Author: administrator
MCA further relaxes levy of additional fees for delay in filing certain Forms by Companies and LLP till 31st August 2021 MCA has issued General Circular No. 11/2021 dated 30th June 2021 giving relaxation on levy of additional fees in filing of certain Forms under the Companies Act …
Cross Margin in Commodity Index Futures and its underlying constituent futures or its variants SECURITIES & EXCHANGE BOARD OF INDIA SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/586 June 29,2021 To, The Managing Directors / Chief Executive Officers, All Clearing Corporations having Commodity Derivatives Segment Sir / Madam, Sub: Cross Margin in Commodity Index Futures …
Functionality to check PAN misuse introduced on GST Portal There has been instances of misuse of PAN for obtaining GST registration. In order to check this, a functionality to register such complaints on GST Portal has been introduced. The functionality will check the misuses, control the …
Delay in filing appeal condoned as rectification application u/s 154 was not decided and it constitute a sufficient and reasonable cause ABCAUS Case Law CitationABCAUS 3518 (2021) (06) ITAT In the instant case, the appellant assessee had challenged the order passed by the CIT(A) in dismissing the appeal …
Disallowance on ad-hoc basis not justified without pointing out specific expenses being not incurred wholly and exclusively for business In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining ad-hoc disallowance of 1/5th of the amount of expenditure incurred on account of …
SEBI extends provisions for alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582 June 25, 2021 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds /Association …
Prudential norms for liquidity risk management for open ended debt schemes. Base calculation for asset allocation limits Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/583 June 25, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ Association of Mutual Funds in …
Framework for Alternative Investment Funds (AIFs) to invest simultaneously in units of other AIFs and directly in securities of investee companies Securities & Exchange Board of India CIRCULARSEBI/HO/IMD-I/DF6/P/CIR/2021/584 June 25, 2021 To,All Alternative Investment Funds (AIFs) Sir/ Madam, Sub: Amendment to SEBI (Alternative Investment Funds) Regulations, 2012 1. …
RBI issues Guidelines on Managing Risks in Outsourcing of Financial services by Co-operative Banks RBI has observed that the co-operative banks are increasingly using outsourcing as a means for reducing costs as well as for availing specialist expertise, where these are not available internally. The RBI maintains that …
Where ITR is processed u/s 143(1) AO can form reasons to believe that income has escaped assessment by examining the very return and/or document accompanying ITR ABCAUS Case Law CitationABCAUS 3516 (2021) (06) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) …
