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CBDT guidelines on eligibility of exemption under clause (23FE) of section 10 of the Income-tax Act, 1961 Central Board of Direct Taxes CBDT has issued Circular No. 19 of 2021 dated 26th October, 2021 giving guidelines under clause (23FE) of section 10 of the Income-tax Act, …
MCA Relaxed additional fees for delay in filing Form 8 for FY 2020-2021 by LLPs upto 30th December, 2021 Ministry of Corporate Affairs has Relaxed additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) for the Financial Year 2020-2021 …
CBDT notifies Special Courts under Income Tax & Black Money Act CBDT has notified following Special Courts for the purposes of sub-section (1) of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, …
Disclosure in tax Audit Report in Form 3CD in Part B at Serial No. 21a does not automatically results in disallowance. ABCAUS Case Law CitationABCAUS 3559 (2021) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the disallowance made …
ICAI bans 21 Chartered Accountants for guilty of professional misconduct In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, …
RBI revised regulatory framework for NBFCs. These guidelines shall be effective from October 01, 2022. The instructions relating to ceiling on IPO funding given vide para 3.1(d) of the Annex shall come into effect from April 01, 2022 Framework for Scale Based Regulation for Non-Banking Financial Companies Regulatory …
CIT(A) order set aside as lack of evidence not communicated and opportunity to make good deficiencies not given In the instant case, the assessee had jhallenged the order passed by the CIT(A) in confirming various additions without giving adequate opportunity to make representation against the confirmations of additions. …
Calendar for Sovereign Gold Bond 2021-22 notified A distinct Series (starting from Series VII) to be launched for every tranche which will be indicated on the Bond issued to the investor. The Sovereign Gold Bonds 2021-22 under this Scheme may be held by a Trust, HUFs, Charitable Institution, …
Definition of Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) under FEMA aligned to Income Tax Act 1961 RESERVE BANK OF INDIA(Financial Markets Regulation Department)(CENTRAL OFFICE) NOTIFICATION Mumbai, the 13th October, 2021 Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021 No. FEMA.396(1)/2021-RB.—In …
SEBI warns Investment Advisers dealing in unregulated products SEBI has warned registered Investment Advisers engaged in unregulated activity. According to the Press Release issued by SEBI, some registered Investment Advisers are engaged in unregulated activity by providing platform for buying/ selling/ dealing in unregulated products including digital gold. …