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Archive: 15 September 2020

Posts in 15 September 2020

Dues of MSMEs: Ministry takes deeper efforts to realise payments

September 15, 2020 516 Views 0 comment Print

Dues of MSMEs : Ministry of MSME takes the efforts even deeper to realise these payments. After Government Agencies and Public Sector Units, Union Ministry takes up the matter with Private Coprporates too. MSME Ministry writes to CMDs of top 500 Corporate Enterprises to show solidarity with smaller units and clear MSME dues on priority

Measures taken by Government to reform Direct Tax regime

September 15, 2020 1368 Views 0 comment Print

Over the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the Direct Tax regime. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question in the Lok Sabha today.

Measures to promote growth, investment and create new employment opportunities through amendments in the Income Tax Act 1961

September 15, 2020 594 Views 0 comment Print

In September 2019, the Government announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961 and the Finance Act (No. 2), 2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in response to a question asked in the Lok Sabha today.

Violation of provisions of Company Law by Companies

September 15, 2020 2202 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19

September 15, 2020 885 Views 1 comment Print

The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

Modified Protocol for Sealed Building in Mumbai

September 15, 2020 1446 Views 0 comment Print

As the COVID-19 eases are increasing in Mumbai, since I week of September 2020. Issue of revising the guidelines for sealing building/wing/tower was discussed in V.C. meeting of Hon’ble Municipal Commissioner on 15.09,2020. Earlier guidelines were issued on 13.05.2020. Accordingly, revised guidelines for scaling building/wing/tower are to be followed as below.

Reg. ADD investigation on imports of Aluminium & Zinc coated flat products

September 15, 2020 345 Views 0 comment Print

Case No. AD-MTR-11/2020- Initiation of Mid-Term Review limited to change of name of producer/exporter from Korea RP in the anti-dumping investigation concerning imports of Aluminium and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.

Reg. Anti-­dumping duty imposed on imports of Axle for Trailers

September 15, 2020 468 Views 0 comment Print

CASE NO. (AC) 07/2020 Subject : Initiation of Anti-Circumvention investigation concerning alleged circumvention of Anti­dumping duty imposed on the imports of ‘Axle for Trailers’ originating in or exported from China PR.

Tariff Notification No. 87/2000-Customs (N.T.), Dated: 15.09.2020

September 15, 2020 588 Views 0 comment Print

Tariff Notification No. 87/2000-Customs (N.T.), Dated: 15.09.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 15th September, 2020 Notification No. 87/2000-CUSTOMS (N.T.) S.O. 3148(E).—In exercise of the […]

In case of unaccounted sales only profit therefrom can be taxed

September 15, 2020 9168 Views 1 comment Print

Nawal Kishore Soni Vs ACIT (ITAT Jaipur) It is evident from entries found in cash book of Ram Kumar Soni and from statement recorded from assessee in course of survey that assessee purchased gold in period of demonetization which was obviously for sale to persons on receiving cash from them as the same is normal […]

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