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Archive: 06 May 2021

Posts in 06 May 2021

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4713 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4143 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Courts must be open not Faceless: SC

May 6, 2021 2175 Views 0 comment Print

Chief Election Commissioner of India Vs M.R Vijayabhaskar & Ors. (Supreme Court of India) Courts must be open both in the physical and metaphorical sense. Save and except for in-camera proceedings in an exceptional category of cases, such as cases involving child sexual abuse or matrimonial proceedings bearing on matters of marital privacy, our legal […]

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

May 6, 2021 759 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) New Delhi, dated the 6thMay, 2021 16 […]

GST Council Secretariat Newsletter – April 2021

May 6, 2021 2343 Views 0 comment Print

GST Revenue for April 2021 The gross GST revenue collected in the month of April, 2021 is at a record high of Rs. 1,41,384 crores, out of which, CGST is Rs. 27,837 crores, SGST is Rs. 35,621 crores, IGST is Rs 68,481 crores (including Rs. 29,599 crores collected on import of goods) and Cess is […]

IRDAI fines Shriram General Insurance Company Limited

May 6, 2021 1560 Views 0 comment Print

Considering violations noticed in case of 6 sample cases, as per Section 102(b) of Insurance Act, 1938; IRDAI levies a penalty of Rs.6,00,000 (Rs.Six Lakh) on Shriram General Insurance Company Limited.

Bombay HC kept Faceless Assessment Order In Abeyance

May 6, 2021 3078 Views 0 comment Print

Praful M. Shah Vs National Faceless Assessment & Ors. (Bombay High Court) It was alleged by petitioner that Assessment Order was passed by National E Assessment Centre without granting an opportunity to be heard and A Writ Petition was filed in the Bombay High Court against such order. Petitioner claimed that The impugned order is […]

Exclusion of ‘Lakshmi Vilas Bank’ from Second Schedule to RBI Act, 1934

May 6, 2021 552 Views 0 comment Print

We advise that the Lakshmi Vilas Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III – Section 4) dated January 16 – January 22, 2021.

Technical Group Report on Social Stock Exchange for comments

May 6, 2021 1641 Views 0 comment Print

SEBI seeks public comments on the Report Submitted by the Technical Group on Social Stock Exchange – The Technical Group has since finalized and submitted its report to SEBI. It has built upon the recommendations made earlier by the WG.

CBDT amends Income Tax Notification No. 16/2015 dated 16.02.2015

May 6, 2021 1305 Views 0 comment Print

CBDT amends vide Notification No. 16/2015 dated 16.02.2015 which  CBDT notified ‘ Godrej Agrovet Limited – Agricultural Inputs Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 49/2021 -Income Tax Dated: 6th May 2021. […]

DC may allow SEZ unit to work from home amid Covid-19: Govt

May 6, 2021 6390 Views 0 comment Print

DCs may consider the requests from the industry and approve the extension of WFH facility in a liberal manner till such time when National Disaster Management Authority or State Government continues to issue orders governing this pandemic management.

CBDT amends Income Tax Notification No. 15/2015 dated 16.02.2015

May 6, 2021 1317 Views 0 comment Print

CBDT amends Notification No. 15/2015 dated 16.02.2015 vide which  CBDT notified ‘Godrej Agrovet Limited Animal Feed Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 48/2021 -Income Tax Dated: 6th May 2021. MINISTRY OF […]

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