Follow Us :

Archive: 05 February 2021

Posts in 05 February 2021

Credit to MSME Entrepreneurs

February 5, 2021 717 Views 0 comment Print

Banks are required to report the exemption availed at the end of a fortnight, in Annex A to Form A as per Master Circular on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)

Basel III Capital Regulations’, shall continue to apply till the CCB attains the level of 2.5 per cent on October 1, 2021

February 5, 2021 486 Views 0 comment Print

Basel III Capital Regulations’, shall continue to apply till the CCB attains the level of 2.5 per cent on October 1, 2021. The pre-specified trigger for loss absorption through conversion / write-down of Additional Tier 1 instruments (Perpetual Non-Convertible Preference Shares and Perpetual Debt Instruments), shall remain at 5.5 per cent of risk weighted assets (RWAs) and will rise to 6.125 per cent of RWAs from October 1, 2021.

SLR holdings in HTM category

February 5, 2021 966 Views 0 comment Print

Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: a. the excess comprises only of SLR securities; and b. total SLR securities held under HTM category is not more than 19.5 per cent of Net Demand and Time Liabilities (NDTL) as on the last Friday of the second preceding fortnight.

Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)

February 5, 2021 642 Views 0 comment Print

Reserve Bank of India RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards – Net Stable Funding […]

Constitution of Income Tax Dispute Resolution Committee

February 5, 2021 2775 Views 0 comment Print

Budget 2021- Constitution of Dispute Resolution Committee for small and medium taxpayers The Central Government has consciously adopted a policy to make the processes under the Act, which require interface with the taxpayer, fully faceless. In this backdrop, new schemes for faceless assessment, for faceless appeal at the level of Commissioner (Appeals) and for faceless […]

Section 68 addition cannot be made merely for Low Income of Creditor

February 5, 2021 1722 Views 0 comment Print

Carissa Investment (P) Ltd. Vs ACIT (ITAT Delhi) In this case assessee-company has been able to prove that both the creditors have availability of sufficient funds to give loan to the assessee-company in assessment year under appeal. Merely because income was low declared by both the creditors, is no ground to make the impugned addition […]

SVLDRS-I cannot be rejected for technical infraction on GST Portal

February 5, 2021 690 Views 0 comment Print

B-Earth And Spire India Pvt. Ltd Vs Central Board of Indirect Tax And Customs & Ors. (Delhi High Court) Mr. Harpreet Singh, on instructions from Deputy Commissioner (Legal), CGST (South), submits that at the time of submission of the Form SVLDRS-I, the returns of the Petitioner were not visible on the GST portal. However, he […]

FAQs on New Training Structure for CS Students wef 03.02.2021

February 5, 2021 16422 Views 1 comment Print

FAQs on New Training Structure as per Company  Secretaries (Amendment) Regulations, 2020 to be effective from 03rd February, 2021 Part A- Implementation of New Training Structure and its applicability Sl. No. Question Answer 1 When is the new Training structure under Company Secretaries (Amendment) Regulations, 2020 coming into force The new training structure as per […]

GST Council Newsletter for January 2021

February 5, 2021 1974 Views 0 comment Print

GOODS AND SERVICE TAX COUNCIL Issue-22, January 2021 Announcements Related to GST in Union Budget 2021-22 On 1 February, 2021 the Hon’ble Finance Minister, Smt. Nirmala Sitharaman presented the first ever paperless budget in the history. She rested the budget proposals on six pillars of: (i) Health and Wellbeing (ii) Physical & Financial Capital, and […]

Exemption from disclosure under RTI cannot be claimed without Cogent Reasons

February 5, 2021 7677 Views 0 comment Print

Explore the legal aspects of information disclosure under RTI Act in Amit Kumar Shrivastava Vs CIC. Court emphasizes the burden on public authorities to justify non-disclosure.

Search Post by Date
June 2024