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Archive: 31 December 2020

Posts in 31 December 2020

RTI applicants not expected to Clog System with Barrage of RTIs

December 31, 2020 2343 Views 0 comment Print

Radha Raman Tripathy Vs CPIO (Central Information Commission) As much as a CPIO has a statutory responsibility of complying with the provisions of the RTI Act, it is also expected of the RTI Applicant/s to not undermine the spirit of the RTI Act by clogging the system with such a barrage of RTI applications, merely […]

Notification No. 53/2015-2020 Dated: 31.12.2020 – Delegation of Financial Power

December 31, 2020 2322 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) New Delhi, the 31st December 2020 Notification No. 53/2015-2020 S.O. 4794(E).—In exercise of the powers conferred by section 13 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) and in supersession of the earlier Notifications mentioned below, the Central […]

Clarification on passing of ordinary & special resolutions by companies

December 31, 2020 3402 Views 0 comment Print

Clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 read with rules made thereunder on account of COVID-19- Extension of time. General Circular No. 39/2020 F.No. 2/6/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 31st December, 2020 […]

Govt notifies extend due dates of Tax Audit/ITR/VSV Scheme

December 31, 2020 24276 Views 0 comment Print

Govt notifies extend due dates of Tax Audit/ITR/VSV Scheme vide Notification No. 93/2020-Income Tax dated 31st December, 2020 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 93/2020-Income Tax New Delhi, the 31st December, 2020 S.O. 4805(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation […]

Vivad Se Vishwas Scheme extended till 31/01/2021 (Notification)

December 31, 2020 3213 Views 0 comment Print

Vivad Se Vishwas Scheme extended till 31/01/2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 92/2020-Income Tax New Delhi, the 31st December, 2020 S.O. 4804(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes […]

SEBI Relaxes timelines for compliance with regulatory requirements till 28.02.2021

December 31, 2020 1443 Views 0 comment Print

In view of the prevailing situation due to Covid-19 pandemic and representation received from the Stock Exchanges, it has been decided to extend the timelines for compliance with the following regulatory requirements by the trading members / clearing members

Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s) – Extension of timeline for implementation

December 31, 2020 873 Views 0 comment Print

SEBI, vide circular no. SEBI/HO/MIRSD/CRADT/CIR/P/2020/218 dated November 03, 2020, specified requirements with regard to creation of security in issuance of listed debt securities and due diligence to be carried out by debenture trustee(s), which were applicable from January 01, 2021.

Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

December 31, 2020 18021 Views 0 comment Print

1. Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/11/2020.

Income Tax Department conducts searches in Delhi

December 31, 2020 978 Views 0 comment Print

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used for raising bogus purchase/sale bills, and routing of unaccounted funds through several layers of bank accounts. Such shell entities are closed after two months, and new ones are formed.

Cabinet approves Industrial Corridor nodes at Krishnapatnam & Tumakuru under CBIC

December 31, 2020 519 Views 0 comment Print

Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC. Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida also approved.

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