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Actual results of later years cannot be used for Valuation of shares: ITAT

August 5, 2020 1776 Views 0 comment Print

Flutura Business Solutions Pvt. Ltd. Vs ITO (ITAT Bangalore) We are of the view that, the Assessing Officer has erred in considering the actuals of revenue and profits declared in the future years as a basis to dispute the projections. At the time of valuing the shares as on 16.04.2012, the actual results of the […]

Income Tax scrutiny reduced drastically over the years: MOF

August 5, 2020 15534 Views 0 comment Print

Ministry of Finance  Income Tax Returns( ITR) scrutiny reduced to 0.25% in AY 2018-19 IT Dept is changing -from just enforcement to facilitating better taxpayer services. No. of cases selected for scrutiny reduced drastically over the years – 0.71% in AY 2015-16, 0.40% in AY 2016-17, 0.55% in AY 2017-18 & 0.25% in AY 2018-19. […]

Govt notifies Aadhaar Authentication Rules for Good Governance

August 5, 2020 1722 Views 0 comment Print

Central Government may allow Aadhaar authentication by requesting entities in the interest of good governance, preventing leakage of public funds, promoting ease of living of residents and enabling better access to services for them, for the following purposes, namely:–

IBBI (Liquidation Process) (Third Amendment) Regulations, 2020

August 5, 2020 1200 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020 today.

IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

August 5, 2020 1269 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 today.

SEBI (Employees’ Service) (Amendment) Regulations, 2020

August 5, 2020 1446 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Employees’ Service) (Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

Dispensing with physical signature on Insurance proposal forms

August 5, 2020 2583 Views 0 comment Print

Life insurers have represented to the Authority to allow the option of authenticating the proposals for life insurance through electronic means, in place of physical signature, for the sales made by insurance agents and intermediaries, in addition to the methods presently allowed.

Clarify use of digital signatures on filing with stock exchanges: ICSI

August 5, 2020 1575 Views 0 comment Print

THE INSTITUTE OF Company Secretaries of India IN PURSUANT OF PROFESSIONAL EXCELLENCE Statutory body under an act of parliament (Under the jurisdiction of Ministry of Corporate Affairs) ICSI:PFP: 2020 July 29, 2020 Ms. Barnali Mukherjee Chief General Manager Corporate Finance Department Securities and Exchange Board of India SEBI Bhavan, Plot No.C4-A, ‘G’ Block Bandra Kurla […]

Merging of CMA Intermediate and Final Examinations, 2020

August 5, 2020 852 Views 0 comment Print

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) CMA BHAWAN 12, SUDDER STREET, KOLKATA – 700 016. Telephones : +91-33- 2252-1031/1034/1035 + 91-33-2252-1602/1492/1619 + 91-33- 2252-7143/7373/2204 Fax : +91-33-2252-7993 +91-33-2252-1026 +91-33-2252-1723 Website : www.icmai.in Ref. No. G/128/2/8/2020 4th August, 2020 NOTIFICATION Sub: Merging of Intermediate and Final Examinations, 2020 […]

Anti-dumping investigations on imports of PET Resin

August 5, 2020 2025 Views 0 comment Print

PRELIMINARY FINDINGS- OI CASE No: 17/2019 Anti-dumping investigations on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China PR.

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