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CBDT further extends date for manual filing of Income Tax Forms 15CA/15CB till 15th August, 2021 Earlier, in view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in, CBDT has extended date to submit Forms 15CA/15CB in …
SEBI introduces framework for segregation & monitoring of collateral at client level to reduce risk of misappropriation of clients securities Segregation and Monitoring of Collateral at Client Level SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020,put in place a framework of ‘Margin obligations to be given …
SEBI relaxes current timelines of 15th July 2021 for compliance with regulatory requirements by Debenture Trustees due to Covid-19 In view of the situation arising due to Covid-19 pandemic, SEBI had earlier provided relaxations in timelines for compliance with certain regulatory provisions of SEBI Circular No. SEBI/HO/MIRSD/CRADT/CIR/P/2020/230 dated …
Form CIRP 8 is required to be filed for all corporate insolvency resolution processes ongoing or commencing on or after 14th July 2021. Filing of Form CIRP 8 under the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Regulation 35A of the IBBI (Insolvency Resolution Process for …
Govt. allocates areas of jurisdiction for Competent Authorities to act as Adjudicating Authority under Benami Act MINISTRY OF FINANCE(Department of Revenue)(COMPETENT AUTHORITY CELL) Notification No. 02 of 2021 New Delhi, the 19th July, 2021 G.S.R. 499(E).—In exercise of the powers conferred under section 7 of the Prohibition of …
Supreme Court struck down Constitution 97th Amendment with respect to Cooperative Societies, upheld for multi State Cooperative Societies ABCAUS Case Law CitationABCAUS 3532 (2021) (07) SC Important case law relied referred:Hoechst Pharmaceuticals Ltd. v. State of Bihar, (1983) 3 SCR 130Daman Singh v. State of Punjab, (1985) 2 …
Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could not submit documents ABCAUS Case Law CitationABCAUS 3531 (2021) (07) ITAT In this case appeal was filed by the assessee against the order of the CIT(A) confirming addition …
Exemption u/s 54F allowed though Capital Gain sale proceed deposited in Nationalised Bank instead of capital gain deposit scheme account ABCAUS Case Law CitationABCAUS 3530 (2021) (07) ITAT In this case appeal was filed by the assessee against the order of the CIT(A) sustaining the addition made by …
Income Tax exemption to amount received for medical treatment from employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years The Government has decided to provide income tax exemption to the amount received by a taxpayer for medical treatment from an employer …
Implementation of 2nd Phase of RMS for processing of Duty Drawback claims Risk Management System (RMS) in export was introduced with effect from 15.7.2013.by CBEC Circular No. 23/2013-Customs dated 24.06.2013. At that time it had been decided to implement RMS in export in two phases. In the first …
