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Archive: 20 February 2021

Posts in 20 February 2021

Empanelment for Concurrent Audit of Operations of Institutional Finance Vertical with SIDBI

February 20, 2021 2268 Views 0 comment Print

Small Industries Development Bank of India (SIDBI) Request for Proposal (RfP) For Concurrent Audit of Operations of Institutional Finance Vertical (IFV) 1) The RfP is posted on the SIDBI website sidbi.in. SIDBI reserves the sole right for carrying out any amendment / modifications / changes including any addendum to this RfP. Such amendments / modifications […]

Empanelment with Cotton Corporation for internal audit

February 20, 2021 1695 Views 0 comment Print

The Cotton Corporation of India Ltd. invites sealed tenders in two bid system from Chartered Accountants firms for the Appointment as internal auditors of branch

GST compensation shortfall released to States reaches Rs. 1 lakh crore

February 20, 2021 363 Views 0 comment Print

Govt released the 17th weekly instalment of Rs.5,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 4,730.41 crore has been released to 23 States and an amount of Rs. 269.59 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry) who are members of the GST Council.

In and Out of Current Labour Law Reforms

February 20, 2021 7902 Views 0 comment Print

Since when the Current Central Government Came into power, two things were discussed very frequently which were 1) Labour Reforms and 2) Ease of Doing Business and both these things are some where interrelated, as from time to time if you bring reforms in labour laws the ease of doing business will itself boost and jump upwards.

Section 115JB: Receipt not in nature of income, cannot be included in book profits

February 20, 2021 3654 Views 0 comment Print

Batliboi Limited Vs DCIT (ITAT Mumbai) Issue regarding non-taxability of Rs.4,27,43,000/- by treating the same as capital receipt for the purpose of Section 115JB of the Act though not claimed before the lower authorities by the assessee, is being claimed for the first time before this Tribunal. We find that this is purely a legal […]

Can GST department provisionally attach Property/Bank Account of any Person?

February 20, 2021 10329 Views 1 comment Print

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 106 of the Finance Bill, 2021 with respect to provisional attachment of property/bank account.

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