"15 April 2021" Archive - Page 2

Public Charitable Trusts in trouble due to delay in Filing Form 10

In case of Public Charitable Trusts, with a view to prevent hardships faced by the TRUSTS in filing the Form 10 and in exercise of the powers conferred under section 119(2)(b) of the Income Tax Act 1961, the CBDT has issued Circular No. 6/2020 dated 19.02.2020 giving powers to the Jurisdictional Commissioners to admit Condonation [&hellip...

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Posted Under: Income Tax |

FORM GSTR-2B – Advisory

GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, 5 (non-resident taxable person) and 6 (input service distributor). The statement will indicate availability of input tax credit to the registered person against...

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Posted Under: Income Tax |

Income tax Slab Rate For Financial Year 2020-21

Article compiles Income Tax Slab Rate For Financial Year 2020-21 ( A.Y.- 2021-22) for Individual and HUF as per Old Regime and as per new Regime. It further compiles Tax Rates for Co-Operative Society, Co-Operative Society, Domestic Company, Foreign Company, AOP/BOI or Every Artificial Judicial Person for Financial Year 2020-21. Income Ta...

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Posted Under: Income Tax |

Section 139 | ICAI clarifies on Appointment of Auditor for two terms

Whether a Proprietary firm (having FRN) or individual CA who is practicing either in his own name or trade name can be appointed for two terms as per Section 139 of Companies Act, 2013?...

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Posted Under: Income Tax |

Guidance note on Regulations 50(3) & 51(2) of Listing Regulations

Notice No. 20210415-15 15/04/2021

Guidance Note of the Exchange with respect to the Regulations 50(3) and 51 (2), Schedule III, Part B, Item 15 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI (LODR) Regulations)....

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Dividend Taxability under Income Tax Act, 1961

From 1 April 2020, Dividend Income will be taxable in the hands recipient shareholders as per the slab rate applicable on them. Earlier Dividend Income was exempt in the hands of Shareholders under Section 10(34) and tax on such dividend was payable by the Company under section 115-O. In which Year Dividend is Taxable when […]...

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Posted Under: Income Tax |

MSME-1 Form –Roc Filling –Due Date 30th April 2021

The Ministry of Corporate Affairs have made major changes for protecting the interest of groups of small companies or business. He laid emphasis on following compliance by all Specified Companies Whether Public or a Private Company, Micro or Small. The Companies who receive supply of goods or services from Micro or small enterprises and t...

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Posted Under: Income Tax |

India’s Foreign Trade: March 2021

India’s overall exports (Merchandise and Services combined) in April-March 2020-21* are estimated to be USD 493.19 Billion, exhibiting a negative growth of (-)6.66 per cent over the same period last year. Overall imports in April-March 2020-21* are estimated to be USD 505.94Billion, exhibiting a negative growth of (-)16.53 per cent over...

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Posted Under: Income Tax |

Delhi imposes weekend curfew & tougher weekday restrictions

F/1.(589)/DDMA(HQ)/Misc. Matters/COVID/21/373 15/04/2021

i. All Shopping Malls, Gymnasiums, Spas, Auditoriums, Assembly Halls, Entertainment Parks and similar places will be closed in Delhi. ii. Cinemas/Theatres/Multiplexes will be permitted to open with 30% of their seating capacity....

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Linear Alkyl Benzene (Quality Control) Order, 2021

Order No. S.O. 1664(E) 15/04/2021

Goods or articles specified in column (1) of the Table below shall conform to the corresponding Indian Standard given in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau of Indian Standards as per Scheme-I of Schedule-II of the Bureau of Indian Standards (Conformity Assessment) Regulations,...

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