"23 April 2021" Archive

CBDT notifies ‘Maa Umiya Temple’ under Section 80G(2)(b)

Notification No. 36/2021-Income Tax/S.O.1698(E) 23/04/2021

CBDT vide Notification No. 36/2021-Income Tax Dated:  23rd April, 2021 notifies ‘Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad’ to be place of artistic importance and a place of public worship of renown throughout the state of Gujarat State for the purposes of Section 80G(2)(b) from Financial Year 20...

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Supply of license of pre-developed or pre-designed software amounts to supply of goods covered under heading 8523

The AAR, Karnataka in the matter of M/S. SPSS South Asia Pvt. Ltd., [Advance Ruling No. KAR/ADRG/15 of 2021, dated March 24, 2021] held that, supply of license of pre-developed or pre-designed software by assessee amounts to supply of goods and said supply is covered under tariff heading 8523. Further, such supply of computer softwares [&...

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Posted Under: Income Tax |

Extend Compliance time period in second wave of Covid 19

PDH Chamber Of Commerce And Industry requested Finance Minister, Smt. Nirmala Sitharaman to extend the time period regarding Legal and Statutory compliances in the second wave of Covid 19. Full text of their representation is as follows:- PDH CHAMBER OF COMMERCE AND INDUSTRY Sanjay Aggarwal President Comm -14 22nd April 2021 Respected Smt...

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Posted Under: Income Tax | ,

High priority to Customs clearances of goods related to COVID 19 pandemic

Instruction No.07/2021-Customs 23/04/2021

It is requested that all Customs formations may be sensitised of the urgency of this matter and may be directed to give high priority for Customs clearances of import of goods relating to COVID 19 pandemic, including oxygen related equipments etc....

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Serum not contracted full production to Centre, States can Purchase

Serum Institute of India (SII) has NOT contracted all its production of COVID vaccine to the Centre till 25th May 2021. State Governments are free to procure COVID vaccine doses from the vaccine manufacturers as per the Liberalised Pricing and Accelerated National Covid-19 Vaccination Strategy...

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Posted Under: Income Tax |

Extend date for payment under Vivad Se Vishwas Scheme

DTPA has made a Representation to FM for extension of date for payment of amount under Vivad Se Vishwas Scheme to 31st July 2021 considering adverse impact on economy due to 2nd Wave of Corona. Full Text of their representation is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground [&hel...

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Posted Under: Income Tax | ,

Is refund of unutilised ITC allowed when exporter claims higher rate of duty drawback?

Is refund of unutilized input tax credit allowed when the Assessee\Exporter claims higher rate of Duty Drawback with respect to goods manufactured in India and exported, during the GST transition period (July to September 2017)?...

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Posted Under: Income Tax |

Work From Home: A New Compliance Alert for Labour Laws in India

Every economic shock leaves behind a legacy, and the Corona outbreak is not an exception to it. The Corona outbreak has provided with an opportunity to experiment globally with the concept of remote working. The work environment is suddenly exposed to a new experiment at the global level....

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Posted Under: Income Tax |

What is the best procedure to recover loan after death of employee

This is a very important question. Many companies and organisations provides loan to their employees for their various needs to support them to full fill their needs relates to medical , marriage, house construction etc. Company gives the loans to the employees keep in view various criteria like Tenure of service, employees salary , his [...

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Posted Under: Income Tax |

Providing security to oxygen tankers and Make green corridors

Order No. 40.6/2020-DM-I(A) 23/04/2021

Provide adequate security to oxygen transporting vehicles and to make provisions for exclusive corridors for such transportation, treating these vehicles like ambulances....

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