Month: June 2021
Entities need not visit SBI Delhi to open FCRA Bank Account. Entities may visit any SBI branch for opening FCRA Bank Account The Foreign Contribution (Regulations) Amendment Act 2020 provides that every person who has been granted FCRA certificate shall receive foreign contribution only in an account designated …
SEBI relaxes minimum vesting period in case of death of employee(s) under SBEB Regulations Relaxation from the requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014 Presently, regulation 18(1) and 24(1) of the SEBI (Share Based Employee Benefit) …
RBI releases Consultative Document on Regulation of Microfinance. Suggestions/feed back invited RBI, in the Statement on Developmental and Regulatory Policies dated February 5, 2021 released with the fifth Bi-monthly Monetary Policy Statement for 2020-21, announced that a consultative document will be issued for harmonising the regulatory frameworks for various regulated …
Notifications issued for GST rates reductions as per 44th GST Council meeting recommendations CBIC has issued notifications to give effect to the recommendations of 44th meeting of the GST Council for reduction in GST rates. GST Council in its 44th meeting held on 12th June 2021 has recommended …
CBDT allows manual filing of Forms 15CA 15CB till 30th June 2021 in view of the snags in new income tax e-filing portal CBDT allows manual filing of Income Tax Forms 15CA 15CB till 30th June 2021 Under the provisions of the Income-tax Act, 1961 read …
Allowable Cost of construction when only first floor of house was sold as per registry to reduce the stamp duty. ITAT restored the case for fresh determination In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition made by the …
New functionalities to be deployed on GST Portal-Negative liability statement, downloading Form GSTR-4A & HSN in Excel Format In order to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, the GSTN has decided to …
RBI issues FAQs on appointment Auditors of Banks, UCBs & NBFCs. Time gaps required, prohibition on Concurrent auditors for appointment as SCAs/SAs In April 2021 RBI had issued Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs). …
Recommendations of 44th GST Council Meeting. Change in GST Rates on goods being used in Covid-19 relief and management The 44th GST Council met today under the Chairmanship of Union Finance & Corporate Affairs Minister through video conferencing . The Council decided to reduce the GST rates on …
M/s Online PSB Loans Limited authorised to perform Aadhaar authentication on voluntary basis on the National Portal for Credit Linked Government Schemes (CLSS). As per Notification No. SO 2257(E) issued by the Ministry of Finance, M/s Online PSB Loans Limited has been allowed to perform Aadhaar authentication for …
