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Use of scrips for payment of specified duties of Customs under RoSL Circular No. 49/ 2020-Customs F. No. 605/04/2019-DBK (Vol.I)(Pt. I)Government of IndiaMinistry of Finance, Department of Revenue Central Board of Indirect Taxes & Customs Drawback Division Dated the 3rd November, 2020 ToAll Principal Chief Commissioners/Chief Commissioners of …
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10BB for Assessment Year 2016-17 and subsequent years Circular No. 19/2020 F. No.197/135/2020-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the …
ICAI Guidance Note on Applicability of AS 25 and Measurement of Income Tax Expense for Interim Financial Reporting ICAI Guidance Note – Applicability of AS 25 & Measurement of Income Tax Expense for Interim Financial Reporting ICAI has issued a combined Guidance Note revising its previous Guidance notes …
Accounting for Share-based Payments – ICAI Guidance Note In an equity-settled share-based payment, the employer company offers equity shares (including share options) as consideration in lieu of services of the employees. In India large number of entities in India are involved in share-based payment transactions. Such payments are …
The Arbitration and Conciliation (Amendment) Ordinance 2020 MINISTRY OF LAW AND JUSTICE(Legislative Department) New Delhi, the 4th November, 2020 THE ARBITRATION AND CONCILIATION (AMENDMENT) ORDINANCE, 2020 NO. 14 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India. An …
CBDT notifies MIC Redwood 1 RSC Limited, Abu Dhabi, UAE Sovereign wealth fund as specified person u/s 10(23FE) for income tax exemption MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd November, 2020 (INCOME-TAX) S.O. 3952(E).—In exercise of powers …
Registration of Project under RERA no bar to initiate proceedings under Consumer Protection Act. Its choice or discretion of the allottees ABCAUS Case Law CitationABCAUS 3418 (2020) (11) SC Important case law relied upon by the parties:Malay Kumar Ganguli vs. Dr. Sukumar MukherjeeSecretary, Thirumurugan Cooperative Agricultural Credit Society …
Penalty u/s 271(1)(b) can not be imposed when assessment order passed u/s 143(3) not best judgment assessment u/s 144 ABCAUS Case Law CitationABCAUS 3417 (2020) (10) ITAT Important case law relied upon by the parties:Akhil Bhartiya Prathmik Shikshak Sangh Bhawan Trust vs. ADIT 115 TTJ 419 (Del.) In …
Supreme Court to decide constitutional validity of provisions of IBC 2016 to the extent they apply to personal guarantors of corporate debtors ABCAUS Case Law CitationABCAUS 3416 (2020) (10) SC The Ministry of Corporate Affirs (MCA) by Notification dated 15.11.2019 had brought personal guarantors to corporate debtors under …
Non-Central Government Employees also can now avail the benefit of income tax exemption on payment of cash equivalent of LTC fare, along the lines of the benefit made available to the Government Employees. Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Ministry of Finance …