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Abcaus

INCOME TAX TRANSFER POSTINGS

Changes in Transfer/Postings of ITOs in UP (East) Region, new additional charge

administrator October 23, 2020 Income Tax
Changes in Transfer/Postings of ITOs in UP (East) Region, new additional charge The Office of the Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow vide Order No. 16/2020 01.10.2020 and Order No. 20 of 2020 dated 10.10.2020 had made transfers and postings in the grade of …

FAQ on LTC Cash Voucher Scheme. Clarification on Special cash package in lieu of LTC

administrator October 22, 2020 Finance Ministry
FAQ on LTC Cash Voucher Scheme. Clarification on Special cash package in lieu of Leave Travel Concession during Block 2018-21. No. 12(2)/2020-E.II(A)Government of IndiaMinistry of FinanceDepartment of Expenditure North Block, New DelhiDated 20th October, 2020 OFFICE MEMORANDUM Subject: Clarification regarding queries being received in respect of Special cash …
Contactless delivery international courier

CBIC allows contactless delivery of international courier shipments by OTP validation

administrator October 22, 2020 Excise/Custom
  CBIC allows contactless delivery of international courier shipments based on OTP validation as alternative proof of delivery  Circular No. 47/2020-Customs   F. No. 451/13/2020-Cus. V Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ************   North Block, New Delhi …
residency period companies act

MCA relaxes minimum residency period of 182 days by director u/s 149 for FY 2020-­2021

administrator October 21, 2020 Companies Act
MCA relaxes minimum residency period of at least 182 days by at least one director u/s 149 of the Companies Act, 2013 for FY 2020-­2021 General Circular No. 36/2020 File No.2/01/ 2020-CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi-110001. Dated: 20th October, 2020 ToThe …
partners salary

Ceiling of allowable partners remuneration u/s 40b and exclusion of interest income

administrator October 21, 2020 Income Tax, ITAT
For computing allowable partners remuneration u/s 40(b) AO can not allocate net profit into different heads to exclude interest income  ABCAUS Case Law CitationABCAUS 3413 (2020) (10) ITAT Important case law relied upon by the parties:CIT V/s J. J. Industries (2013) 358 ITR 531Md. Serajuddin & Bros. vs. …
DGFT

Date of submission of EO fulfilment document extended for expiring Export Obligation period

administrator October 20, 2020 DGFT
Where Export Obligation period expiring between 01.02.2020 – 31.10.2020, date of submission of documents for EO fulfilment is extended up to 31.12.2020 GOVERNMENT OF INDIAMINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCEDIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE No.26/2015-2020Dated: 16 October  2020 Subject: Amendments in Para 4.44 – …

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