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Disallowance for non-deduction of TDS should be restricted to the tune of 30%

December 20, 2021 6243 Views 0 comment Print

Draipl-Mskel (JV) Vs ITO (ITAT Ahmedabad) In the present case, the expense claimed by the assessee for interest was disallowed by the AO on account of non-deduction of TDS. The disallowance made by the AO was also subsequently confirmed by the learned CIT (A). Now, the issue which require consideration and the adjudication is whether […]

SEBI issues directions to stock exchanges in Commodity Derivatives segment

December 20, 2021 717 Views 0 comment Print

SEBI has issued directions to Stock Exchanges having Commodity Derivatives Segment (Paras 2 to 4) in respect of trading in derivative contracts in following commodities:

Central Vigilance Commission (Amendment) Act, 2021

December 20, 2021 1119 Views 0 comment Print

In section 25 of the Central Vigilance Commission Act, 2003, in clause (d), the following provisos shall be inserted, namely: Provided that the period for which the Director of Enforcement holds the office  on his initial appointment may, in public interest, on the recommendation of the Committee under clause (a) and for the reasons to be recorded in writing, be extended up to one year at a time:

SCOMET List amended- ITC (HS) Classification of Export & Import Items, 2018

December 20, 2021 20277 Views 0 comment Print

Annual SCOMET Update – 2021 has been notified to amend the Appendix 3 (SCOMET Items) to Schedule-2 of ITC (HS) Classification of Export and Import Items, 2018. Government of India Ministry of Commerce & Industryc Department of Commerce Directorate General of Foreign Trade Udyog Bhavan Notification No. 47/2015-2020-DGFT New Delhi, dated: 20th December, 2021 Subject: […]

DGFT extends ‘Free’ import policy of Refined bleached deodorised palmolein/palm oil

December 20, 2021 2043 Views 0 comment Print

‘Free’ import policy of items under HS code 15119010 (Refined bleached deodorised palm oil) , 15119020 (Refined bleached deodorised palmolein) and 15119090 (Others)  is extended for a period up to 31.12.2022. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 46/2015-2020-DGFT New Delhi, Dated: 20th December, […]

‘Wild Life (Protection) Amendment Bill, 2021’ introduced in Lok Sabha

December 18, 2021 6411 Views 0 comment Print

Wild Life (Protection) Amendment bill , 2021 is been introdued in Lok Sabha to further amend the Wild Life (Protection) Act, 1972. The Wild Life (Protection) Act, 1972 (the Act) provides for the protection of wild animals, birds and plants and for matters connected therewith or ancillary or incidental with a view to ensuring the […]

CBIC Notifies Rate of Exchange of ‘Turkish Lira wef 18.12.2021

December 17, 2021 771 Views 0 comment Print

CBIC notifies Rate of Exchange of ‘Turkish Lira’ against Indian Rupees with effect from 18th December, 2021 vide Notification No. 99/2021- Customs (N.T.) | Dated: 17th December, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 99/2021 – Customs (N.T.) New Delhi, dated the […]

CORRIGENDUM to Notification No. 83/2021-Customs (N.T.)

December 17, 2021 1005 Views 0 comment Print

CORRIGENDUM to Notification No. 83/2021-Customs (N.T.) dated the 27th October, 2021 MINISTRY OF FINANCE (Department of Revenue) CORRIGENDUM New Delhi, the 17th December, 2021 G.S.R. 864(E).—In the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 83/2021-Customs (N.T.), dated the 27th October, 2021, published in the Gazette of India, Extraordinary, Part […]

eForm MGT-6 | Return to Registrar in respect of declaration under section 89 received by company

December 17, 2021 56667 Views 0 comment Print

 eForm MGT-6 -Return to the Registrar in respect of declaration under section 89 received by the company Part I – Law(s) Governing the eForm MGT-6 Section and Rule Number(s) eForm MGT-6 is required to be filed pursuant to section 89(6) of the Companies Act, 2013 which is reproduced for your reference. Section 89(6): Where any […]

eForm DIR-11 | Notice of resignation of a director to Registrar

December 17, 2021 83094 Views 6 comments Print

eForm DIR-11 is required to be filed pursuant to Section 168 (1) of the Companies Act, 2013 and Rule 16 of Companies (Appointment and Qualification of Directors) Rules, 2014

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