"23 October 2020" Archive

Extend Tax Audit/TP Audit/ITR due date of AY 2020-21

Direct Taxes Professionals’ Association, Kolkata has made a Request to consider extension in the dates of furnishing of Tax Audit Report under section 44AB and audit report under sec. 92E of the Income Tax Act and the due date of filing ITRs of A Y 2020-21. Ref. No. DTPA/Rep/20-21/2 Date: 22.10.2020 To, Smt. Nirmala Sitharaman […...

Read More
Posted Under: Income Tax |

53 Associations submits representation on issues in GST

53 GST and Trade Associations, under the banner of the ‘All India Joint Representation Committee for GST’, have come together, to submit a joint representation to the Union Finance Minister, Smt.Nirmala Sitharaman, on various relaxations which are required in GST to ease the suffering of businesses as well as meet the emergent...

Read More
Posted Under: Income Tax |

Govt issues guideline for interest waiver (1.3.2020 to 31.8.2020)

F. No. 2/12/2020-BOA.I (23/10/2020)

Central Government has approved Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020). Benefits under the scheme would be routed through lending institutions....

Read More

HC upheld validity of Seizure of cash by GST Authorities

Kanishka Matta Vs Union of India (Madhya Pradesh High Court)

Kanishka Matta Vs Union of India (Madhya Pradesh High Court) The petitioner’s contention is that the word “money” is not included in Section 67(2) of the CGST Act, 2017 and therefore, once the “money” is not included under Section 67(2) of the CGST Act, 2017 the Investigating Agency / Department is not competent to seize [&h...

Read More

Revised Form 3CD Schema released after 21 days of Applicability

Form 3CD revised wef 01.10.2020 vide Notification No. 82/2020-Income Tax Dated: 1st October, 2020 but Schema for the same changed on 22.10.2020. Now the Question arises here is what is the status of Tax Audit Report Submitted on or after 01.10.2020 until the release of New Schema. Are they invalid Tax Audit Reports & Who […]...

Read More
Posted Under: Income Tax | ,

Tax Audit Due Date extension- Writ Filed in Various HC – Status

1. The Rajasthan Tax Consultants Association vs. Union of India (Rajasthan High Court), D.B. Civil Writ Petition No. 12605/2020 As per sources The Rajasthan Tax Consultants Association has filed a writ with Hon’ble Rajasthan High Court on 19.10.2020 which got registered on 21.10.2020 for Granting extension of Tax Audit due date for AY 2...

Read More
Posted Under: Income Tax |

Maharashtra permits opening of Gymnasiums from 25.10.2020

Notification No. DMU/2020/CR. 92/DisM-1 (23/10/2020)

In the entire State, Gymnasiums outside the containment zones will be allowed to function from 25th October, 2020. The SOP for the same will be issued by the Public Health Department. The Public Health Department will take into consideration the SOP issued by the Ministry of Health and Family Welfare, Government of India....

Read More

Exemption from Non-compliance of minimum residency of Director

Exemption from Non-compliance of minimum residency of Director/Partner in India for a period of at least 182 days in FY 2020-21 for Companies and LLPs (MCA Circular no. 36/2020 dated 20th October, 2020) In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary special measures...

Read More
Posted Under: Income Tax |

SAT Quashes SEBI’s penalty of Rs. 20 lakhs on DHFL

Dewan Housing Finance Corporation Ltd. Vs SEBI (Securities Appellate Tribunal)

Dewan Housing Finance Corporation Ltd. Vs SEBI (Securities Appellate Tribunal) 1. The present appeal has been filed questioning the legality and validity of the order dated 29th May, 2020 passed by the Adjudicating Officer under section 15-1 of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’...

Read More

Special Economic Zones (Amendment) Rules, 2020

Notification No. G.S.R. 678(E) (23/10/2020)

(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

Search Posts by Date

March 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031