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Archive: November, 2021

Posts in November, 2021

MahaRERA streamline process of hearing/disposal of complaints

November 8, 2021 3372 Views 0 comment Print

Following further procedure is prescribed in the matter of hearing to be conducted by the MahaRERA Conciliation and Dispute Resolution Forum in referred conciliation matters (online complaints) transferred by MahaRERA so as to achieve speedy disposal of complaints.

‘De Beers’ allowed to import diamonds for certification/ grading & re-exports

November 8, 2021 768 Views 0 comment Print

Para 4.42(3) of FTP 2015-20 stands amended to modify the name of the agency permitted to import diamonds to its laboratory for the purpose of certification/ grading & re-exports. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification No. 42/2015-2020-DGFT New Delhi, Dated 08 November 2021 […]

SEBI permits FPIs (surrendering registration) to write-off all debt securities

November 8, 2021 993 Views 0 comment Print

SEBI permitted FPIs to write-off all debt securities in their beneficiary account which they are unable to sell for any reason. This shall be applicable only to such FPIs who wish to surrender their registration.

DGFT amends Export Policy of Animal By-products

November 8, 2021 2088 Views 0 comment Print

Item description of ITC HS Code 35040010 at Serial No.173 in the Notification No.34/2015-20 dated 13.01.2017 has been amended to include Collagen Peptides of marine or bovine or Poultry origin.

Income Tax Dept searches Cooperative Bank in Maharashtra

November 8, 2021 1170 Views 0 comment Print

Income Tax Department carried out search and seizure operations on 27.10.2021 at the Headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra. The residence of the Chairman and one of its directors were also covered.

Section 54 & 54F of Income Tax Act-Capital Gains Exemption

November 8, 2021 75192 Views 4 comments Print

Hello readers, Today I will discuss Section 54 & section 54F exemptions in simplified manner as Income tax due dates approaching – Section 54 & section 54F of Income tax Act –deals with exemption from tax on LTCG only if used for purchase or construction of a house with in specified limits. There are similarities […]

Unbeatable Discrimination of Small CA Firms/Small City firms

November 8, 2021 13572 Views 2 comments Print

It is unlawful to discriminate on the ground of the profession, trade, occupation or calling discrimination as reasonable in some circumstances. The freedom to practice any profession, or to carry on any occupation, trade or business is well defined in the Constitution of India.  Article 19 (1) (g) of Constitution of India provides right to […]

What’s the Future of Finance Professionals & Accountants?

November 8, 2021 25170 Views 13 comments Print

When I surf around Quora, regarding the Future of Accountants and the Future of Finance professionals like CA, CS, CWA, I usually come across not so positive opinions about these degrees. I find that these debates on whether the Finance will be automated or Whether there will remain any shine of such Finance Professionals are […]

CBDT notifies e-settlement scheme, 2021- Overview

November 8, 2021 5538 Views 0 comment Print

CBDT hasd vide Notification No. 129/2021-Income Tax dated 01.11.2021 and under section 245D (11) & 245D (12) of the Income-tax Act, 1961 issued ‘e-Settlement Scheme, 2021′ to settle pending income-tax settlement applications transferred to a settlement commission. ♦ Applicability & Scope of e-Settlement Scheme, 2021 It shall come into force on the date of its […]

GST and its Impact on Hospitality Industry

November 8, 2021 22722 Views 0 comment Print

INTRODUCTION Under the previous indirect tax regime, the Indian hospitality industry was liable to pay multiple indirect taxes such as VAT, Luxury tax and service tax. But with the commencement of GST regime, the Indian hospitality industry is expected to garner the benefits of standardized and uniform tax rates throughout the country. The industry can […]

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