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IRDAI direction to Insurance Companies provide cashless treatment of Covid-19 to policyholders IRDAI has issued direction to Insurance Companies provide cashless treatment of Covid-19 to policyholders and also appealed to hospitals Press Release of IRDAI There are reports of instances of some hospitals charging differential rates and insisting …
Reduction in Gross/Net Profit rate not ipso facto a ground for making disallowance of expense but a triggering point for verification of expenses claimed. ABCAUS Case Law CitationABCAUS 3493 (2021) (04) ITAT Important case law relied referred:ITO vs. Dr. Mahendra Kumar Agarwal In the instant case, the assessee …
Opening balance of loan creditor brought forward from preceding year cannot be treated as unexplained cash credit or bogus credit ABCAUS Case Law CitationABCAUS 3492 (2021) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming an addition on account …
Spending of CSR funds for ‘setting up makeshift hospitals and temporary COVID Care facilities ‘ is an eligible CSR activity under Schedule VII of the Companies Act, 2013 General Circular No. 05/2021 E-file no. CSR-10 /9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, …
RBI allows declaration and payment of dividends by banks for financial year ended March 31 2021. Declaration / Payment of dividends by banks allowed by RBI Earlier, In December 2020 RBI had forbidden banks to make dividend payment for financial year ended March 31 2020. However, RBI has …
The ICSI Plasma Bank- ICSI has launched a website wherein any one can register to volunteer for donating plasma all over India. ICSI PLASMA BANK: AN INITIATIVE TO GIFT LIFE The crisis the Country is facing is not a secret. The second wave of Covid-19 pandemic has broken …
CBDT notifies Canada Pension Plan Investment Board for exemption u/s 10(23FE) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 22nd April, 2021 (INCOME-TAX) S.O. 1672(E).—In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section …
SEBI extends relaxations relating to procedural matters related to issues and Listing SECURITIES AND EXCHANGE BAORD OF INDIA CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2021/552 April 22, 2021 To All Registered Merchant Bankers All Recognized Stock Exchanges All Registered Registrars to an Issue All Self Certified Syndicate Banks All listed entities All entities …
CBDT prescribes format, Procedure & Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income & Interest income Section 285BA of the Income Tax Act, 1961 and Rule 114E requires specified reporting persons to furnish statement of financial transaction (SFT). Earlier CBDT, for the purposes of …
Addition for reconciliation difference in the closing balance of debtor as per books of account of the assessee and that of the debtor deleted by ITAT ABCAUS Case Law CitationABCAUS 3491 (2021) (04) ITAT Addition for reconciliation difference in the closing balance of debtor In the instant case, …
