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Need for Institutional Framework for Valuation Professionals

June 28, 2020 1398 Views 0 comment Print

Report of the Committee of Experts to Examine the Need for An Institutional Framework for Regulation and Development of Valuation Professionals- VOLUME I –  April 2020. Executive Summary A Profession is a disciplined group of individuals who adhere to ethical standards and who hold themselves out as, and are accepted by the public as possessing […]

ICAI allows students to Opt Out from May 2020 exams till 30.06.2020

June 27, 2020 633 Views 0 comment Print

In view of feedback received from the students who have already submitted online examination application for May 2020 Examination, it is decided that the request of students for allowance of some more time for exercising the Opt-Out option be extended till 30th June 2020 (Tuesday) upto 11.59 PM.

OECD Project to Tax Digital Economy: At the Brink of Collapse?

June 27, 2020 1371 Views 0 comment Print

Last two years have witnessed a large-scale collaborative effort by the international community, under the umbrella of the OECD, towards finding a consensus-based solution for the problem of taxation within the digitalized economy.

Floating Rate Savings Bonds 2020 (Taxable)

June 26, 2020 6246 Views 1 comment Print

Government of India has decided to launch Floating Rate Savings Bonds 2020 (Taxable) scheme, with effect from July 01, 2020 in terms of GoI Notification F.No.4(10)-B(W&M)/2020 dated June 26, 2020.

TDS on interest on Post Office Saving Schemes reduced

June 26, 2020 7890 Views 0 comment Print

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.

SEBI Guidelines for Order-to-trade ratio for Algorithmic Trading amended

June 24, 2020 2241 Views 0 comment Print

Stock exchanges may be permitted to introduce additional slabs upto OTR of 2000 (from existing OTR of 500), and for OTR more than 2000. Such slabs can be introduced with deterrent incremental penalty, which stock exchanges may decide jointly.

ITC of GST on one time Lease Premium Charges of land for business purpose

June 24, 2020 20829 Views 0 comment Print

In re Daicel Chiral Technologies (India) Private Limited (GST AAR Telangana) Q1. Whether the applicant is eligible to avail input tax credit of GST paid on payment of Lease Premium Charges (one-time charges) towards land lease for business purpose? Ans: No. the applicant is not eligible to avail input tax credit of GST paid on […]

Modalities of WTO committed in-quota tariffs on specified items

June 23, 2020 744 Views 0 comment Print

CBIC prescribes the manner and modalities in respect of WTO committed in-quota tariffs on specified items vide Notification No. 28/2020-CUSTOMS dated 23rd June, 2020. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd June, 2020 Notification No. 28/2020-CUSTOMS G.S.R. 398(E).- In exercise of the powers conferred by sub-section (1) of section 25 of […]

Domestic Pressure Cooker (Quality Control) (Amendment) Order, 2020

June 23, 2020 1398 Views 0 comment Print

(1) This Order may be called the Domestic Pressure Cooker (Quality Control) (Amendment) Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Flat Transparent Sheet Glass (Quality Control) (Amendment) Order, 2020

June 23, 2020 1134 Views 0 comment Print

(1) This Order may be called the Flat Transparent Sheet Glass (Quality Control) (Amendment) Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

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