"29 June 2021" Archive - Page 4

Profit from sale of shares from investment portfolio taxable as ‘Capital Gains’ & not as ‘Business Income’

The Hon’ble ITAT, Ahmedabad in Swatiben Anilbhai Shah v. DCIT [Income Tax Appeal Nos. 1513, 1514 and 1515/Ahd/2019 decided on January 29, 2021] held that where assessee purchased shares and recorded them in investment portfolio and it was justified that the intention of the assessee was to purchase the shares as capital asset, then inco...

Posted Under: Income Tax |

Scheme for Assistance to MSMEs in Gujarat (including service enterprise)

Name of the Scheme Scheme for financial assistance by way of Capital Subsidy and Credit linked Interest Subsidy to Micro, Small and Medium Enterprises. GR No : Govt. of Gujarat, Industry & Mines Dept, Resolution No: SSI/102020/332278/CH Date : 01/09/2020 Operative Period: From 07/08/2020 to 06/08/2025 Who will be eligible? 1) The Ente...

Posted Under: Income Tax |

States/UTs to ensure implementation of Inter-State Migrant Workers Act: SC

Bandhua Mukti Morcha Vs Union of India & Ors. (Supreme Court of India)

Bandhua Mukti Morcha Vs Union of India & Ors. (Supreme Court of India) In a Suo Motu Writ Petition, Hon’ble Supreme Court observed that a direction need to be issued to the States/Union Territories to register all establishments and license all contractors under the Inter State Migrant Workers Act, 1979 and ensure that statutory...

Course Fee Waiver Scheme for CMA Students Amid COVID-19

The Council has granted a course fee waiver scheme in the form of scholarship to the aspiring CMA students at Intermediate and/or Final level who unfortunately lost their father or mother or guardian due to COVID 19, who were earning member of their family....

Posted Under: Income Tax |

Extension in last date of filing QPRs/APRs by SEZ units/EOUs/Developers

F. No. K-43022/7/2020-SEZ 29/06/2021

The Department of Commerce under SEZ Division issued Circular vide No. K-43022/7/2020-SEZ dated June 29, 2021 for extension in the last date of filing QPRs/APRs by SEZ units/EOUs/Developers upto December 31, 2021 No. K-43022/7/2020-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division Udyog Bhavan...

Delta and Delta Plus Variants: FAQs

Section 2(34) of the Companies Act, 2013 defines director to mean a director appointed to the Board of the Company. Only Individuals can be appointed as Directors in a company. It is not the name by which a person is called but by the position he occupies and the functions and duties that he discharges that determine whether in fact, he i...

Posted Under: Income Tax |

Cross Margin in Commodity Index Futures & its underlying constituent futures or its variants

Circular No. SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/586 29/06/2021

Securities and Exchange Board of India Circular No.: SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/586 June 29, 2021 To, The Managing Directors / Chief Executive Officers, All Clearing Corporations having Commodity Derivatives Segment Sir / Madam, Sub: Cross Margin in Commodity Index Futures and its underlying constituent futures or its variants 1. ...

SEBI Board Meeting 29th June 2021- 11 Things to Know

Press Release No. 22/2021-SEBI 29/06/2021

The Board considered and approved the proposals relating to the review and merger of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single Regulation to be called– SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021....

Clarification on withdrawal/closure of accounts under National Savings Schemes- Reg.

SB Order No. 15/2021 29/06/2021

As per Rule 12 of Govt. Savings Promotion General Rules, 2018 issued vide GSR No. 1003(E) dated 05.10.2018 circulated vide SB Order No. 13/2019 dated 18.12.2019, at the time of payment of maturity proceeds or partial withdrawal or interest, the depositor shall affix his signature or thumb impression in the presence of the authorised offic...

Motor Car Air Springs (shock absorber) classifiable under CTH 8708: AAAR

In re SI AIR Springs Private Limited (GST AAAR Tamilnadu)

In re SI AIR Springs Private Limited (GST AAAR Tamilnadu) In the case at hand, the product is not a joint, washer or the like, it is an ‘Air bellow’, a specifically designed part for use in the Motor Vehicle as a Shock absorbent and therefore, even if the part which gives the essential character […]...

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September 2023