHAAR of patient and payee MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 56/2021 …
SEBI (LODR) (2nd Amendment) Regulations 2021. Secretarial compliance report mandatory for listed companies Securities and Exchange Board of India (SEBI) has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) in short. SEBI has notified the Securities and Exchange Board …
CBDT notifies five sovereign wealth funds u/s 10(23FE) The CBDT has notified the following five sovereign wealth fund under section 10(23FE) of the Income Tax Act 1961 (the Act) as the specified person for the purposes of the clause (vi) of clause (b) of the Explanation 1 …
MCA Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’,‘ establishment of medical oxygen generation and storage plants’ etc. General Circular No. 09/2021 E-file no. CSR-01/5/2021-CSR-MCAGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg, New …