"04 March 2021" Archive

Instructions for issue of Section 148 notice for Reassessment/Reopening

F. No.225/40/2021/ITA-II 04/03/2021

CBDT directs that following categories of cases be considered as 'potential cases' for taking action u/s 148 of Act by 31.03.2021 for the A.Y 2013-14 to A.Y 2017-18 by Jurisdictional Assessing Officer ...

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AO can pass consequential orders under Vivad se Vishwas: CBDT

Circular No. 03 of 2021-Income Tax 04/03/2021

Under section 10 of Vivad se Vishwas, it is hereby clarified that where designated authority has passed orders under section 5(1) & (2) of Vivad se Vishwas, the Assessing Officer shall pass consequential order....

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Income Tax raids Film Actress, production & Talent Management companies

01/01/1970

The Income Tax Department is carrying out search and survey operations which started on 03.03.2021 on two leading film production companies, a leading actress and two Talent Management companies in Mumbai. Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad....

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Posted Under: Income Tax |

Income Tax searches at 2 civil contractors groups of Tamil Nadu

01/01/1970

The Income Tax Department carried out search and seizure operations on 03-03-2021on two groups of civil contractors in Southern Tamil Nadu. Searches and surveys were conducted in 18 premises mainly in Madurai and Ramnad districts....

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Posted Under: Income Tax |

Voluntary Registration Under GST

01/01/1970

Voluntary registration provides option to a person to take GST registration even though he is not liable for GST registration under section 22 or section 24 of CGST Act, 2017 or SGST/UTGST Act, 2017. Section 22 allows certain specified limit of turnover i.e. threshold limit (limit of Rs.40 lakh or 20 lakh as the case […]...

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Posted Under: Income Tax |

SEBI Circular on modifications in Mutual Fund Regulations

Notification No. SEBI/HO/IMD/DF2/CIR/P/2021/024 04/03/2021

The proposals relating to amendments to MF Regulations have been notified vide Gazette notification no. SEBI/LAD-NRO/GN/2021/08 dated February 04, 2021. These amendments to MF Regulations shall come into force on 30th day from the date of their publication in the Official Gazette. Copy of the same is enclosed for reference. C. With res...

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CBIC Notifies Rate of Exchange of Foreign Currencies Wef 05.03.2021

Notification No. 26/2021 - Customs (N.T.) 04/03/2021

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 5th March, 2021, vide Notification No. 26/2021-Customs (N.T.), Dated: 4th March, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 26/2021–Customs (N.T.) New Delhi, da...

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GST- Section-60 Provisional Assessment

01/01/1970

Introduction- Section 60 Provisional Assessment ♦ Where the taxable person is unable to determine the value of goods or services or both or determine the rate of tax applicable thereto, he may request the proper officer in writing giving reasons for payment of tax on a provisional basis and ♦The proper officer shall pass an order [&h...

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Posted Under: Income Tax |

Procedure for Rajasthan Amnesty Scheme 2021

[No. F.( )/Tax (VAT)/Amnesty/CCT /20-21/,2617] 04/03/2021

Procedure for Amnesty Scheme-2021 and for disposal of outstanding demands or disputes pertaining to the period upto 30.06.2017:- 1. Registered, Cancelled and Unregistered Dealers/Persons may apply on the web portal of Commercial Taxes Department (rajtax.gov.in) for expressing their willingness to take benefit under the scheme using the li...

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EPFO extends social security benefits to J&K & Ladakh subscribers

01/01/1970

EPFO stands committed to serve its stakeholders in J&K and Ladakh, who are covered under EPF& MP Act, for providing social security cover in the form of provident fund, pension and insurance benefits to its members in a hassle-free manner....

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Posted Under: Income Tax |

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