The Import policy of metallic scrap and waste requires importers to furnish Pre- shipment Inspection Certificate (PSIC) for customs clearance of metal scrap and waste imports in accordance with the conditions laid out in Para 2.54 of Handbook of Procedures, 2015-2020. It has come to the notice of DGFT that importers have been finding it difficult to submit the original copy of PSIC document due to the prevailing situations during COVID- 19 related lock down.
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitaraman launched INR-USD Futures and Options contracts on the two International Exchanges, viz BSE’s India INX and NSE’s NSE-IFSC, at GIFT International Financial Services Centre at Gandhinagar today through video conference.
Charge Under Companies Act, 2013 Charge specially gives security and empower the charge holder that in case the Company makes a default for the repayment of the loan than chargeholder can get the claim amount from the security which was charged by the Company in favour of the charge holder. Filing of Charge is necessary […]
CBDT notifies SHRI RAM JANMABHOOMI TEERTH KSHETRA to be place of historic importance and a place of public worship of renown for the purposes of section 80G(2)(b) from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022.
CBDT issues Circular No. 11 of 2020 and excluded period of forced stay in India from 22nd March, 2020 to 31st March, 2020 in computation of residential status in India for Financial Year 2019-20. Circular No. 11 of 2020 F. No. 370142/18/2020-TPI, Government of India Ministry of Finance Department of Revenue Central Board of Direct […]
Composition scheme is an option available to SME taxpayers with minimal compliance/filing requirement. The intent is to ease the process of doing business for SME taxpayers and reduce their undue harassment. The idea of this article is to provide the reader with complete insight of these schemes. The article is drafted primarily with GST point […]
Conducting Annual General Meeting (AGM) by companies through Video Conferencing (VC) or Other Audio Visual Means (OAVM) MCA General Circular No. 20/2020 dated May 05, 2020 On April 08, 2020, Ministry of Corporate Affairs (MCA) had issued a General Circular No. 14/2020 (Circular-1) for passing of resolutions of members in the Extra Ordinary General Meeting […]
Before we start understanding why gold prices are rising let’s have a quick look at the facts about the Gold in India, -India in the past had the glory of being called GOLDEN BIRD (Sone ki Chiddiya) -Rate of gold at the time of Independence Year 1949 and as on Year 2020 Year Rate/10Gms (in […]
Every stock broker in cash segment, equity derivatives segment, currency derivatives segment, interest rate derivatives segment and commodity derivatives segment (other than agri commodity derivative) liable to pay fees as a percentage of their turnover as specified at sub-clause 1 shall, for the period June 01, 2020 to March 31, 2021, pay only 50% (fifty percent) of fees as calculated therein, including for off-market transactions undertaken by them
This article unwinds the features of the new tax structure,compares the new tax scheme v/s the old to provide you with relief from the dilemma. The tax regime to choose to pay the minimum tax will depend upon individuals and is purely based on income and investments made by the taxpayer.
