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Archive: 16 September 2021

Posts in 16 September 2021

Woman Director

September 16, 2021 2334 Views 0 comment Print

Woman Director under 2nd Proviso to Section 149(1) of Companies Act, 2013 read with Rule 3 of The Companies (Appointment and Qualifications of Directors) Rules, 2014 Applicability: At least ONE WOMAN DIRECTOR in following companies: Listed Company Public Company – Paid up Share Capital Rs. 100 CRS OR MORE OR Turnover Rs. 300 CRS OR […]

Import allowed through IOC- Govt amends policy conditions

September 16, 2021 1755 Views 0 comment Print

Policy condition no.5 of Chapter 27 of ITC (HS), 2017, Schedule – I (Import Policy) amended in terms of Government Resolution No. P-12029(11)/2/2018-OMC-PNG dated 08.11.2019. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 27/2015-2020 – DGFT New Delhi, Dated:/16th September, 2021 Subject: Amendment of policy […]

Last date for submission of application for MEIS, SEIS, ROSCTL, ROSL

September 16, 2021 10041 Views 0 comment Print

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) has been notified to be 31.12.2021, in supersession of any such provision in the Hand Book of Procedures, 2015­-20 going forward. Further, the validity of any scrip issued under FTP from the date […]

Agreement Vs. Stamp Duty Value : ITAT discusses Scope of exception to section 56(2)(vii)(b)(ii)

September 16, 2021 12651 Views 0 comment Print

Joseph Mudaliar Vs DCIT (ITAT Mumbai) Addition u/s 56(2)(vii)(b) on difference in value in respect of the subject properties where declared sale consideration shown by the assessee is lesser than the stamp duty value (market value) determined by the stamp duty authority Addition u/s 56(2)(vii)(b). The difference in value in respect of the subject properties […]

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