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Electronic filing & issue of Preferential Certificate of Origin for India’s Exports under India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (IMCECPA) w.e.f. 01.042021 Government of IndiaMinistry of Commerce and IndustryDepartment of CommerceDirectorate General of Foreign Trade Dated: 01.04.2021Udyog Bhawan, New Delhi Trade Notice No. 01/2021-2022 To,All Exporters/Members of …
Pre-packaged insolvency resolution process for micro small and medium enterprises- IBC (Amendment) Ordinance 2021 The President of India has Promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2021to amend the Insolvency and Bankruptcy Code, 2016. According to the Ordinance, due to the COVID-19 pandemic impact on businesses, financial …
For exemption u/s 54F usage of property i.e. residential or commercial has to be considered in deciding if assessee owns more than one residential property ABCAUS Case Law CitationABCAUS 3479 (2021) (04) HC Important case law relied referred:Malabar Industrial Co. Ltd. vs. Commissioner of income tax (2000) 109 …
Addition made for difference due to wrong journal entry. Assessee directed to file reconciliation to explain the difference-ITAT ABCAUS Case Law CitationABCAUS 3477 (2021) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the addition made by the Assessing …
Addition made during survey for difference construction expenses between tally accounting package and manual register deleted by ITAT ABCAUS Case Law CitationABCAUS 3477 (2021) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition made on the basis of …
CBDT releases Income Tax Return Preparation JASON Utilities for ITR-1 and ITR-4 for AY 2021-22 Form Description JSON Utility/ Validity Rule Validation Rules ITR-1 For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house …
Reduction in time limit for unblocking/refund of application money in terms of the SEBI (ICDR) Regulations SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/CFD/DIL1/CIR/P/2021/47 March 31, 2021 ToAll Registered Merchant BankersAll the Nationwide Stock ExchangesAll Registered Registrars to an Issue and Share Transfer AgentsAll Self Certified Syndicate Banks …
No fee shall be charged on application for updation of IEC between April -June of each year. IEC data is required to be updated electronically yearly during April-June even when there is no changes. Non updation would result in deactivation of IEC (To be published in the Gazette …
No tax on salary income earned by non-resident Indian citizens in Gulf countries – Finance Minister The Union Finance Minister has clarified that the Finance Act, 2021 hasn’t brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of …
The Government of the Republic of India and the Government of the Islamic Republic of Iran entered into Agreement for Avoidance of Double Taxation and the Prevention of Fiscal Evasion The existing taxes to which the Agreement shall apply are in particular: (a) in the case of the …
