"30 September 2020" Archive - Page 3

Investment on Renovation of New Residential House Eligible for section 54F Exemption

Juveria Begum Vs ITO (ITAT Hyderabad)

The issue under consideration is whether the investment made on renovation of new residential house is eligible for exemption u/s 54F?...

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CBDT extends due date for filing ITRs for AY 2019-20 to 30.11.2020

F. No. 225/150/2020-ITA-II 30/09/2020

On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020. Order u/s 119(2a) issued. F. No. 225/150/2020-ITA-II Government of India Ministr...

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Unlock 5.0 Guideline- Cinema halls can Operate at 50% Capacity

Order No. 40-3/2020-DM-I(A) 30/09/2020

State/ UT Governments may take a decision in respect of re-opening of schools and coaching institutions, after 15th October 2020, in a graded manner. The decision shall be taken in consultation with the respective school/ institution management, based on their assessment of the situation, and subject to the following conditions:...

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Revised Small Savings Scheme interest rates w.e.f. 01.10.2020

F.No.1/4/2019-NS 30/09/2020

The rates of interest on various Small Savings Schemes for the third quarter of financial year 2020-21 starting from 1st October, 2020 and ending on 31st December, 2020 shall remain unchanged from those notified for the second quarter (1st July, 2020 to 3oth September, 2020) of financial year 2020-21....

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HC Grants Bail to Corruption accused considering Lack of direct evidence

Jayalakshmi Jaitly Vs Central Bureau of Investigation  (Delhi High Court)

The issue under consideration is appellant seeks suspension of sentence awarded by Trial Court for 4 years for the offence punishable under Section 9 of Prevention of Corruption Act, 1988....

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Limited Insolvency Examination w.e.f 1st January 2021

Press Release No. IBBI/PR/2020/13 30/09/2020

Insolvency and Bankruptcy Board of India (Press Release) No. IBBI/PR/2020/13 30th September 2020 Limited Insolvency Examination w.e.f 1st January 2021 The Insolvency and Bankruptcy Board of India hereby publishes the syllabus and details of the Limited Insolvency Examination (Examination) under regulation 3 (3) of the Insolvency and Bankr...

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Export of Goods and Services: A Complete Guide

In India custom clearance is a complex and time taking procedure that every export face in his export business. Physical control is still the basis of custom clearance in India where each consignment is manually examined in order to impose various types of export duties. High import tariffs and multiplicity of exemptions and export promot...

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Posted Under: Income Tax |

Does the “Right against Sexual Exploitation” Extends to Third Gender Person/ Communities too?

Recently, a plea has been filed in the Supreme Court for pursuing the Right against Exploitation guaranteed under the Constitution of India and seeking the protection and safeguard of law for the transgender community by Advocate Reepak Kansal in his personal capacity and further recommending an Anti-discrimination bill for the Third G...

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Posted Under: Income Tax |

Extension of Various Compliances By Ministry of Corporate Affairs

The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Ministry of Corporate Affairs has enhanced the timeline regarding the duration of several schemes till the end of the year 2020 in the wake of constant disturbance caused by the coronavirus pandemic in certain p...

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Posted Under: Income Tax |

GST: Interest & penalty – After opting Section 74 there cannot be variance to suit convenience of Assessee

Muhammed Kochukudiyil Ishabeevi Alias Isha Shaefi Proprietress Nadiya Timbers Vs State Tax Officer (Intelligence) (Kerala High Court)

Muhammed Kochukudiyil Ishabeevi Alias Isha Shaefi Proprietress Nadiya Timbers Vs State Tax Officer (Intelligence) (Kerala High Court) Contention of the petitioner that she should be exempted from the requirement of paying interest and penalty while availing the option of payment of tax for the purposes of avoiding the show cause notice ca...

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September 2021