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Procedures to be followed during GST Search Operation – CBIC Instructions/Guidelines F. No. CST/INV/DGOV Reference/20-21Ministry of FinanceDepartment of RevenueCentral Board of indirect Taxes and customsGST-investigation Wing Dated: 02.02.2021 Instructions No. 01/2020-21 Subject: Instructions / Guidelines regarding procedures to be followed during Search Operation regarding. Specific instances have come to the notice …
Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations 2015 of disclosure by certain persons SECURITIES AND EXCHANGE BOARD OF INDIA Circular SEBI/HO/ISD/ISD/CIR/P/2021/19 February 09, 2021 To All Recognized Stock Exchanges Dear Sir/Madam, Sub: Revised disclosure formats under Regulation 7 of SEBI (Prohibition of …
No TDS u/s 194-IA on payment by successful bidder to Liquidator of a Company in liquidation under IBC 2016 as it is not required to file Income Tax Return ABCAUS Case Law CitationABCAUS 3451 (2021) (02) NCLAT Important case law relied referred:Imperial Chit funds (P) Ltd. Vs. Income …
Education cess is an allowable expenditure under Section 37 of the Income Tax Act 1961. ITAT allows deduction on the basis of CBDT circular and PAN India judgments ABCAUS Case Law CitationABCAUS 3450 (2021) (02) ITAT Important case law relied referred:National Thermal Power Co. Ltd. vs CIT (1998) …
Reason recorded by non jurisdictional Assessing Officer cannot give jurisdiction to the jurisdictional Assessing Officer. ABCAUS Case Law CitationABCAUS 3449 (2021) (02) ITAT Important case law relied referred:Pankaj Bhai Jayshuklal Shah vs. CIT (2020) 425 ITR 70Manoj Kumar vs. ACIT reported 79 ITR (Tribunal) 158 Delhi In the …
Deduction u/s 35(1)(ii) for scientific research allowed in hands of donors, notwithstanding approval granted to Organization withdrawn retrospectively ABCAUS Case Law CitationABCAUS 3448 (2021) (02) ITAT Important case law relied referred:Pullangode Rubber Produce Co. Ltd. vs. State of Kerala, 91 ITR 18 (SC)IT vs. Chotatingrai Tea & Ors., …
Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on the assessee ABCAUS Case Law CitationABCAUS 3447 (2021) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the order …
Charter for Chartered Accountants under FCRA 2010 Since the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) is national security legislation; associations are required to exercise extreme care and caution in dealing with foreign contribution from the time of its receipt to its final utilization. As the Chartered Accountants audit …
Modification in B-17 Bond Execution process. Surety to be given by independent legal entity other than EOU itself irrespective of constitution Circular No. 03/2021-Customs F. No. DGEP/EOU/40/2017Government of IndiaMinistry of FinanceDepartment of Revenue Central Board of Indirect Taxes & Customs(Directorate General of Export Promotion)****** New Delhi, …
SEBI issues Master Circular for Depositories 2021 SECURITIES AND EXCHANGE BOARD OF INDIA Master Circular SEBI/HO/MRD2/DDAP/CIR/P/2021/18 February05, 2021 To,All Depositories Dear Sir / Madam, Subject: Master Circular for Depositories 1. Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Depositories. …
