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Archive: November, 2021

Posts in November, 2021

SEBI mandates Disclosure of Complaints against Stock Exchanges/Depositories/Clearing Corporations

November 23, 2021 690 Views 0 comment Print

SEBI  mandates Disclosure of Complaints against the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations vide Circular No. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 Dated: November 23, 2021. Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 November 23, 2021 To, The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations Dear Sir / Madam, Sub: […]

Section 10(46) exemption to Haryana State Legal Services Authority

November 23, 2021 1233 Views 0 comment Print

Vide Notification No. 133/2021-Income Tax | Dated: 23rd November, 2021 CBDT notifies Tax Exemption to ‘Haryana State Legal Services Authority’ Panchkula (PAN AAALH0475J), an authority constituted by the State Government of Haryana, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]

CBDT notifies revised Form No. 52A for Assessee producing cinematograph film

November 23, 2021 6408 Views 0 comment Print

CBDt notifies revised FORM NO. 52A– Statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, in respect of production of a cinematograph film under Rule rule 121A of Income-tax Rules, 1962 vide Notification No. 132/2021-Income Tax Dated: 23rd November, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD […]

GST evasion of Rs.1069 Cr detected by Raigad, Pune & Meerut Units

November 23, 2021 1524 Views 0 comment Print

Raigad CGST Commissionerate had reported detection of GST evasion, based on data analytics, by wrong availment of ITC to the tune of Rs.100.75 crores in respect of Cess under the GST (Compensation to States) Act, 2017 in contravention of Section 17 (2) of the CGST Act, 2017.

GST: Partial relief provided to taxpayer on condition of co-operation in investigation

November 23, 2021 1518 Views 0 comment Print

Madhav Copper Limited Vs State of Gujarat (Gujarat High Court) Conclusion: In present facts of the case, the writ petition was disposed of by providing partial relief to the Petitioner for fulfilment of its business orders but with  a condition to cooperate with Revenue in investigation. Facts: This is a petition under Article 226 of […]

व्यक्तिगत डेटा संरक्षण बिल बढ़ाएगा गैर सरकारी संस्थानों और व्यापारियों की मुश्किलें

November 23, 2021 2553 Views 1 comment Print

व्यक्तिगत डेटा संरक्षण अधिनियम 2019 जो केन्द्रीय केबिनेट ने 2019 में मंजूर किया था वो संसदीय समिति के समक्ष विचारर्थ था जिसे 22/11/2021 को बहुमत से पारित कर दिया गया है. इस तरह अब यह संसद के अगले सत्र में पेश होगा और पास होते ही यह कानूनी रूप ले लेगा. ये बिल भारतीय नागरिकों […]

RBI Caution against various Co-operative societies using the word “Bank” in their names

November 22, 2021 501 Views 0 comment Print

It has come to the notice of RBI that some Co-operative Societies are using the word Bank in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949).

RBI announces Draft Scheme of Amalgamation of PMC Bank with Unity Small Finance Bank

November 22, 2021 1143 Views 0 comment Print

Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021.

Last date extended for applications for allocation of TRQ under India-Mauritius CECPA

November 22, 2021 612 Views 0 comment Print

The last date for submission of online applications for allocation of Tariff Rate Quota (TRQ) under India-Mauritius CECPA for the current financial year 2021-22, has been extended from 31.12.2021 to 31.01.2022

Clarifications on operation of PM CARES for Children Scheme, 2021

November 22, 2021 1818 Views 0 comment Print

Clarifications on operation of PM CARES for Children Scheme, 2021 and circulation of provisional Accounting Procedure for ‘PM CARES for Children Scheme-2021– Regarding.

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