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CARO 2016 applicable for November 2021 CA IPCC /Intermediate/Final Exams

July 26, 2021 849 Views 0 comment Print

This is to bring to the attention of the students that Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs would be applicable for the IPCC (Opted out), Intermediate, Final (Old – Opted out ) and Final (New) examinations to be held in November 2021s.

Equal opportunity to secure justice could not be denied to any citizen

July 26, 2021 819 Views 0 comment Print

Mohammad Ahmad Khan Vs State of U.P. & Another (Allahabad high court) Heard Sri Sushil Kumar Singh, learned counsel for applicant, Sri A.Z.Khan, learned counsel for opposite party no.2 and Sri Yatindra Kumar Agnihotri, learned Additional Government Advocate for State. The instant application has been moved by the applicant Mohammad Ahmad Khan with a prayer […]

Haryana GST dept detects Considerable gaps in ITC available in GSTR-2A

July 26, 2021 2205 Views 0 comment Print

On data analysis it was found that there were considerable gaps in the input tax credit available in GSTR-2A as compared with actual tax credit availed in GSTR-3B of M/s Shri Krishna Enterprises (Prop. Krishan Deep Garg), Gurgaon. It was also observed that there was a large accumulation of input tax credit of CESS for the said taxpayer.

New energy in startups space in 2021- Piyush Goyal

July 24, 2021 627 Views 0 comment Print

There is a new energy in our startups space. In just first 6 months of 2021, India has been to see 15 more unicorns . This was said by Shri Piyush Goyal while addressing the Plenary Session of CII- Horasis India Meeting 2021 on India’s Emerging Industry & Trade Architecture

26 Issues in New Income Tax Portal

July 23, 2021 76914 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 3642 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 1320 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 3696 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 1431 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 15180 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.

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