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26 Issues in New Income Tax Portal

July 23, 2021 73338 Views 112 comments Print

Maharashtra Tax Practitioners’ Association has made a representation  to Shri. Narendraji Modi, Prime Minister of India and brought to his attention issues faced by Taxpayer & Professionals on New Income Tax Portal www.incometaxindia.gov.in. Text of their representation is as follows:- Maharashtra Tax Practitioners’ Association SS/MTPA/IT representation 21-22/0721 Dated: 14th July 2021 To, Shri. Narendraji Modi, Prime […]

Customs Brokers Licensing (Amendment) Regulations, 2021

July 23, 2021 2964 Views 0 comment Print

8A. Surrender of License. – (1) A licensee may surrender the license granted under Customs House Agents Licensing Regulations, 1984, the Customs House Agents Licensing Regulations, 2004, the Customs Brokers Licensing Regulations, 2013 or the Customs Brokers Licensing Regulations, 2018 through a written request to the Principal Commissioner of Customs or Commissioner of Customs who has issued the license, as the case may be.

Imports of PVC Suspension Grade Resin into India from Japan- Reg.

July 23, 2021 963 Views 0 comment Print

Case No. (SG) 6/2020 Termination of Bilateral Safeguard Investigation concerning imports of “PVC Suspension Grade Resin” into India from Japan under India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017- Reg.

HC set-aside Faceless assessment order passed without issuing draft assessment order

July 22, 2021 3105 Views 0 comment Print

Toplight Corporate Management (P.) Ltd. Vs National faceless assessment Centre Delhi (Delhi High Court) Learned counsel for the petitioner states that the impugned assessment order was passed without issuing mandatory draft assessment order along with show cause notice, as contemplated under Section 144B of the Act, resulting in denial of opportunity to the petitioner to […]

Handling Surrender requests of Annuity Policies issued to NPS Subscribers by ASPs

July 22, 2021 1026 Views 0 comment Print

PFRDA has been receiving requests for surrender of annuity policies post its issuance from the annuitants (who were erstwhile NPS Subscribers) or from other intermediaries with whom such Annuitants were associated earlier as NPS Subscribers. The Surrender is of two types viz surrender due to the applicability of Old Pension in case of Govt Sector subscribers and surrender due to any personal reasons including critical illness.

MahaRERA: Clarification regarding Formats for consent of allottees

July 22, 2021 10392 Views 0 comment Print

Whereas MahaRERA Circular No. 28/2021 dated 8th March 2021, provides for format for making application under section 7(3) for obtaining consents of at least 51 % of allottees. Where the same MahaRERA Circular No. 28/2021 also provides for format for making application under section 14(2) by obtaining consent of at least two thirds of allottees.

Solvency certificate of surety for issuance of duplicate certificates (KVP/NSC) – Reg.

July 22, 2021 5991 Views 0 comment Print

SB Order No. 22/2021 F. No. FS-61/5/2020-FS Government of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated:- 22 /07/2021   All Head o1 Circles/Regions Subject:- Amendment in rule 43(2)(vi) of POSB Manual Volume II regarding. Sir/Madam, This office is receiving various representations from the depositors that they are facing […]

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Third Amendment) Regulations, 2021

July 22, 2021 753 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Third Amendment) Regulations, 2021.

New Income Tax E-Filing Portal – 90 unique problems received

July 21, 2021 14889 Views 20 comments Print

Suggestions in respect of the glitches on the New Income Tax portal were invited online. More than 700 emails detailing over 2000 issues including 90 unique issues/problems in the portal were received from various stakeholders including ICAL tax professionals and tax payers. Moreover, multiple interactions have been held with the representatives from ICAI and tax professionals.

Sunset Review investigation on imports of ‘Barium Carbonate’

July 20, 2021 675 Views 0 comment Print

Case No. (AD SSR) 27/2020 Sunset Review investigation concerning imports of ‘Barium Carbonate’ originating in or exported from China PR

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