"16 June 2021" Archive

Representation to FM on Issues in New Income Tax Portal

We are listing around 38 issues in portal and this is the beginning only because still we are working on preliminary aspects and further issues are bound to arise when we start working with the Portal and make Tax Compliances on behalf of our clients, the valued Tax Payers of the Nation....

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Posted Under: Income Tax |

Grievances due to newly launched website of Income Tax Department

fter launching of the website by the Income Tax Department on 07th day of June, 2021 the members are facing the problems as discussed below:- 1. DSC is not getting registered or updated, 2. New Incorporated companies or Firms are not able to register themselves on ITD Portal ,...

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Posted Under: Income Tax |

Smart Enforcement App for Trucks to reduce compliance Logistics costs

Ministry of Commerce & Industry Smart Enforcement App for Trucks to reduce compliance Logistics costs; IT based solution to make enforcement mechanism technology driven; App to have wide ranging economic benefits for the state also Posted On: 16 JUN 2021 6:03PM by PIB Delhi On an average, a truck in India covers 50,000-60,000 km a [&h...

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Posted Under: Income Tax |

SEBI devise a framework to mitigate the risk of misuse of client’s fund

Circular No. SEBI/HO/MIRSD/DOP/P/CIR/2021/577 16/06/2021

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2021/577 June 16, 2021 To, All recognized Stock Exchanges Madam / Sir, Sub: Settlement of Running Account of Client’s Funds lying with Trading Member (TM) 1. SEBI, vide circular no. MIRSD/SE/Cir-19/2009 dated December 03, 2009 and SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 ...

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Net Direct Tax collections for FY 2021-22 have grown at over 100%

The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4% over the collections of the preceding year.  ...

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Posted Under: Income Tax |

Section 194N – detailed analaysis and issues

BARE ACT: Payment of certain amounts in cash. 194N. Every person, being,— i) a banking company to which the Banking Regulation Act, 1949 applies (including any bank or banking institution referred to in section 51 of that Act); ii) a co-operative society engaged in carrying on the business of banking; or iii) a post office, who [&helli...

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Posted Under: Income Tax |

4 things to do for Financial Discipline or Planning for everyone

These are financial advice that even the common man understands. I request everyone to follow. 4 things that are very, very necessary for any person, whether they know i or not in share market or insurance or mutual find. These are really basic advices. These four things will give so much Financial protection to your […]...

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Posted Under: Income Tax |

Amended list of goods which cannot be tested in JNCH Laboratory

Public Notice No: 56/2021- JNCH 16/06/2021

Kind attention of all the Importers, Exporters, Customs Brokers & other stakeholders is invited to Public Notice No. 96/2019 dated 23/10/2019 on above subject. The amended list of goods which cannot be analysed/tested due to non-availability of facility at DYCC JNCH Laboratory is as under:...

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JNCH notifies Laboratories for testing of Animal Feed additives / Extra Virgin Oil

Public Notice No:-55 /2021 16/06/2021

OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-V JAWAHARLAL NEHRU CUSTOMS HOUSE TAL- URAN, DIST: RAIGAD NHAVA SHEVA, MAHARASHTRA 400707 File No: S/16-39/2021-22/LAB/JNCH Date:16.06.2021 PUBLIC NOTICE NO:-55 /2021 DIN: 20210678NX0000444 A15 Subject: Forwarding of samples for testing to the Outside Laboratories-reg. Kind attention is invited to ...

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Tariff Notification No. 53/2021-Customs (N.T.), Dated:16.06.2021

Notification No. 53/2021-Customs (N.T.) [S.O. 2349(E)] 16/06/2021

Tariff Notification No. 53/2021-Customs (N.T.), Dated:16.06.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver...

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