"11 March 2021" Archive - Page 4

Arbitration and Conciliation (Amendment) Act, 2021

Notification No. 03 of 2021 11/03/2021

(1) This Act may be called the Arbitration and Conciliation (Amendment) Act, 2021. (2) Save as otherwise provided in this Act, it shall be deemed to have come into force on the 4th day of November, 2020....

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Notification No. 01/2021-Customs (N.T), Dated: 11.03.2021

Notification No. 01/2021-Customs (N.T) [S.O. 1243(E)] 11/03/2021

MINISTRY OF FINANCE (Department of Revenue) (OFFICE OF THE COMMISSIONER OF CUSTOMS, CITY CUSTOMS COMMISSIONERATE) Notification No. 01/2021-Customs (N.T) Bengaluru, the 11th March, 2021 S.O. 1243(E) .—In exercise of the powers conferred under sub-section(a) of Section 8 of Customs Act, 1962 (52 of 1962), I, Baswaraj Nalegave, Commissione...

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ASHA & MGNREGA workers be treated as pertaining to Rural & Social Sector category: IRDAI

Ref. No: IRDAI/Life/MISC/Cir/046 /03/2021 11/03/2021

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No: IRDAI/Life/MISC/Cir/046 /03/2021 Date:11-03-2021 To All the Insurers Re: Obligations of Insurers in respect of Rural and Social sectors- Clarification with regard to ASHA workers and MGNREGA workers The Authority has received requests for clarification as to whether the poli...

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Export of Red Sanders wood by Govt of Andhra Pradesh- Extension of time reg.

Notification No. 59/2015-2020-DGFT 11/03/2021

Government of Andhra Pradesh has been allowed time upto 31.12.2021 to complete the process of export of allocated quantities of Red Sanders wood....

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GST implementation being a “change in law” qualify as a force majeure event

National Highways Authority of India Vs Sahakar Global Limited (Delhi High Court)

The Hon’ble Delhi High Court in National Highways Authority of India v. Sahakar Global Ltd. [O.M.P. (COMM) No. 486 of 2020 decided on September 29, 2020], dismissed the petition and refused to interfere with the arbitral award passed by the Arbitrator to pay the compensation for loss generated in revenue triggered by the reduced toll [&...

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New Functionalities on GST Portal (February, 2021)- Must Know

New Functionalities made available for Taxpayers on GST Portal (February, 2021) 1. Registration i. Post TRN Login, Tracking of Registration Application Status : The Search ARN Functionality for Registration, post TRN Login (ie after TRN is generated by taxpayer/ applicant but has not completed the filing of registration application), has ...

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Posted Under: Corporate Law |

Loss due to foreign exchange currency rate fluctuation on reinstatement of ECB loan

Aesseal India Pvt. Ltd. Vs ITO (ITAT Pune)

Aesseal India Pvt. Ltd. Vs ITO (ITAT Pune) The only issue that arises for our consideration is whether the loss arising out of reinstatement of the ECB loan as on date of balance sheet can be added to the actual cost of asset for the purpose of determining the actual cost u/s 43A of the […]...

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Production Linked Incentive Scheme

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22....

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Posted Under: Corporate Law |

CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q

Notification No. 15/2021-Income Tax [G .S. R. 170(E)] 11/03/2021

CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof), Part B to Form 16 (Details of Salary Paid and any other income and tax deducted) and Annexure II to Form No. 24Q vide Notification No. 15/2021-Income Tax dated 11th March, [&hellip...

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Kolkata I-T department searches electrical equipment businessmen

The Income Tax Department carried out search and seizure operation on 09.03.2021 on various persons based in Kolkata, engaged in the business of Electrical equipment and trading of decorative lighting. The cases were developed through market intelligence and field enquiries. Search and seizure action was carried out at more than 3 premise...

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Posted Under: Corporate Law |

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