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Archive: 15 March 2021

Posts in 15 March 2021

Investment Pattern to be followed by Non-Govt Provident/Superannuation/Gratuity Funds amended

March 15, 2021 6453 Views 0 comment Print

Government amends pattern of investment to be followed by Non-Government Provident Funds, Superannuation Funds and Gratuity Funds MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 15th March, 2021 F. No. 1/8/2021-PM.— In the notification of the Government of India, Ministry of Finance, Department of Financial Services, No. 11/14/2013-PR, dated the 2nd March, […]

Mines and Minerals (Development and Regulation) Amendment Act, 2021 Introduced in Lok Sabha

March 15, 2021 1647 Views 0 comment Print

(1) This Act may be called the Mines and Minerals (Development and Regulation) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint; and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

National Institute of Pharmaceutical Education and Research (Amendment) Bill, 2021 introduced in Lok Sabha

March 15, 2021 801 Views 0 comment Print

(1) This Act may be called the National Institute of Pharmaceutical Education and Research (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Interest free loan cannot be treated as financial debut without evidence that loan was disbursed for time value of money

March 15, 2021 3003 Views 0 comment Print

Orator Marketing Pvt. Ltd. Vs Samtex Desinz Pvt. Ltd. (NCLAT Delhi)  Synopsis states and it is argued that it being related party transaction, the money was to be utilized by the Respondent for day to day activities and to develop business, and that same was consideration of time value of money. We are unable to […]

जीएसटी की वर्तमान समस्याएं और सुझाव

March 15, 2021 25572 Views 5 comments Print

कुछ विनम्र व्यवहारिक प्रश्न  जो समस्या भी है 1.  क्या जीएसटी में रिटर्न रिवाइज नहीं होगा इस घोषणा के साथ भारत मे जीएसटी लाया गया था ? क्या कानून किसी रिटर्न के रिवाइज करने के करदाता के अधिकार को रोकता है ? क्या जीएसटी रिटर्न भरते समय डीलर से गलती नहीं हो सकती है ? […]

Loan written off in the course of financing business allowable

March 15, 2021 1542 Views 0 comment Print

WGF Financial Services Pvt. Ltd. Vs ACIT (ITAT Delhi) The assessee is engaged in the business of financing which included lending, advancing money, standing guarantor etc. and in its ordinary course of business, the assessee gave guarantee to the borrowings made by CIPL. As per the Agreement, CIPL was supposed to transfer shares held by […]

Insurance (Amendment) Act, 2021 introduced in Rajya Sabha

March 15, 2021 1293 Views 0 comment Print

Insurance (Amendment) Bill, 2021, amending the Insurance Act, 1938, seeks, inter alia, to provide for- (i) substitution of sub-clause (b) in the definition of Indian insurance company in clause (7A) of section 2 of the Insurance Act, 1938, so as to raise the limit of foreign investment in an Indian insurance company from the existing 49 per cent. to 74 per cent. and to allow foreign ownership and control with safeguards;

Government of National Capital Territory of Delhi (Amendment) Bill, 2021 introduced in Lok Sabha

March 15, 2021 933 Views 0 comment Print

AS INTRODUCED IN LOK SABHA Bill No. 55 of 2021 THE GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI (AMENDMENT) BILL, 2021 A BILL further to amend the Government of National Capital Territory of Delhi Act, 1991. BE it enacted by Parliament in the Seventy-second Year of the Republic of India as follows:–– 1. Short title […]

Juvenile Justice (Care & Protection of Children) Amendment Bill, 2021 introduced in Lok Sabha

March 15, 2021 3168 Views 0 comment Print

(1) This Act may be called the Juvenile Justice (Care and Protection of Children) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Marine Aids to Navigation Bill, 2021 introduced in Lok Sabha

March 15, 2021 384 Views 0 comment Print

AS INTRODUCED IN LOK SABHA Bill No. 60 of 2021 THE MARINE AIDS TO NAVIGATION BILL, 2021 ARRANGEMENT OF CLAUSES’ THE MARINE AIDS TO NAVIGATION BILL, 2021 A BILL to provide for the development, maintenance and management of aids to navigation in India; for training and certification of operator of aids to navigation, development of […]

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