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Foreign contribution to be received only in ‘‘FCRA Account’’ in SBI Main Branch 11 Sansad Marg New Delhi The Foreign Contribution (Regulation) Amendment Act, 2020 amended section 17 of The Foreign Contribution (Regulation) Act, 2010 to provide that every person who has been granted certificate or prior permission under …
ICAI presents 71st Annual Report for FY 2019-2020. Read Highlights of achievements ICAI has presented its 71st Annual Report for the year ended 31st March 2020. ICAI Annual Report FY 2019-2020. For the year ended 31.03.2020 the ICAI has earned a net surplus of Rs. 29,919 lakhs which …
Income Tax searches/raids in Bihar & UP of person in business of mining and hotel industry & one chairman of a large cooperative bank. 07 OCT 2020 3:45PM Income Tax raids in Bihar & UP The Income Tax Department, on the basis of actionable intelligence received, conducted search …
Period of limitation against rectification order can not be counted from the date of assessment order ABCAUS Case Law CitationABCAUS 3403 (2020) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in dismissing the appeal of the assessee merely on the …
Directorate General of Audit to act as Nodal Directorate for Customs Post Clearance Audit Instruction No. 18/2020-Customs F. No. 715/03/2020- Cus(AS)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** 5th Floor, nude° Vishala Building,Bhikaji Cama Place,New Delhi, the 06th Oct, 2020 To,All Principal Chief/Chief Commissioners of …
Tax liability of long-term capital gain is not on the power-of-attorney order but on registered owner of the property ABCAUS Case Law CitationABCAUS 3402 (2020) (10) ITAT Important case law relied upon by the parties:Suraj Lamps Industries 14 taxmann.com 103 (SC)Seshasayee Steels (P.) Ltd. 115 taxmann.com 5 (SC) …
Indian Accounting Standards-An Overview. ICAI releases 5th edition (Revised 2020) The Institute of Chartered Accountants of India (ICAI) has released fifth edition of Indian Accounting Standards: An Overview (Revised 2020). The publication gives a glance on the basic aspects of applicable Ind AS in a summarised manner, differences …
Extension of RoSCTL scheme validity from 31.03.2020 to 31.03.2021 or until RoSCTL scheme is merged with RoDTEP scheme, whichever is earlier MINISTRY OF FINANCE(Department of Revenue) Notification No. 36/2020-Customs New Delhi, the 5th October, 2020 G.S.R. 615(E).—In exercise of the powers conferred by sub-section (1) of section 25 …
GST e-invoicing – Relaxation and latest changes made by recent notifications e-invoicing – Relaxation and latest changes ‘e-invoicing’ for certain classes of taxpayers has come into effect from 1-10-2020. 2.Keeping in view the hardships faced by the taxpayers due to COVID-19 lockdown and as some of these taxpayers …
Government constitutes Monetary Policy Committee of the Reserve Bank of India MINISTRY OF FINANCE(Department of Economic Affairs) NOTIFICATION New Delhi, the 5th October, 2020 S.O. 3467(E).—In exercise of the powers conferred by section 45ZB of the Reserve Bank of India Act, 1934(2 of 1934), the Central Government hereby …
