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Worried About Your Family’s Future? Here’s How Life Insurance Can Help

October 20, 2021 1875 Views 0 comment Print

There are situations when the family needs emergency funds. If invested at the right time in life insurance, it could provide benefit at a later stage of life. Financial security is something that is a must to ensure so that family can meet the financial requirement. Individuals often opt for insurance so that they can protect their families from financial worries in their absence.

Is Income Tax Return Filing Difficult in India?

October 19, 2021 6084 Views 2 comments Print

What is an Income Tax Return? or famously known as ITR. Income Tax Return is when a person is supposed to submit to the Income-tax Department of our nation. It withholds the information of a person’s income and the taxes that are to be paid during the year.

Over 2 crore Income Tax Returns filed on e-Filing portal

October 14, 2021 8271 Views 5 comments Print

Over 2 crore Income Tax Returns filed on the e-Filing portal of the Income Tax Department The e-filing portal of the Income Tax Department (www.incometax.gov.in) has marked receipt of more than 2 crore Income Tax returns as on 13th October 2021. The new portal was launched on 7th June, 2021 and in the initial period taxpayers had reported glitches and difficulties […]

Registration of Assignment of Receivables (Amendment) Rules, 2021

October 11, 2021 1716 Views 0 comment Print

(1) These rules may be called the Registration of Assignment of Receivables (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

CESTAT ask registry to adhere to SC direction on period of limitation

October 5, 2021 1329 Views 0 comment Print

The Registry should not insist for a delay condonation application to be filed in appeals governed by the above said order of the Supreme Court. If an appellant, however, desires to take the benefit of the order dated 23.09.2021 passed by the Supreme Court, then such a statement should be made by the appellant in the verification column and in the respective column of the date of receipt of impugned order in EA-3/CA-3/ST-5 Form. All concerned are, therefore, required to adhere to the aforesaid directions.

Request for extension of time limit of Rajasthan Amnesty Scheme 2021

September 25, 2021 2607 Views 0 comment Print

The above Amnesty Scheme 2021 is valid up to 30.09.2021. In this regard it is submitted that there are so many rectification application for mismatch of ITC are also pending with the Commercial Taxes Deptt. Level which are to be disposed off and due to this the dealers are not able to avail the benefit of the Amnesty Scheme.

CVD on import of Aluminium Wire in coil form/Wire Rod in coil form

September 24, 2021 4029 Views 0 comment Print

Seeks to impose countervailing duty on Aluminium Wire in coil form/Wire Rod in coil form having diameter ranging from 9 mm to 13 mm exported from Malaysia for a period of 5 years. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 04/2021-Customs (CVD) New Delhi, the 24th September, 2021 G.S.R. 662(E). -Whereas, […]

IRDA penalises Surveyor company for engaging unlicensed surveyor

September 20, 2021 2547 Views 0 comment Print

Survey either engaging unlicensed surveyor or surveyors who are not holding license in relevant areas of risk. Provision: Regulation 12(1) and Regulation 16(5) under Chapter VI (Code of Conduct) of IRDAI Insurance Surveyor and Loss Assessors) Regulations, 2015.

Compensation of Key Employees of AMCs- SEBI further clarifies

September 20, 2021 1581 Views 0 comment Print

For junior employees, the provision under para 2(i) of the Alignment Circular shall be implemented in a phased manner i.e. 10% in the 1st year and 15% in the 2nd year of implementation of the Alignment circular. In other words, junior employees shall be required to invest 10% during October 01, 2021 to September 30, 2022 and 15% during October 01, 2022 to September 30, 2023.

IRDA penalises Surveyors for issuing survey report without valid licence

September 16, 2021 4107 Views 0 comment Print

The SLA has submitted that the delay in issuing survey report was due to non-receipt of necessary documents from the insured.  If the documents, as claimed by the SLA, had not been received from the insured till the retirement of the Surveyor in question, then the submission of the SLA that the said survey was carried […]

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