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Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC in the year of receipt if brought to India within prescribed time ABCAUS Case Law Citation:ABCAUS 3312 (2020) (05) HC Important case law relied upon by the parties:RaghunathExport (P) Ltd. v. Commissioner of Income-TaxCommissioner ofIncome-Tax …
Prosecution u/s 276C of Official Liquidator of company. High Court dismissed the application of Income Tax Department ABCAUS Case Law Citation:ABCAUS 3311 (2020) (05) HC Prosecution u/s 276C against Official Liquidator of company In the instant case, the Principal Commissioner of Income Tax (PCIT) had made an application …
ESI Regulations amended for maternity benefits under Surrogacy. Notice, Certificate, declaration etc. required by commissioning and insured mother EMPLOYEES’ STATE INSURANCE CORPORATION NOTIFICATION New Delhi, the 20th March, 2020 No. N-12/13/1/2016-P&D:—Whereas draft Regulation further to amend the Employees’ State Insurance (General) Regulations, 1950 was published as required under …
ALP determined in good faith and with due diligence by assessee was not liable to penalty u/s 271(1)(c) ABCAUS Case Law Citation:ABCAUS 3310 (2020) (05) ITAT Important case law relied upon by the parties:Dharmendra Textile Processors 295 ITR 244Zoom Communication Pvt. Ltd. 327 ITR 510MAK Data Pvt. Ltd. …
Relief to establishments and factories covered under EPF Act from levy of penal damages for delay in deposit of dues during Lockdown to prevent COVID-19 EMPLOYEES’ PROVIDENT FUND ORGANISATION(Ministry of Labour & Emplovment, Govt. of India)Head OfficeBhavishya Nidhi Bhawan1 14, Bhikaiji cama Place, New Delhi – 110 066 …
Transitional credit of ITC in electronic credit ledger for unavailed CENVAT – Amended provisions effective from 18.05.2020 Transitional credit of unavailed CENVAT MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 43/2020 –Central Tax New Delhi, the 16th May, 2020 G.S.R.299(E).—In exercise of the …
SEBI further relaxes time for complying regulatory requirements by trading/clearing members SECURITIES AND EXCHANGE BOARD OF INDIA Circular EBI/HO/MIRSD/DOP/CIR/P/2020/ 82 May 15 , 2020 To, 1. All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) 2. All Depositories 3. Trading members …
SEBI relaxes procedure to be followed by recognized stock exchanges / depositories on non-compliance with Minimum Public Shareholding (MPS) requirements Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/81 May 14, 2020 ToAll listed entities that have listed their specified securitiesAll Recognized Stock ExchangesAll Depositories Madam / Sir, Sub: …
SEBI Relaxes procedural matters related to Takeovers and Buy-back Securities and Exchange Board of India CIRCULAR SEBI/CIR/CFD/DCR1/CIR/P/2020/83 May 14, 2020 To,All Registered Merchant BankersAll Recognized Stock ExchangesAll listed entities Dear Sir/Madam, Sub: Relaxations relating to procedural matters – Takeovers and Buy-back. 1. In view of the impact of …
ICAI advisory cautioning on fake social media pages of the Institute operated illegally with ICAI’s name and logo. List of verified Social Media Accounts ICAI Announcement ICAI Advisory for Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large in respect of Fake …