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Archive: April, 2021

Posts in April, 2021

COVID-19 facility Dashboard for ESIC Hospitals

April 30, 2021 1149 Views 0 comment Print

ESIC, under Ministry of Labour & Employment, in its endeavour to fulfil its social responsibility has taken another step to enhancecitizen centricservices and dissemination of information during the current pandemic.The need of the hour is to increase the number of beds for COVID care. 

Interworld Shipping Agency LLC eligible for Indo-UAE tax treaty benefits

April 30, 2021 1539 Views 0 comment Print

Interworld Shipping Agency LLC Vs DCIT (ITAT Mumbai) The short issue that we are actually required to adjudicate, in this appeal, is whether or not the authorities below were justified in declining the benefits of India UAE Double Taxation Avoidance Agreement [(1995) 205 ITR Stat 49; Indo-UAE tax treaty, in short] to the assessee appellant. […]

ICAI: Financial Assistance for Treatment of CORONA Disease from CABF

April 30, 2021 519 Views 0 comment Print

The Institute of Chartered Accountant of India Important Announcement – Financial Assistance for Treatment of CORONA Disease from CABF – (29-04-2021) M&C-MSS Directorate The Institute of Chartered Accountants of India 29th April, 2021 Important Announcement COVID-19 (CABF) On account of recent surge in COVID cases, the Managing Committee of the Chartered Accountants’ Benevolent Fund (CABF) […]

ICAI appeal members to contribute generously to CAs’ Benevolent Fund

April 30, 2021 579 Views 2 comments Print

The Institute of Chartered Accountants of India (ICAI) under the banner Chartered Accountants’ Benevolent Fund (CABF) has created a dedicated fund to provide financial assistance to the Members and their dependents in the form of Monthly/One-Time Ex-Gratia/Medical Financial Assistances who are in distress.

CBDT notifies Income Tax rule 44DA & FORM No. 34BB

April 30, 2021 3363 Views 0 comment Print

CBDT notifies vide Notification No. 40/2021 dated 30th April 2021 Income Tax rule 44DA and FORM No. 34BB for Exercise of option to withdraw pending application under sub-section (1) of section 245M of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 40/2021-Income Tax Dated: […]

Import duty on specified Inflammatory Diagnostic (markers) kits exempted

April 30, 2021 1593 Views 0 comment Print

CBIC amends notification No. 27/2021-Customs to exempt customs duty on import of Inflammatory Diagnostic (marker) kits, namely- IL6, D-Dimer, CRP(C-Reactive Protein), LDH (Lactate De-Hydrogenase), Ferritin, Pro Calcitonin (PCT) and blood gas reagents, up to 31st October, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi Notification No. 29/2021-Customs  Dated 30th April, 2021  […]

Informal Guidance by SEBI on Queries of Paytm

April 30, 2021 2703 Views 0 comment Print

Paytm Money Limited (Paytm) is registered with SEBI as an Investment Adviser (IA), Stockbroker and Depository Participant. Paytm had sought for clarifications of few transactions/ aspects in terms of SEBI (Investment Advisers) Regulation, 2013.

Meaning of Independent Directors & their Meeting

April 30, 2021 19428 Views 1 comment Print

Meaning of Independent Directors and their Meeting thereof as per Companies Act, 2013 Independent Director help in bringing Independent judgement and act as a bridge between management and shareholders by encouraging the principles of Corporate Governance through providing transparency, accountability and disclosures in the working of the Company and assist the Company in implementing the […]

Why are sports important for students?

April 30, 2021 873 Views 0 comment Print

Exercise has long been seen as a way to stay healthy and fit. The benefits outweigh this. This has both physical and physiological benefits. Physiological benefits include mental health. Academics study the brain’s ability to capture, store and process information. The impact of sport on education is limitless. Students are encouraged to exercise at school. […]

Provisional attachment of the property – Non friendly approach of CBIC

April 30, 2021 1005 Views 2 comments Print

In the case of Radha Krishan Industries v. the State of HP (2021) 35 J.K.Jain’s GST & VR 367, the Hon’ble Supreme Court held that, the power of provisional attachment of the property of the taxable person is draconian in nature and the conditions which are prescribed by the statute for a valid exercise of the […]

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