Author: administrator

Relaxation on levy of additional fees in filing e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non-XBRL for FY 2019-20 till 15.02.2021 General Circular No. 04/2021 F. No. 01/34/2013 CL-V -Part-IIIGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr . Rajendra Prasad Road, New …

Plurality of transactions no condition to be classified as Casual Trader under Rajasthan Sales Tax Act – Supreme Court. Grammatical construction may be departed from to avoid anomaly – Supreme Court ABCAUS Case Law CitationABCAUS 3444 (2021) (01) SC Important case law relied referred:Tirath Singh vs. Bachittar Singh …

Extension of timelines for filing by LLPs – ICSI representation to MCA The Institute of Company Secretaries of India (ICSI) has requested the Ministry of Corporate Affairs for further extension in timelines for filings by LLPs. In view of the covid-19 pandemic the ICSI has requested for extension …

Prosecution u/s 276C(2) quashed as accused filed revised return which was assessed refund was granted by the Department ABCAUS Case Law CitationABCAUS 3443 (2021) (01) AC In the instant case, the Assistant Commissioner of Income Tax, (ACIT/AO) had filed a complaint against the accused assessee for the offence …

Filing belated return & non-registration u/s 12AA no valid reasons to issue notice u/s 148 in absence of other tangible material other than  return filed ABCAUS Case Law CitationABCAUS 3442 (2021) (01) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in …

Standard on Assurance Engagements (SAE) 3410 Assurance Engagements on Greenhouse Gas Statements   Global climate change (GHG) is one of world’s most significant long-term policy challenges. Project to develop a standard for assurance engagements on greenhouse gas (GHG) statements was started by the IAASB in 2007.   With …

Presidential Medal for Specially Distinguished Record of Service to CBIC Staff on Republic Day 2021 MINISTRY OF FINANCE(Department of Revenue) Notification No. 06/2021 (N.T.)F. No. 394/83/2019-Commr. (Inv-Cus.) New Delhi, the 25th January, 2021 In terms of Notification No. 12/139/59-Ad.IIIB dated 05.11.62, as amended and in supersession of Notification …

Procedure for disposal of application under section 14 for conversion of public company into private company in case of objection by RD MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 25th January, 2021 G.S.R. 44(E).—In exercise of the powers conferred by section 3, sub-section (1) of section 7 …

MCA notifies effective dates for certain sections of Companies Amendment Act 2020 and 2019 The MCA has notified 22nd day of January, 2021 as the date from which specified provisions of the Companies (Amendment) Act, 2020 (29 of 2020), shall come into force, namely: Sl No. Sections   …

Companies (Corporate Social Responsibility Policy) Amendment Rules 2021 The MCA has made major changes to the provisions related to Corporate Social Responsibility (CSR) under section 135 of the Companies Act 2013 and CSR Policy Rules 2014. The Key amendments made include: (1) Corporate Social Responsibility  CSR has been …