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Section 10(46) exemption to Tamil Nadu e-Governance Agency

July 21, 2020 1194 Views 0 comment Print

Notification No. 50/2020- Central Government notifies ‘Tamil Nadu e-Governance Agency in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st July, 2020 Notification No. 50/2020-Income Tax S.O. 2403(E).—In exercise of the […]

Company may permit empaneled stock brokers to fund ESOP

July 20, 2020 2259 Views 0 comment Print

As per Regulation 9(2) of the SEBI (Share Based Employee Benefits) Regulations, 2014 (SBEB Regulations)  the company may permit the empaneled stock brokers to fund the payment of exercise price which shall be adjusted against the sale proceeds of some or all the shares, subject to the provisions of the applicable law or regulations. Thus, […]

Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

July 20, 2020 465 Views 0 comment Print

Reference is invited to the DGFT Notification No. 16 dated 29.06.2020 restricting the export of PPE medical coveralls for COVID-19 and fixing the export quota of 50 Lakh PPE Coverall Units per month. The detailed procedure and criteria for submission of applications for export of PPE medical coveralls was outlined in the Trade Notice No. 17 dated 29.06.2020.

Anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn

July 20, 2020 666 Views 0 comment Print

Initiation of anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 20th July, 2020 Case No. CVD OI -05/2020 Subject: Initiation of anti-subsidy investigation concerning imports of […]

Customs, Amritsar seized 10.22 Kgs of gold worth Rs. 5 crore

July 20, 2020 552 Views 0 comment Print

Customs Commissionerate (Prev), Amritsar, has foiled an attempted gold-smuggling attempt at the Amritsar Airport and seized 10.22 Kgs of gold worth Rs. 5 crore.

CBDT to start Voluntary Income Tax Return Compliance campaign

July 18, 2020 23502 Views 1 comment Print

The Income Tax Department is all set to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from Monday, the 20th of July, 2020. The 11 days campaign ending on 31st July, 2020 focuses on the assessees/taxpayers who are either non-filers or have discrepancies/deficiency in their returns for the FY 2018-19.

ICSI merges June 2020 Examinations with December 2020

July 18, 2020 615 Views 0 comment Print

ICSI has decided to merge the June, 2020 session ICSI Examinations with the December, 2020 Examinations as under : 1. ICSI Examinations for the June 2020 session which has been merged with the December, 2020 Examinations shall commence from 21st December, 2020 as per the Examination Time-table which will be released separately.

Reg. Safeguard duty on imports of Solar Cells whether or not assembled in modules or panels

July 18, 2020 3003 Views 0 comment Print

Final Findings of review investigation for continued imposition of Safeguard duty on imports of ‘Solar Cells whether or not assembled in modules or panels’ into India Proceedings under the Customs Tariff Act, 1975 and the Custom Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 – Reg MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) […]

GST Registration: Interim measure for filing revocation of cancellation order in appeal channel

July 18, 2020 2931 Views 0 comment Print

1. In case your application for revocation of cancellation of registration was rejected by the tax authorities before 12/6/2020 and you wish to avail benefit of RoD order 01/2020 dated 25.06.2020, as an interim measure, you can request the appellate authority or the higher authority to pass a simple offline order on it for restoration […]

GST on Cable TV Services by MSOs and LCOs

July 17, 2020 36252 Views 9 comments Print

CA.K.Siva Rama Kumar (with special reference to threshold limit applicability to LCOs) (A good number of Articles on the GST liability of the Local Cable Operators(LCOs)  expressed a view that the LCOs are ‘agents’ of Multiple System Operators (MSOs) and suggested compulsory registration obligation as per Sec.24(vii),CGST Act, 2017 and consequently held the LCOs as […]

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