SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 5th August, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/36.—In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of […]
Stay informed about the due dates for tax return filing and payment of SA-Tax. Find out how taxpayers are being pushed to the wall with this new tax regulation.
Eko India Financial Services Private Limited Vs ACIT (Delhi High Court) Against an assessment of AY 2017-18 the petitioner assessee filed an appeal u/s 246A of the Income Tax Act, 1961. AO adjusted the entire refund of the assessee pertaining to AY 2019-20 against such demand, which was more than 20% of such demand. Hon’ble […]
Understanding the exceptions to deemed dividend provisions under the Income-tax Act. Learn about the ordinary course of business and substantial part of business.
Nandi Steels Limited Vs ACIT (Karnataka High Court) Facts of the case: In the present case, the assessee is a limited company carrying on the business of manufacture of iron and steel. During the year under consideration, it had earned income from sale of land, building and bore well used for its business purposes. The […]
The present article covers interest provisions as prescribed under section 234B of the Income Tax Act. Notably, section 234B is applicable when the taxpayer defaults in payment of advance tax. Advance tax vis-à-vis interest payable thereon- In terms of section 208, the taxpayer is liable to pay advance tax during the financial year in which […]
The National Commission for Homoeopathy was constituted on the 5th July, 2021 and on the same date, the Homoeopathy Central Council Act, 1973 was repealed and the Central Council of Homoeopathy was superseded. Though a decision was taken that subsequent to the repeal of the said Act, it is not appropriate to move a replacement […]
The National Commission for Indian System of Medicine was constituted on the 11th June, 2021 and on the same date, the Indian Medicine Central Council Act, 1970 was repealed and the Central Council of Indian Medicine was superseded. Though a decision was taken that subsequent to the repeal of the said Act, it is not […]
Shri Saurav Jain & Anr Vs A. B. P. Design & Anr (Supreme Court of India) Whenever a new question of law is raised before the Apex Court, it is fiercely contested that there is a bar for raising a new question of law for the first time as the High Court has not dealt […]
LIST OF ISO STANDARDS APPLICABLE FOR RUNNING A BUSINESS Article explains ISO Standard type, ISO Standard Name and Applicability of ISO Standard . S. No. Standards Standard Name Applicability 1 ISO 9001:2015 Quality Management System All types of industries & Business Activities 2 ISO 14001:2015 Enviromental Management System Industries who determine to control enviromental life cycle […]
