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Opportunity to taxpayers before finalizing of Assessment

August 27, 2020 744 Views 0 comment Print

Providing Ease of Tax Compliance and Opportunity to taxpayers before finalizing of Assessment Order are the core features of Faceless Assessment Scheme, a right step towards Minimum Government, Maximum Governance: Principal Chief Commissioner – Income Tax, Mumbai

No Section 194J TDS on IUC charges paid to other telecom companies

August 27, 2020 1161 Views 0 comment Print

DCIT Vs Vodafone India Ltd. (ITAT Mumbai) We find that for installation / setting up / repairing / servicing / maintenance capacity augmentation are require human intervention but after completing this process mere interconnection between the operators is automatic and does not require any human intervention. The term Inter Connecting User Charges (IUC) also signifies […]

PoA for opening of client demat account is optional: SEBI

August 27, 2020 1125 Views 0 comment Print

PoA is optional and should not be insisted upon by the stock broker / stock broker depository participant for opening of the client account. PoA executed in favour of stock broker / stock broker depository participant by the client shall be utilized For transfer of securities held in the beneficial owner accounts of the client towards Stock Exchange related deliveries / settlement obligations arising out of trades executed by clients on the Stock Exchange through the same stock broker.

Solvency Margin for Crop Insurance business

August 27, 2020 477 Views 0 comment Print

Premium receivables related to State / Central Government sponsored schemes for the Q1 and Q2 of the FY 2020-21 to the extent they are not realized within a period of one year should be placed with value zero.

Interest on delayed payment of GST on net liability wef 01.07.2017: CBIC

August 26, 2020 22926 Views 6 comments Print

CBIC today clarified that Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations.

Implications of AI on the Indian Economy

August 26, 2020 1071 Views 0 comment Print

NASSCOM, a not-for-profit industry association, is the apex body for the 180 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India’s GDP, exports, employment, infrastructure and global visibility. In India, this industry provides the highest employment in the private sector.

Geographical Indications of Goods (Registration and Protection) (Amendment) Rules, 2020

August 26, 2020 1524 Views 0 comment Print

An application for registration of authorized user under section 17 may be made to the Registrar in Form GI-3 accompanied by a statement of case as to how the applicant claims to be the producer of the registered geographical indication.

Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020

August 26, 2020 7716 Views 1 comment Print

This order may be called the Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Debts Recovery Tribunal (Procedure) Amendment Rules, 2020

August 26, 2020 3978 Views 0 comment Print

(1) These rules may be called the Debts Recovery Tribunal (Procedure) Amendment Rules, 2020 (2) They shall come into force on the date of their publication in the Official Gazette.

SEBI Regulatory measures to continue till September 24, 2020

August 26, 2020 444 Views 0 comment Print

On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide SEBI Press Release dated March 20, 2020′ , shall continue to be in force till September 24, 2020.

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