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Sovereign Wealth Fund u/s 10(23EF). Applications, ITR, audit report & quarterly statement to be filed Circular No. 15 of 2020 New Delhi, 22nd July, 2020 Notification of Sovereign Wealth Fund under section 10(23FE) of the Income-tax Act, 1961 The Finance Act, 2020, inter alia, inserted clause (23FE) …
Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 22nd July, 2020 Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020 No. SEBI/LAD-NRO/GN/2020/24.—In exercise of the powers conferred by Section 15JB of the …
Disclosure of assessee information to Income Tax Department. CBDT notifies four more bodies u/s 138 i.e. Cabinet Secretariat, IB, NCB & NIA MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2020 New Delhi, the 21st July, 2020 S.O. 2411(E).—In pursuance of sub-clause (ii) of clause …
NFRA imposes penalty of Rs. 25 lakhs and debars CA for 7 years for professional misconduct in statutory audit of ILFS Financial Services Ltd ABCAUS Case Law Citation:ABCAUS 3338 (2020) (07) NFRA The National Financial Reporting Authority (NFRA / Authority) helds CA guilty of professional misconduct for performance …
Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake ABCAUS Case Law Citation:ABCAUS 3337 (2020) (07) ITAT Important case law relied upon by the parties:Price Waterhouse Coopers (P) Ltd vs. CIT 348 ITR 306 SCCIT vs. Somany …
Penalty proceedings initiated on one limb and penalty imposed on two limbs invalid ABCAUS Case Law Citation:ABCAUS 3336 (2020) (07) ITAT Important case law relied upon by the parties:Shri Narendra P. Musale vs. ITOCommissioner of Income Tax Vs. Samson Perinchery 392 ITR 4 In the instant case, …
IRDAI allows Insurance Companies to offer Corona Kavach Policy group Insurance product Corona Kavach Policy group Insurance Recenlty, IRDAI had mandated all the general and health insurance companies to offer Individual Covid Standard Health product, “Corona Kavach Policy”. Now, IRDAI, with immediate effect, has allowed the Insurance Companies …
Income of Tamil Nadu e-Governance Agency Exempted for five years from AY 2019-20 to 2023-24 u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 50/2020 New Delhi, the 21st July, 2020 S.O. 2403(E).—In exercise of the powers conferred by …
CBIC & CBDT sign MoU to exchange data and information on automatic, regular basis and also on request and spontaneous basis CBIC & CBDT sign MoU Ministry of Finance Press Release CBIC & CBDT sign MoU to facilitate smoother bilateral exchange of data A Memorandum of Understanding …
Review of Stress Testing Methodology for Positions with Early Pay-in CCs permitted to consider ‘margin exemption granted’ or ‘value of early paid-in goods Securities & Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2020/128 July 21, 2020 To, The Managing Directors / Chief Executive Officers,All Clearing Corporations having Commodity Derivatives Segment …
