Companies with resembling or identical names to be automatic allotted a new name u/s 16(3) of the Companies Act Ministry of Corporate Affairs (MCA) has notified the Companies (Incorporation) Fifth Amendment Rules 2021 with effect from 1st September, 2021. As per section 16 of the Companies Act 2013, …

Disallowance u/s 36(1)(va) for delayed deposit of employees  contribution of EPF. Explanation-5 to section 43B not retrospective – ITAT ABCAUS Case Law CitationABCAUS 3532 (2021) (07) ITAT Important case law relied referred:CIT vs. Vijayshree Ltd.CIT vs. Alom Extrusion Ltd. In the instant case, the assessee had challenged the …

CBDT transfers 281 Officers in the grade of Assistant/Deputy Commissioner of Income Tax  CBDT has made transfer of 281 officers Officers in the grade of Assistant Commissioner / Deputy Commissioner of Income Tax with immediate effect. The summary of transfers made is as under: (i) Request Cases  266 …

  Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. CBEC has issued notifications under Section 168A of the CGST Act, 2017, …

  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 …