While calculating the residual losses as per ‘d’ and ‘f’ above, for positions on which early pay-in are given by the clients/brokers, and margin exemption are granted on such positions, CCs are permitted to consider the ‘margin exemption granted’ or ‘value of early paid-in goods’, whichever is lower, as ‘margins supporting those positions
The issue under consideration is whether service tax is applicable on the fee income earned from the students under the category of “Commercial Training or Coaching Services”?
CBDT has provide relief measure to taxpayers for filing of belated and revised return w.e.f. 20 July 2020 for the financial year(“FY”) 2018-19, till 31 July 2020. Please be apprised that earlier the last date for said compliance was 31 March 2020.
Who is a Non Resident Indian (NRI)? An Individual being Indian citizen or person of Indian origin is said to be Non Resident Indian(NRI) in any financial year, if he/she satisfies both the following conditions: Condition 1 He/ She stay in India for less than 182 days in that financial year. And Condition 2 He/ […]
All the general and health insurance companies (insurers) were mandated to offer Individual Covid Standard Health product, Corona Kavach Policy. Insurers are hereby allowed to offer Corona Kavach Policy as group product by duly complying with the norms specified.
Everyone believes that a deposit with a bank is very safe and risk free. What made the people believe so? Its none other than DICGC Deposit Insurance and Credit Guarantee Corporation – wholly owned subsidiary of RBI Governed by – DICGC Act, 1961 Mission – To contribute to financial stability by securing public confidence in […]
Central Government specifies under Section 138(1)(a)(ii) following bodies/agencies 1. Cabinet Secretariat 2. Intelligence Bureau 3. Narcotics Control Bureau and 4. National Investigation Agency. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 53/2020-Income Tax New Delhi, the 21st July, 2020 S.O. 2411(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section […]
Analogue in the dairy context means an imitation product that is designed or structured to mimic, or offered as an alternative/replacement to, a milk or milk product or composite milk product as defined in these regulations by partial or full substitution of selected milk components with other components from non-dairy sources, or prepared by using non-dairy ingredient(s) exclusively or in combination with dairy ingredients.
Central Government hereby specifies Joint Secretary (Farmers welfare), Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Government of India, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries under PM-KISAN Yojana.
Notification No. 50/2020- Central Government notifies ‘Tamil Nadu e-Governance Agency in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st July, 2020 Notification No. 50/2020-Income Tax S.O. 2403(E).—In exercise of the […]
