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Consumer Protection (Mediation) Rules, 2020

July 16, 2020 4599 Views 0 comment Print

Consumer Protection (Mediation) Rules, 2020 The parties shall not initiate any arbitral or judicial proceedings in respect of a matter which is the subject-matter of the mediation and also when such parties have expressly undertaken not to initiate any such proceeding.

Income from sale of shares is Business income or Capital gains

July 14, 2020 109324 Views 14 comments Print

This article is for better understanding of Treatment of Income from Sales of shares or other securities. Here I am explaining about the possibilities one can treat the income from sale of shares and what are the benefits of it. The article also comprises the corresponding guidelines from CBDT which are self explanatory and fiercest.

Money Laundering is an act of financial terrorism: HC

July 13, 2020 3309 Views 0 comment Print

High Court of Orissa held that The offence of Money Laundering is nothing but an act of financial terrorism that poses a serious threat not only to the financial system of the country but also to the integrity and sovereignty of a nation.

Section 2(22)(e) Deeming fiction cannot be applied on mere suspicion

July 13, 2020 14556 Views 0 comment Print

ACIT Vs Shri Gurdeep Singh (ITAT Chandigarh) The intention behind enacting provisions of section 2(22) (e) are that closely held companies (i.e. companies in which public are not substantially interested), which are controlled by a group of members, even though the company has accumulated profits would not distribute such profit as dividend because if so […]

IBBI guideline on online Education by IPAs & RVOs

July 12, 2020 1056 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations) Guidelines, 2020

Extension of Time for processing of ITR with Refund claim for AY 2017-18

July 10, 2020 3393 Views 0 comment Print

CBDT Extends Time Limit for processing of Income Tax Return with Income Tax Refund Claims u/s 143(1) for AY 2017-18 in Non scrutiny cases till 31.10.2020.

Master Circular for Commodity Derivatives Market updated till 10th July 2020

July 10, 2020 1494 Views 0 comment Print

SEBI Master Circular for Commodity Derivatives Market updated till 10th July 2020 is a compilation of the circulars issued by Commodity Derivatives Market Regulation Department (CDMRD) pertaining to domestic commodity derivatives segment, which have been issued 10th July 2020. Securities and Exchange Board of india MASTER CIRCULAR SEBI/HO/CDMRD/DNPMP/CIR/P/2020/118 July 10, 2020 To, All Stock Exchanges […]

RBI substitute the word ‘VCF Companies’ with ‘AIF Companies’

July 10, 2020 1737 Views 0 comment Print

RBI decided to substitute the word ‘Venture Capital Fund Companies’ with ‘Alternative Investment Fund Companies’ in exercise of the powers conferred under section 45NC of RBI Act, 1934.

Import of cut flowers allowed through Chennai airport only

July 9, 2020 1449 Views 0 comment Print

Notification No. 17/2015-2020- Import Policy of cut flowers under HS code 0603 continues to remain ‘Free’. However import will be allowed through Chennai airport only. Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Notification No. 17/2015-2020 New Delhi Dated 9th July, 2020 Subject: Amendment in import […]

Anti-dumping duty on imports of Steel & Fibre Glass Measuring tapes

July 8, 2020 1206 Views 0 comment Print

Notification No. 17/2020-Customs (ADD)– Seeks to levy definitive anti-dumping duty on imports of ‘ Steel and Fibre Glass Measuring tapes and their parts and components ‘,originating in, or exported from, People’s Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR GOVERNMENT OF INDIA […]

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