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Archive: 15 September 2020

Posts in 15 September 2020

Reg. Anti-dumping investigation on imports of Non-Woven Fabric

September 15, 2020 1719 Views 0 comment Print

Anti-dumping investigation concerning imports of Non-Woven Fabric originating in or exported from Malaysia, Indonesia, Thailand, Saudi Arabia and China PR remanded by Hon’ble CESTAT through Final Order No. 50231/2020 dated 12th February 2020.

Addition for Bonus shares – Section 56(2)(vii)- ITAT explains Law

September 15, 2020 3738 Views 0 comment Print

DCIT Vs Veena Goyal (ITAT Jaipur) As per the provisions of the section 56(2)(vii)(c)(i), any property other than immovable property is transferred for a consideration which is less than the aggregate fair market value of the property by an amount exceeding Rs. 50000/-, the aggregate fair market value of such property as exceeds such consideration […]

Differential Sales Tax paid for non-deposit of forms is allowable as deduction

September 15, 2020 3702 Views 0 comment Print

Gem Electro Mechanicals Pvt. Ltd. Vs ACIT (ITAT Jaipur) Since there was delay in depositing the aforesaid amount of sales tax, therefore, the assessee was made to deposit interest amounting to Rs. 2,71,826/- on such delayed payment of sales tax amount and Rs. 3,152/-on delayed payment of Excise/Custom Duty & Service Tax. The AO during […]

Collection & Reporting of Margins by Trading/Clearing Member in Cash Segment

September 15, 2020 1377 Views 0 comment Print

SEBI, vide circular no. CIR/HO/MIRSD/DOP/CIR/P/2019/139 dated November 19, 2019 and SEBI/HO/MIRSD/DOP/CIR /P/2 020/146 dated July 31, 2020, issued guidelines with regard to collection of margins from clients and reporting of short-collection / non-collection of margins by Trading Member (TM) / Clearing Member (CM).

Changes/ Amendments to SEBI (Prohibition of Insider Trading) Regulations, 2015

September 15, 2020 2979 Views 0 comment Print

Stay updated on the latest changes and amendments to SEBI (Prohibition of Insider Trading) Regulations, 2015. Explore the modified regulations and reporting requirements.

Extension of date of implementation of Toys (Quality Control) Order, 2020

September 15, 2020 1617 Views 0 comment Print

Extension of date of implementation of Toys (Quality Control) Order, 2020 The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Govt. of India today issued notification, extending the date of implementation of Toys (Quality Control) Order, 2020 as 1.1.2021 in place of 1.9.2020. This decision allows domestic manufacturers four […]

RBI ask banks to automate Income recognition & NPA provision

September 15, 2020 3624 Views 0 comment Print

RBI: Automation of Income recognition, asset classification and provisioning – latest guidelines RBI vide its communication September 14, 2020, informed the banks that in spite of its earlier instructions issued on August 04, 2011, to use IT system in place for identification of Non-Performing Assets (NPA) and generation of related data/returns, both for regulatory reporting […]

Highlights of New Education Policy-2020

September 15, 2020 1143 Views 0 comment Print

Ministry of Education has announced the National Education Policy 2020 (NEP 2020) on 29.07.2020 which has been made available at Ministry of Education’s website at special features of NEP 2020 includes:-

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952

September 15, 2020 501 Views 0 comment Print

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 has now heralded an era of providing expeditious and affordable adjudication.

Steps taken for Revival of MSME Sector due to COVID-19

September 15, 2020 987 Views 0 comment Print

Recently, Post Covid-19, Government has taken a number of initiatives under Aatma Nirbhar Bharat Abhiyan to support the MSME Sector in the country especially in Covid-19 pandemic.

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September 2020