Dealers in precious / stones and real estate agents notified under the PMLA (Maintenance of Records) Rules 2005   Finance Ministry notifies dealers in precious / stones and real estate agents under the Prevention of Money-laundering (Maintenance of Records) Rules 2005   The following category of persons has …

ICAI UDIN One-time Condonation Scheme from 1st January, 2021 to 31st January 2021. Delays in generation of UDINs during 1st February 2019 till 31st December 2020 condoned Considering various representations, ICAI has granted One-time Condonation Scheme to regularize UDINs.  ICAI UDIN One-time Condonation Scheme As a One-time condonation scheme, …

No TDS requirement u/s 195 on employee secondment agreement for payments for reimbursement to a non resident enterprises towards costs of seconded employees. ABCAUS Case Law CitationABCAUS 3432 (2020) (12) HC Important case law relied upon by the parties:M/s Centrica India offshore Pvt. Ltd. vs. Commissioner of income …

Based on only one fake tax invoice, evaded sales could not be assessed at 100% of the disclosed sales – High Court ABCAUS Case Law CitationABCAUS 3431 (2020) (12) HC Important case law relied upon by the parties:M/S Kapil Kumar & Brothers, Gautam Budh Nagar vs. Commissioner of …

Extension of period of company name reservation – ROC empowered to extend period by 60 days for name reserved under rule 9 using SPICe+ MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, 24th December, 2020 G.S.R. 795(E).—In exercise of powers conferred by section 3, sub-section (1) of section 7 and sub-sections (1) and …

Companies (Share Capital and Debentures) Second Amendment Rules 2020 Ministry of Corporate Affairs has issued Notification for Companies (Share Capital and Debentures) Second Amendment Rules, 2020. The said rules amends the Companies (Share Capital and Debentures) Rules 2014 by substituting the Form SH-7.   The Form SH-7 is …