Author: administrator
CBDT revising ITR forms to enable benefits of various timeline extension given due to Covid-19 Finance Ministry Press Release CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19 In order to enable income taxpayers to avail full benefits of various timeline extensions …
Govt. amends Foreign Direct Investment policy to check opportunistic takeovers/ acquisitions of Indian companies due to COVID-19 pandemic The Government of India has reviewed the extant FDI policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic. It is believed that this step has been …
RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …
COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets RESERVE BANK OF INDIA RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2020-21 April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks);All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);All Systemically Important Non-Deposit taking Non-Banking Financial …
RBI COVID19 Regulatory Package – Relaxation in Asset Classification & Provisioning RESERVE BANK OF INDIA RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2020-21 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India …
No Penalty u/s 271(1)(c) merely due to quantum addition without making fresh verification during penalty proceedings ABCAUS Case Law Citation:ABCAUS 3299 (2020) (04) ITAT Important case law relied upon by the parties:National Textiles Vs. CIT 249 ITR 125. The issue involved in this case was related to penalty …
Relaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers SECURITIES AND EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/62 April 16, 2020 To, 1. Stock Brokers through Stock Exchanges 2. Depository Participants (DPs) through Depositories 3. Registrars to …
SEBI gives relaxation in timelines for compliance with regulatory requirements by trading members / clearing members Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/61 Dated: April 16, 2020 To,All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) Madam / Sir, Subject: Relaxation in timelines for compliance …
No Penalty u/s 271(1)(c) on cancellation of automatic deduction u/s 24(a) on wrong classification of income under house property than other sources ABCAUS Case Law Citation:ABCAUS 3298 (2020) (04) ITAT Important case law relied upon by the parties:CIT vs. Reliance Petroproducts (P) Ltd. 322 ITR 158CIT vs. Sambhav …
Expenses incurred during lull business period can not be denied to assessee when he was not able to generate any income. ABCAUS Case Law Citation:ABCAUS 3297 (2020) (04) ITAT In this case appeals had been filed at the instance of the Assessee against the separate orders of the …
