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Archive: 03 May 2021

Posts in 03 May 2021

Delhi COVID-19 home isolate patients can apply online to get oxygen

May 3, 2021 618 Views 0 comment Print

A provision of lump sum allocation of Oxygen (to be given through cylinders) for Individuals, any non-COVID Hospitals, Nursing Homes, Ambulances and SOS Cylinders of COVID Hospitals running on LMO has been made against re-fillers under the overall supervision of District Administration vide order No.PA/SS-II/H&FVV/Covid-19/Part-IV/812 dated: 04-05-2021 by Health Department.

All about Overseas Direct Investment (ODI) under FEMA

May 3, 2021 167700 Views 3 comments Print

In this era of globalization, Overseas Direct Investment (ODI) has become a buzzword. From the past few years, it has been observed that the trend of making investment in businesses overseas is increasing year by year. Many of the resident individuals and Indian Companies are investing / acquiring stake in the foreign entities. This article […]

SC directs Rajasthan Private Schools to give 15% deduction in School Fees

May 3, 2021 1074 Views 0 comment Print

Indian School, Jodhpur & Anr. Vs State of Rajasthan & Ors. (Supreme Court) Ordinarily, we would have thought it appropriate to relegate the parties before the Regulatory Authority to refix the school fees for the academic year 2020­-21 after taking into account all aspects of the matter including the advantage gained by the school Management […]

Form CSR-1 Registration with MCA for Getting CSR Funding – FAQ’s

May 3, 2021 18726 Views 10 comments Print

Dear friends, as per Notification issued by Ministry of Corporate Affairs dated 22nd January 2021, it is mandatory for all NGO’s which wants to raise CSR Funding to enrol with MCA w.e.f 01/04/2021 to get CSR Funding. As per this notification from 01 April 2021 onwards, every entity, covered under sub-rule (1), who intends to undertake any […]

HC directs CIT(A) to dispose Appeal under Faceless appeal Scheme within 12 weeks

May 3, 2021 3903 Views 1 comment Print

High Court After Taking Cognizance of Delayed Disposal of Appeals under Faceless Appeal Scheme, 2020  Directed Commissioner of Income Tax (Appeals) On Account of Principles of Natural Justice To Decide Appeal Expeditiously Within 12 Weeks.

Tax on Income from cloud/web hosting services under India-USA Treaty

May 3, 2021 1788 Views 0 comment Print

Income from cloud hosting services is erroneously held as royalty within the meaning of explanation 2 to section 9(l)(vi) of the Income Tax Act, 1961 (the Act) as well as Article 12(3)(b) of the India – US tax treaty

CBIC Draft Authorization form for IGST Exemption for Covid Material

May 3, 2021 1140 Views 0 comment Print

In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials such as Remdesivir, its API, Diagnostic Markers, Medical Oxygen, Oxygen concentrators and other oxygen storage and transportation equipment, for a limited period.

Equalisation Levy- Section wise Analysis

May 3, 2021 21192 Views 0 comment Print

Introduction: India first introduced an equalisation levy in 2016 and 2020 Budget substantially extended the scope of the equalisation levy. Besides taxing online advertisement services, it was also levied on the consideration received by e-commerce operators crossing the prescribed threshold, for supplies to Indian residents, persons using an Indian IP address, and non-residents in certain […]

Discussion paper on Increasing General Insurance penetration in rural areas

May 3, 2021 1878 Views 0 comment Print

A discussion paper on ‘Increasing General Insurance penetration in rural areas with special focus on agriculture and allied activities through the concept of a Model Insured Village’ has been issued by the Authority.

Delhi govt announces portal for distribution of Remdesvir Injections

May 3, 2021 2295 Views 0 comment Print

As per Delhi HC order,Delhi govt has developed a portal for distribution of Remdesvir Injections GOVT. OF NATIONAL CAPITAL TERRITORY OF DELHI DRUGS CONTROL DEPARTMENT GOVT. OF NCT OF DELHI F-17, KARKARDOOMA, DELHI-110032 E-mail- dirdcd@nic.in, Ph. No. 011-22393703 F. No. PA/03/DC/H00/2020/162 Date- 03/05/2021 ORDER As per the directions of Hon’ble High Court of Delhi, the […]

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