Rajasthan Tax Consultants Association has filed a writ with Hon;ble Rajasthan High Court to direct the CBDT to decide the representation of the RTCA requesting extension due date of filing of Tax Audit Report and Income-tax Return for the assessment year 2020-2021 till December 31, 2020. Relevant Text of the Petition is as follows:- T...
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Smt. Monika Jain Vs ITO (ITAT Delhi) -
Smt. Monika Jain Vs ITO (ITAT Delhi) The issue under consideration is whether the additional claim (section 54 exemption Claim) will be allowed to be presented in front of appellate authorities? ITAT states that, the Assessing Officer has been barred from accepting any new claims, but no such bar has been imposed on the appellate [&hellip...
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Notification No. 42/2015-2020-DGFT -
22/10/2020
Export policy of Nitrile/NBR Gloves exported under above mentioned HS Codes or any other HS Code is revised from Prohibited to Restricted category....
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RBI/2020-21/60 DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 -
22/10/2020
HFCs shall carry out securitization of standard assets and transfer of assets through direct assignment of cash flows and the underlying securities. In doing so, HFCs, among other things, shall conform to the minimum holding period (MHP) and minimum retention requirement (MRR) standards....
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RBI/2020-21/59 DPSS.CO.PD.No.497/02.14.003/2020-21 -
22/10/2020
i. The two interoperable QR codes in existence – UPI QR and Bharat QR – shall continue as at present. ii. Payment System Operators (PSOs) that use proprietary QR codes shall shift to one or more interoperable QR codes; the process of migration shall be completed by March 31, 2022. iii. No new proprietary QR codes shall henceforth be...
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In view of the situation arising out of the COVID-19 pandemic, the Government of India had taken a series of steps to curtail the inward and outward movement of international passengers since February, 2020....
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Notification No. S.O. 3717(E) -
01/01/1970
The Multipurpose Empanelment Form for the year 2020-21 is live at https://meficai.org w.e.f. 23rd September 2020. The original date of submission was 12th October 2020 which was extended till 23rd October 2020....
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All Odisha Tax Advocates Association (AOTAA) requested to consider the genuine difficulties of the Tax Payers and Tax Professionals and to extend the due date of filing of the Tax Audit Reports for the A.Y. 2020-2021 from 31st October, 2020 to 31st March, 2021 and for filing the income tax returns from 30th November, 2020 […]...
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What is a will? Will means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death. [S. 2(h)]...
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Directors play an instrumental role in the functioning of the day to day affairs of the company. Directors are involved in certain key aspects of the management, and have a better understanding of the company’s affairs. This could also be misused in a way akin to them making secret profits or using such information for their personal be...
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