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Basic Savings Account can be opened in Post Office Savings Account Scheme 2019. the Post Office Savings Account (Amendment) Scheme 2021 MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 9th April, 2021 G.S.R.257(E).—In exercise of the powers conferred by section 3A of …
Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations 2021 The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 promulgated on 4thApril, 2021 provides for pre-packaged insolvency resolution process (PPIRP) for corporate debtors classified as micro, small and medium enterprises. The Insolvency and Bankruptcy Board of India …
GSTN Advisory on GST Payment under QRMP Scheme, for March 2021 month. Two options to generate Challan: Fixed Sum or Self Assessment GSTN Advisory on GST Payment under QRMP Scheme, for the month of March, 2021 1. All taxpayers having aggregate turnover up to Rs 5 crores, under …
CBDT Circular though meant for non-seizure of jewellery takes into account quantity of jewellery generally held by family members of a Hindu Family ABCAUS Case Law CitationABCAUS 3482 (2021) (04) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the …
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package – RBI Circular In view of the The Hon’ble Supreme Court judgement RBI has revised norms for Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package as under: Refund/adjustment of ‘interest on interest’ …
Summon under Black money act-Allowing additional documents by ACCM Court u/s 311 Cr.P.C. not amendment of complaint ABCAUS Case Law CitationABCAUS 3481 (2021) (04) AC In the instant case, revision petitions had been filed before the Sessions Court by the accused against the impugned order passed by the …
No automatic vacation of stay granted by ITAT beyond 365 days when delay in disposing appeal not attributable to assessee. Supreme Court upheld struck down of third proviso of Section 254(2A) as constitutionally invalid ABCAUS Case Law CitationABCAUS 3480 (2021) (04) SC Important case law relied referred:Income Tax …
Module wise new functionalities deployed on the GST Portal for taxpayers Module wise new functionalities deployed on the GST Portal for taxpayers – GSTN Advisory Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such …
GSTN advises taxpayers not to wait for complete auto-population of e-invoices details in GSTR-1 and file GSTR-1 for March, 2021 by due date based on actual data as per their records. Auto-population of e-invoice details into GSTR-1 GSTN Advisory on Auto-population of e-invoice details into GSTR-1 1. For …
Issue of security by raising of receipts/funds by Asset Reconstruction Company – RBI notifies AIFs as qualified buyers RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 10th March, 2021 NOTIFICATION UNDER CLAUSE (U) OF SUB-SECTION (1) OF SECTION 2 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT …
