Under PMLA, further relaxation is given in operation of trust small bank accounts till 31st December, 2021 MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 30th June, 2021 G.S.R. 461(E).—In exercise of the powers conferred by clause (iiia) of sub-rule(5) of rule 9 of the Prevention of …

ICAI announce modified opt out options for ca exams as per Supreme Court directions   As directed by the Hon’ble Supreme Court and in continuation of it previous announcement dated 21st June 2021 regarding Opt Out option for the examinees for Chartered Accountant Examinations, July 2021, ICAI has …

Independent Directors database-delay in inclusion of name may be allowed after charging late fees of Rs. 1000/- The Ministry of Corporate Affairs (MCA) vide notification No. GSR 418(E) dated 18th June 2021 notified the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 to further …

AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if less than 2.5 lakhs In a recent judgment, ITAT Agra deleted the addition holding that AO is not allowed to make addition in the hands of the housewives …

Rejection of approval u/s 12AA for non filing of return of income set aside. CIT(E) to find if objects of trust are charitable in nature or not ABCAUS Case Law CitationABCAUS 3519 (2021) (07) ITAT Important case law relied referred:Ananda Social & Educational Trust v/s Commissioner of Income …

MCA further extends timelines for filing Forms for charge creation/modifications Earlier MCA vide Circular No. 07/2021 dated 3rd May 2021 gave relaxations of time in filing forms for charges creation or modification where the date of creation/modification of charge was before 01.04.2021, but the timeline for filing such …