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   …

Income of District Mineral Foundation Trust made exempt u/s 10(46) of Income-tax Act, 1961 for Assessment years 2020-2021 to 2022-2023 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 73/2020 New Delhi, the 10th September, 2020 S.O.3088(E).—In exercise of the powers conferred by clause (46) of …

Reassessment quashed as void ab-initio for service of notice u/s 148 at wrong address when assessee had communicated changed new address ABCAUS Case Law CitationABCAUS 3392 (2020) (09) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in rejecting the objection raised …

    ICAI issues FAQs on CA Practical Training-Lockdown period to be counted as active articleship ICAI FAQs on CA Practical Training S.No. Questions Answers 1 Whether the period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 …