Deduction u/s 35(1)(ii) for scientific research allowed in hands of donors, notwithstanding approval granted to Organization withdrawn retrospectively ABCAUS Case Law CitationABCAUS 3448 (2021) (02) ITAT Important case law relied referred:Pullangode Rubber Produce Co. Ltd. vs. State of Kerala, 91 ITR 18 (SC)IT vs. Chotatingrai Tea & Ors., …
Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on the assessee ABCAUS Case Law CitationABCAUS 3447 (2021) (02) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the order …
Charter for Chartered Accountants under FCRA 2010 Since the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) is national security legislation; associations are required to exercise extreme care and caution in dealing with foreign contribution from the time of its receipt to its final utilization. As the Chartered Accountants audit …
Modification in B-17 Bond Execution process. Surety to be given by independent legal entity other than EOU itself irrespective of constitution Circular No. 03/2021-Customs F. No. DGEP/EOU/40/2017Government of IndiaMinistry of FinanceDepartment of Revenue Central Board of Indirect Taxes & Customs(Directorate General of Export Promotion)****** New Delhi, …
SEBI issues Master Circular for Depositories 2021 SECURITIES AND EXCHANGE BOARD OF INDIA Master Circular SEBI/HO/MRD2/DDAP/CIR/P/2021/18 February05, 2021 To,All Depositories Dear Sir / Madam, Subject: Master Circular for Depositories 1. Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Depositories. …
Payment of GST by Fixed Sum Method under QRMP Scheme W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme for tax payment for first 02 months of a quarter: (a) Fixed Sum Method: …
