CBDT notifies L&T Infra Debt Fund as Infrastructure Debt Fund u/s 10(47) of the Income Tax Act for assessment year 2018-2019 onwards MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification 74/2020 New Delhi, the 11th September, 2020 S.O.3122(E).—In exercise of the powers conferred by clause (47) …
CBDT transfers officers in grade of PCITs/CCITs for implementing Faceless Assessment Scheme CBDT has transferred/ gave additional charge to 318 PCITs and for implementation of Faceless Assessment Scheme CBDT, as a result of diversion of posts for implementing the recently launched Faceless Assessment Scheme, transferred 164 officers in …
Renovation of residential house allowable exemption u/s 54F as it amounts to construction of a residential house. ABCAUS Case Law CitationABCAUS 3393 (2020) (09) ITAT Important case law relied upon by the parties:CIT Vs. Godavari Devi Saraf (1978) 113 ITR 589 (Bom) In the instant case, the assessee …
Govt. constitutes Expert Committee on issue of waiver of interest & waiver of interest on interest & other related issues related to bank loans in view of the Covid-19 pandemic. Today the Government taking cognizance of the proceedings in ongoing hearing in Supreme Court of India in the …
RBI Guidelines for Compliance functions in banks and Role of Chief Compliance Officer (CCO) RBI in April 2017 had issued Guidelines for Compliance function in banks. The Guideline provided that each bank, will formulate a Compliance Function for their bank and it shall be the responsibility of bank’s …
Relaxation of additional fees & extension of last date of filing CRA-4 cost audit report for FY 2019-20 General Circular No. 29/2020 File No: 17/ 52/2020-CL-V GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated:- 10th September, 2020 …
